News
Cornerstone Comes Through for Blackstone in a Big Way
Cornerstone Real Estate Advisers originated a $335 million loan to fund Blackstone’s acquisition of four Club Quarters hotels across the U.S.
Legg Mason Completes Acquisition of Clarion Partners
The Baltimore-based company paid a reported $577 million to acquire a majority stake in the New York-based real estate investment firm.
Chicago Sets Strict Timeline for New Owner of Old Post Office
Developer 601W Cos. has until June 1 to complete the acquisition of the iconic Windy City building.
George Smith Partners Arranges Financing Measure for Upcoming TOD in Hollywood
George Smith Partners arranged a $30 million bridge loan for a site that encompasses a multifamily development and an existing office building.
Residence Inn Brickell En Route to Magic City’s Major Financial District
Naples Hotel Group acquired the development and management contract for the 206-key hotel, expected to break ground in the first quarter of 2017.
Marcus & Millichap Facilitates Sale of 1,023-Unit Self-Storage Facility in Denver
Marcus & Millichap has arranged the disposition of a newly-built Class A self-storage property in Aurora, Colo.
Market in Focus: Fort Lauderdale Rising
An in-depth look at why the hotel and residential sectors are booming in a Florida city that was once best known as a spring break destination.
Economy Watch: Retail Sales Slip in March
The Census Bureau’s retail report for March revealed a surprising dip in sales, although the sector’s performance is still better than it was at the same time last year.
German Fund Buys Another Boston Waterfront Asset
Union Investment Real Estate GmbH forked out $452 million to acquire a Class A office asset in the Seaport District from Skanska USA.
Xcel Energy Teams Up with Vestas to Build 600-MW Wind Farm in Eastern Colorado
The two companies have joined forces to build the largest wind farm in the state, pending approval from the Colorado Public Utilities Commission.