Investment
Thor Equities Closes on Manhattan’s 685 Fifth Ave.
Thor Equities has closed on its purchase of 685 Fifth Ave., at the corner of Fifth Avenue and 54th Street in Manhattan.
Pathfinder, Meriwether JV to Acquire Luxury Colo. M-F Community
Pathfinder Partners has teamed with the Meriwether Cos. to acquire The Shores at Breckenridge, a planned 20-building community on the banks of the Blue River in Breckenridge, Colo.
RADCO Buys 512-Unit M-F Community in Metro Denver for $95M
The RADCO Cos. has acquired Parc Belmar, a 512-unit apartment community in Lakewood, Colo., from a local developer for $95 million.
SPECIAL REPORT: PREI Raises Concerns: RE Valuations Could be Based on QE Worldwide
Prudential Real Estate Investors said that commercial real estate prices are on the rise worldwide as economies rebound internationally, but expressed concern that loose monetary policy could be driving property valuations, in its June 2014 Global Outlook.
Ivanhoe Cambridge JV Buys 49% Stake in Downtown Manhattan Property for $150M
Ivanhoe Cambridge has added to its New York City office holdings with the acquisition of a 49 percent stake in 330 Hudson in Manhattan for $150 million.
Carey Watermark Grabs 302-Key Hotel in Denver’s CBD for $82M
Carey Watermark Investors has made its entrance into Denver’s sizzling hotel market by snapping up the Hampton Inn & Suites-Homewood Suites by Hilton Denver Downtown/Convention Center for $82 million.
Pushing New Heights – Brokerage Trends Podcast
Jack Kern and Mike Ratliff dissect the current state of real estate brokerage and investment sales trends.
Provenance Hotels, Thayer Lodging JV to Buy Hotel 1000 in Seattle
Provenance Hotels has entered a joint venture with Thayer Lodging Group to acquire the 120-key Hotel 1000 in downtown Seattle for what the Wall Street Journal reports to be $63 million.
Goddard Acquires 1.2 MSF Office Tower in Dallas
Atlanta-based Goddard Investment Group has added to its Texas holdings with the acquisition of Fountain Place, a 58-story trophy tower that is one of the tallest buildings in downtown Dallas.