News
NH Hotel Group Lands $3B Merger Bid
The Madrid-based hospitality company is in receipt of an offer from Barceló Hotel Group, which proposes to acquire its rival, along with a portfolio of 400 properties across Europe, the Americas and Africa.
Airbnb Going Strong in Texas
According to AirDNA data, three major Texas metros are witnessing an important growth in Airbnb user adoption. Austin, Houston and Dallas have seen the total number of listings increase by as much as 90 percent year-over-year in October.
NorthStar Realty Europe Sells $95M London Office Complex
Situated in Greater London, Dukes Court comprises 224,000 square feet of office on a three-acre site. Major tenants include HMRC, Kuwait Petroleum and Fidessa Group.
Foster + Partners to Design Marseille Airport Extension
The project will allow the airport to serve up to 12 million passengers per year, future-proofing the development until 2046.
Airbnb Faces Adoption Slowdown
A recently published report by Morgan Stanley shows that Airbnb’s initial utilization rate prediction for 2017 will only be reached by the end of next year. In the light of the platform’s struggles to maintain the momentum gained in 2015 and 2016, online travel agencies gain significant ground.
JV to Create Upscale Hotel Brand in Japan
An exclusive joint venture of Hotel Okura Co. and Trinity Investments LLC has revealed its plan to bring a new luxury brand to Japan’s hospitality market.
JV to Develop 110 KSF Spec Industrial Asset in SC
The speculative building will occupy 17 acres in Dillon, S.C., located within the 331-acre site adjacent to Interstate 95 and Highway 34 and close to the upcoming Dillon Inland Port.
Orlando Retail Center Lands $22M in Financing
CBRE negotiated the loan on behalf of Unicorp National Developments Inc. for its Westside Shoppes in Windermere, Fla. The 68,346-square-foot retail center is fully leased.
MD MOB Breaks Ground
Construction of the 595,744-square-foot health care facility is underway. Located at the Capital Center in Largo, Md., the project is expected to be completed by 2020.
NJ Retail Center Welcomes New Tenant
Goldfish Swim School will occupy 8,100 square feet at the Eastman Cos.-owned The Shoppes at the Livingston Circle in Livingston, N.J., which added multiple new tenants over the past few months.