News
ARC Healthcare II Grabs 12-Asset Seniors Housing Portfolio
American Realty Capital Healthcare Trust II Inc. has made one of its largest purchases since its first buy in May 2013.
INTERNATIONAL: Starwood Plans Four New Luxury Resorts on Tropical Hainan Island in China
Starwood Hotels & Resorts Worldwide Inc. is expanding its luxury presence in China with the opening of four new properties on Hainan Island by 2020.
EXCLUSIVE: DLA Piper Survey Finds CRE Executives Bullish on Coming Year
DLA Piper unveils the final results of its 2014 State of the Market Survey, prior to the launch of its Real Estate Global Summit.
Nevada CRE Executive: State Best Choice for Tesla’s $5B Battery Factory
Tesla Motors Inc.’s decision to locate its $5 billion battery “Gigafactory” in Nevada came as no surprise to at least one local commercial real estate executive.
Vulcan Signs Costco to Office Lease
Vulcan Real Estate has leased 176,656 square feet in its Sammamish Park Place to Costco Wholesale Corp.
CLG Starts Work at its R3 Lofts Mixed-Use Project on Redwood
California Landmark Group recently announced that is has started construction on its Marina Arts District mixed-use project. The company is currently developing its R3 Lofts project, a $30 million venture that has a development deadline set for the spring of 2016. CLG is working on the site at 4091 Redwood Avenue, where it will develop a concept that combines a residential component and dedicated creative office space aimed at its residents.
Hilton Garden Inn New York/Times Square Central Sold to DiamondRock for $127.2 Million
DiamondRock Hospitality, a real estate investment group based in Bethesda, recently added a new hotel to its portfolio of 27 properties across the U.S.
BRA Approves 32-Unit Condo Building in South Boston
Last month the Boston Redevelopment Authority (BRA) board green-lighted a new residential project at 30 B Street in the South Boston neighborhood.
Reliable Churchill Moves to New Baltimore County HQ, Brings 500 Jobs
Baltimore County is celebrating a huge win. Reliable Churchill, LLLP, the largest wine and spirits distributorship in the state of Maryland, has relocated its headquarters and more than 500 of its employees to a new office-warehouse complex in the Baltimore Crossroads business community, in White Marsh/Middle River.
ASB Real Estate Purchases LA Residential Tower
ASB Real Estate Investments has acquired Watermarke Tower, a 35-story trophy residential property in the South Park neighborhood of downtown Los Angeles, for $160.5 million.