Investment
Carey Watermark Buys 295-Key Kansas City Marriott Country Club Plaza
Carey Watermark Investors has been on quite the buying binge this year, and the REIT’s recent acquisition of the Kansas City Marriott Country Club Plaza has kept the trend alive.
Harrison Street Sells 22 Self-Storage Properties for $223M
Harrison Street Real Estate Capital has sold 22 self-storage properties totaling 1.7 million square feet to CubeSmart as the first part of a $223 million, two-tranche deal.
EXCLUSIVE INTERVIEW: M-F Market to Stay Strong as GDP Expansion Peaks in 2015
According to the National Association of Home Builders, the economy is back on track, and economic growth will accelerate further into next year. Will that mean the multi-family market will strengthen further?
Chambers Street Acquires Industrial Portfolio in NE Pennsylvania
Chambers Street Properties has acquired a four-property,1,644,480 million-square-foot portfolio located in the Northeast Pennsylvania industrial market for $106 million.
TIAA-CREF Buys 21 Penn, 2 Herald Square in Midtown Manhattan
The buying spree by TIAA-CREF is so fast and furious lately that the latest deal was actually two of them.
DiamondRock Buys Westin Florida Property for $149M
DiamondRock Hospitality has acquired the fee simple interest in The Westin Beach Resort & Spa, Fort Lauderdale, for $149 million.
STORE Capital Prices Offering, Anticipates Half-Billion in Proceeds
STORE Capital Corp. is going public and the net-lease REIT recently announced the pricing of its initial public offering of 27.5 million shares at $18.50 per share.
INTERNATIONAL: Safra Shells Out $1B for The Gherkin in London
The Safra Group, an international network of companies led by Brazilian billionaire Joseph Safra has bought 30 St. Mary Axe in London, also known as The Gherkin due to its unusual shape.
Caddo Holdings Sells 2 Uptown Dallas Office Buildings to Westdale
Flipping is on the menu at Caddo Holdings, which just sold two office towers totaling 188,800 square feet in the coveted Uptown area of Dallas, one year after acquiring them.
Salesforce Purchases San Francisco’s 50 Fremont St. from TIAA-CREF
The tech company that, just a few months ago, signed the largest office lease in San Francisco history has now agreed to what reportedly is the largest occupier deal in the city’s history.