Investment
NorthStar (x 2), Colony in Three-Way Merger
The resulting equity REIT will have $58 billion worth of assets under management across different property types.
Menlo Equities Completes Initial Formation of Office Fund
The current target is roughly $1 billion, but Menlo looks forward to an asset base growth in the $2 billion-plus zone.
Skanska’s Largest Project Takes Flight
The $4 billion redevelopment of LaGuardia Airport has reached a new milestone.
Hilton Plants $272M Flag in Cleveland
The 600-key Hilton Cleveland Downtown will play host to attendees of the Republican National Convention in July.
AEW Capital Management Closes Asia-Pacific Fund
The Boston-based company has closed its second pan-Asia investment fund with $640 million in commitments.
Tennessee Mall Lands $107M Financing
CBL & Associates has closed on a 10-year, non-recourse loan for an iconic Chattanooga retail asset.
Pebblebrook Checks Out of Two Hotel Assets
The hotel REIT scored higher prices for its two properties in Los Angeles and Miami.
MGM to Buy Boyd’s Half of Borgata in Atlantic City
MGM Resorts is shelling out $900 million to acquire Boyd Gaming’s 50 percent interest in the Borgata Hotel Casino & Spa.
Class A Office Towers Recapitalized in Houston
JLL has secured $450 million in financing to recapitalize two premier office assets in downtown Houston.