Investment
Clarion Secures $81M in Financing for Metro Atlanta Industrial Portfolio
Clarion Partners has just obtained $81 million in financing for a 3.1 million-square-foot industrial portfolio in metropolitan Atlanta.
Starwood Opens St. Regis Abu Dhabi, Features World’s Highest Hotel Suite
Abu Dhabi has welcomed its second St. Regis-branded hotel, courtesy of Starwood Hotels & Resorts, and the luxury hospitality project comes with a small perk–it features the world’s highest suspended hotel suite at 650 feet.
Greystar to Buy Portfolio of Student Housing Assets in UK
Greystar Real Estate Partners, in partnership with Goldman Sachs, has agreed to acquire a portfolio of U.K.-based student housing assets out of the bankruptcy administration proceedings for the Opal Property Group.
CBRE Buys Fameco, Expands Retail Presence in Greater Philadelphia Region
CBRE continues to increase its penetration of markets across the country with the acquisition of Fameco Real Estate, a leading, Philadelphia-based commercial real estate services firm specializing in retail and offering a reach across the Mid-Atlantic.
Jamestown Acquires San Francisco’s Famed Ghirardelli Square
Aiming to boost its appeal to locals as well as tourists, Jamestown has acquired the famed Ghirardelli Square retail complex at San Francisco’s Fisherman’s Wharf for a reported $56 million.
Bill Gates’ Investment Group Buys Four Seasons Houston
Cascade Investment, the private investment arm of billionaire Bill Gates, is set to acquire the Four Seasons Hotel Houston from Maritz, Wolff & Co. for a reported $140 million.
Associated Estates to Buy 1,600-Unit Apartment Portfolio for $324M
Associated Estates Realty Corp. will add 1,606 residential units to its holdings overnight. The REIT has entered into a definitive agreement with Northwood Ravin to acquire a portfolio of seven existing and under-development apartment assets across three states in the Southeast and Mid-Atlantic for $324 million.
Inland Buys 2 Andaz Hotels in California, Georgia for $115M
Inland American Lodging Group has acquired two Andaz hotels from Hyatt Hotels Corp. for $115 million. A Hyatt affiliate will continue to manage both properties.
Jackson Walker Leases 104 KSF at KPMG Plaza in Dallas Arts District
CBRE has been keeping busy this week in Dallas, announcing its role in the completion of a 104,064-square-foot lease on behalf of Jackson Walker in the future Hall Arts office building, in the heart of the Dallas Arts District; and in a separate deal, it arranged the sale of 100 East Royal, a Class A office asset in Irving.