Investment
Interwest Capital Acquires Chicago Hotel
The 12-story, 165-key property, formerly known as the Claridge Hotel, was built in 1923.
Yardi Matrix: Steady Growth in St. Louis
Multifamily Summer Report 2016: An influx of professional jobs and the area’s relative affordability are attracting residents and lifting demand for apartments.
Vornado Closes $675M Refi of Iconic Chicago Building
At 4.2 million square feet, Merchandise Mart was the largest building in the world upon opening in 1930.
C-III Capital Partners Acquires Resource America
Under the transaction, Resource America stockholders will be entitled to receive $9.78 per share in cash, or a total of roughly $207 million.
Acadia Realty Trust Closes Fund with Mega-Buying Power
The firm’s fifth institutional retail fund closed with $520 million in commitments.
Wexford Science & Technology Becomes Independent
The move follows Ventas’ recent acquisition of Wexford’s real estate assets for $1.5 billion.
Industry Veteran Reiff Heads New Lending Venture
The former FirstKey Lending CEO will be heading Allegiant Real Estate Capital, a new specialty lending operation.
Ogden Industrial Park under New Ownership
Marcus & Millichap procured the buyer and helped arrange the transaction.
CBRE Closes Sale of BJ’s Wholesale Club East of Philly
The New Jersey property changed hands for $15.6 million.
Blackstone Fund Closes at $1.3B
The fund made its first sale in December 2014 and attracted a broad base of investors from around the world.