News
New Conrad Chicago Hotel Opening in 2016
Conrad Hotels & Resorts has recently reached an agreement with Geller Investment Co. and Wanxiang America Real Estate Group to open a new Conrad hotel in the Windy City.
Economy Watch Weekly: Commercial, Residential Markets Fare Well
Economy writer Dees Stribling offers his weekly roundup of indicators for the week ended May 22, 2015.
Flaherty & Collins Seeks Equity Partner for $85M-Plus Apartment Development
Flaherty & Collins Properties has recently completed the first phase of the Axis apartment community in downtown Indianapolis and is currently looking for an equity partner.
IHG to Open Indigo Hotel in Greenland’s DTLA Metropolis Development
Greenland USA is adding a new hotel to its offering at the Metropolis mixed-use development in downtown Los Angeles. The company, a subsidiary of Greenland Group in Shanghai, has announced that it has inked an agreement with InterContinental Hotels Group for the opening of the city’s first Indigo-branded hotel. The hotel will be integrated into the $1 billion development project that Greenland is currently building in the proximity of the city’s Financial District and L.A. Live. IHG and Greenland are frequent partners, the latter operating seven facilities bearing IHG brands.
Behringer’s New Funds
Behringer Securities and Meritage Capital are taking advantage of the current market’s volatility.
DealPoint, Sperry Van Ness Want to Add Value
DealPoint Merrill and Sperry Van Ness International have formed a powerful partnership with capital preservation in mind.
Former Ramada Trades for $2.5M
A large hotel located just outside Cincinnati’s central business district has changed hands earlier this month. The former Ramada hotel at 800 W. Eighth St. was acquired by an affiliate of New Zealand-based VR Group, for $2.5 million, the Cincinnati Business Courier reports. AAIG of Cincinnati LLC, a company made up of a group of California investors, was the seller.
International: W.P. Carey’s Munich Lifestyle
The net lease REIT’s latest international investment plan.
NBS Arranges Acquisition Financing for FedEx Portfolio
FedEx is on a major expansion kick.
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