Investment
CBRE Negotiates Sale of 7-Acre Miami Development Site
CBRE has orchestrated the sale of a prime parcel of land in downtown Miami, reeling in $8.7 million per acre.
MEPT, Bentall Kennedy Go Shopping in Boston
Showing “strong interest and confidence in the Boston market,” Multi-Employer Property Trust has acquired nine assets in three separate transactions in Boston totaling $250 million.
JBG Reels in Refi for Suburban DC Office Building
JBG has gotten a sizable chunk of change for the refinancing of a highly regarded asset in a strong submarket of the country’s capital.
HEI Hotels & Resorts Trades Aloft Houston Galleria Hotel
As hospitality demand in Houston continues to outpace supply, HEI Hotels & Resorts sells its 152-key select-service boutique hotel to Westpark I.
CBRE Arranges Second-Largest M-F Sale in Greater Orlando in 12 Months
CBRE helped arrange the second-largest apartment-complex sale in Greater Orlando in the past 12 months to Ecoventures.
Mitsui Fudosan America Takes Majority Stake in 55 Hudson Yards as Construction Starts
Related Cos. and Oxford Properties Group now have Japanese company Mitsui Fudosan America as its newest majority stakeholder in the prominent 55 Hudson Yards tower project.
Inland Enters Denver Market with Retail Property Purchase
Inland American Real Estate Trust knows a winning asset when it sees one–and it saw just that in Denver’s Quebec Square.
INTERNATIONAL: Hard Rock Hotel Riviera Cancun to Open in 2017
Hard Rock International will be rocking it in Cancun, with the opening of a new, all-inclusive oceanfront hotel.
Trumark Lands Financing for Luxury Downtown LA Condo Project
Trumark Urban has taken a big step forward in its development of 1050 S. Grand in downtown Los Angeles.
Berkshire Increases Bay Area Apartment Presence with New Acquisition
In response to the Bay Area’s rental demand due to job growth, an affiliate of Berkshire Group has gotten on the bandwagon with the purchase of a Class A apartment community in Oakland.