News
Paradise Group Acquires Embassy Suites by Hilton Orlando Downtown for $26 Million
In a $26 million deal arranged by HFF, HEI Hotels & Resorts sold the 167-key Embassy Suites by Hilton Orlando Downtown to Korea-based Paradise Group.
Marriott International Doubling European Presence
Marriott International’s acquisition of Starwood Hotels & Resorts Worldwide will bring the hotel giant’s European portfolio to more than 123,000 rooms.
Second-Tier Global Cities: CRE’s New Rising Stars
JLL’s latest Investment Intensity Index reveals the rise of ‘New World Cities’ as attractive markets for global commercial real estate investment.
Republic of Turkey, Perkins Eastman Unveil Design for New NYC Consulate Tower
Designs for the Turkevi Center, a 32-story consulate tower to be constructed in Manhattan’s Turtle Bay neighborhood, call for an all-glass facade, among other prominent features.
Madison International Realty Takes a Piece of Sierra Portugal Fund
The real estate-focused liquidity provider has expanded its reach with a minority stake purchase in the prominent shopping center owner and an office acquisition in San Francisco.
Economy Watch: CRE Execs a Little More Glum
A new survey by M&T Bank shows commercial real estate industry leaders are somewhat more pessimistic now than they were a year ago.
Maryland Assists Veteran Business through No-Interest Loan Program
Startup costs for Andy Lee’s Coffeecade will be secured through Maryland’s Military Personnel and Veteran-Owned Small Business No-Interest Loan Program.
Kearny Real Estate Sells Trophy Office Building to Bosa Development
Bosa Development acquired the Five Thirty B office building in downtown San Diego for $53.2 million from Kearny Real Estate Co.
Cornerstone to Rebrand in Unity Play
The Hartford-based institutional asset manager is one of four MassMutual affiliates that will join forces under a 254-year-old name.
Colliers Appointed to Provide Property Management for Landmark Office Building
Colliers International has been retained by Hendricks Commercial to provide property management services for the historic 154,000-square-foot Century Building in downtown Indianapolis.