News
Wyndham Closes $1.3B Sale of European Vacation Business
Private equity firm Platinum Equity acquired the concern, which is the largest manager of holiday rentals in the region. The deal comprises more than 110,000 units in 25 countries.
Multiplex to Build Major Sydney Office Tower
Winten Property Group selected the Sydney-based contractor to develop a 640,000-square-foot building within the North Sydney CBD. The project is scheduled for completion in 2020.
Economy Watch: Industrial Market Stays Tight, Despite New Product
The U.S. industrial market ended the first quarter of 2018 with a 5 percent vacancy rate overall, even though a significant amount of new construction was delivered, according to a new Avison Young report.
CSM Completes Renovations for Portland Hotel
The 202-key Courtyard Portland Downtown Convention Center Hotel now features new seating, desks, dresser, carpet and wall coverings, among other improvements.
Hines Debuts Self-Storage Project
The company plans to develop several facilities across Arizona. Targeted locations include Tempe, Litchfield Park, Surprise, Scottsdale and Glendale.
Savanna Inks 23 KSF Manhattan Lease
The company signed workspace provider Knotel to a seven-year lease at 31 W. 27th St. in the NoMad District, which is currently undergoing a massive capital improvements plan.
Houston-Area Retail Center Lands $7M Refi
JLL Capital Markets arranged the fixed-rate non-recourse loan for The Shops at Spring Village in Spring, Texas, on behalf of Capital Retail Properties.
NKF Negotiates WI Industrial Sale-Leaseback
Senior Managing Directors Sergio Chapa and Corey Chase assisted the buyer in purchasing a roughly 54,000-square-foot property in Caledonia. The asset is 100 percent occupied.
Blackstone Sells Iconic London Office for $335M
The 286,600-square-foot Cannon Bridge House property, consisting of two linked buildings atop a rail station, has changed owners after a successful renovation and repositioning.
JV Makes Oceanfront Resort Purchase in Mexico
Trinity Investments LLC, Walton Street Capital LLC and Oaktree Capital Management LP teamed up to acquire the 375-key Hilton Los Cabos Beach & Golf Resort.