News
Historic Lodge at Cloudcroft Acquired by Texas Hotel Owners
The 115 year old historic Lodge at Cloudcroft resort has been under the ownership of the privately held corporation Great Inns of the Rockies since 1986.
Carlton Strategic, New Valley Pick Up Mixed-Use Space in Northern NJ
Nearly four decades after building The Plaza at Harmon Meadow in Northern New Jersey, Hartz Mountain Industries has sold it to a joint venture.
Eastern Consolidated Facilitates Sale of NYC’s ‘Kings Portfolio’
Coney Realty Group and Malek Management have jumped on the acquisition of a diamond-in-the-rough portfolio in New York City.
ARC Healthcare Trust II to List on Stock Exchange, Change Name
American Realty Capital Healthcare Trust II Inc. is the latest AR Capital-sponsored REIT to seek a liquidity event by trading its common stock on a national stock exchange.
Carroll, Goldman Sachs JV Buys Luxe Apartment Community
Carroll Organization, in a joint venture with AIMS Real Estate, a Goldman Sachs Asset Management business unit, has acquired a 301-unit luxury Class A multi-family community in Carroll’s home town of Atlanta.
New LondonHouse Hotel in Chicago Joins Hilton’s Curio Collection
Hilton Worldwide has recently announced that Chicago’s new LondonHouse hotel will join Curio – A Collection by Hilton, a global brand of distinctive four and five-star luxury hotels launched in June 2014.
Waramaug LS Hotels Acquires 137-Key Doubletree Suites in Carmel
The 137-key Doubletree Suites by Hilton Hotel in Indianapolis-Carmel has a new owner.
Public Subsidy Supports Walnut Capital’s New Residential Project in East Liberty
A new 78-unit apartment and retail complex called The Penn at Walnut on Highland will soon rise in the heart of Pittsburgh’s East Liberty business district. Scheduled for completion by the summer of 2016, the six-story project will replace two small retail buildings with historic facades at the corner of Penn and Highland avenues.
Economy Watch: When Will Homebuilding Pick Up Pace?
What’s this year in homebuilding going to look like? That concerns commercial real estate interests for two reasons.
Expansion of Michigan’s Only Furniture Showing Progress
Back in October 2014 IKEA announced plans to consolidate its presence in Michigan area by expanding its 311,000-square-foot store in Canton Township, the company’s only furniture store in the state of Michigan.