News
EDENS to Buy AmREIT for $763 Million
At the Urban Land Institute’s Fall Meeting in New York City, Houston was declared the number one real estate market in the US. As revealed by ULI and PwC research, 2015 will be a big year for the Bayou City, yet, we don’t have to wait for next year to notice that big changes are already close at hand!
INTERNATIONAL: Trump to Build Trump International Hotel & Tower in Baku, Azerbaijan
Trump Hotel Collection is set to develop Trump International Hotel & Tower in Azerbaijan. The 33-story luxury resort will be located on Hasan Aliyev St. in the Nasimi District of Baku.
3,100-Acre Sparrows Point Site Could Become One of the Largest Ports on the East Coast
The 3,100-acre Sparrows Point site may not look like much now, but, in the not too distant future, it could become one of the largest ports on the East Coast. At least that what its new owners, Sparrows Point Terminal, and other state and local officials have planned for it.
Whole Foods Market to Anchor $350M Towson Row Development
Whole Foods Market is coming to Baltimore county. The natural foods and organic grocer will open a new location at the Towson Row mixed-use development to be built at the southern gateway to downtown Towson. Baltimore County Executive Kevin Kamenetz, Whole Foods Market and Caves Valley Partners made the announcement on Wednesday, November 5.
Brandywine Teams Up with LCOR/CalSTRS to Build $140 Million Mixed-Use Tower in Center City
Brandywine Realty Trust, the company behind the Cira Centre South development at 30th and Chestnut Streets, recently announced construction is imminent for a new mixed-use project in the heart of Philadelphia.
Loews Hotels Buys Loews Ventana Canyon Resort in Tucson
Loews Hotels & Resorts has acquired Loews Ventana Canyon Resort, a 398-room lodging destination that has operated under Loews Hotels’ management since the doors first swung open at 7000 N. Resort Dr. in 1984.
Fifth Third Bank Moves into One Woodward, Pledges $85 Million Toward Detroit’s Revitalization Efforts
A Fortune 500 company and one of Michigan’s largest financial institutions announced plans to join the growing wave of businesses that populate the urban core of Detroit. Fifth Third Bank will relocate its regional eastern operations from its current headquarters in Southfield, MI, into Dan Gilbert’s One Woodward building.
Capstone Development Pays $46M for Two Nashville Hotels
Franklin-based Chartwell Hospitality announced the sale of two Nashville hotels. Chartwell, along with two private investors sold the 169-key Hampton Inn Nashville/Vanderbilt and the 157-key Hampton Inn & Suites Elliston place to out of state investors
Metropolis Investment Holdings Gets $150M Loan for San Francisco Skyline Landmark
JLL’s Capital Markets has secured $150 million in refinancing for 345 California Center in San Francisco’s financial district.
Candlebrook Enters Student Housing, Buys 5 Assets for $230M with Lubert-Adler
Candlebrook has launched a subsidiary to manage its new student housing platform and teamed with Lubert-Adler Partners to purchase five properties for $230 million to begin the enterprise.