News
Hyatt to Partner with Playa Hotels & Resorts, Add All-Inclusive Resorts to Portfolio
A wholly owned Hyatt subsidiary intends to form a partnership agreement with Playa Hotels & Resorts B.V. and enter the all-inclusive resort segment.
Hudson’s Bay’s Saks Buy More About RE or Retailing?
When it raised the possibility of creating a REIT, assuming its proposed $2.9 billion merger with Saks Inc. goes through, Hudson’s Bay Co. also raised the question of whether the acquisition is more about the retailing or more about the real estate?
Eastdil Gets $100M in Financing for Meridian’s Purchase of 3 Class A Office Towers
Eastdil Secured arranged more than $100 million in financing for The Meridian Group’s acquisition of three Class A office towers owned by Science Applications International Corp. in the Northern Virginia submarket of Tysons Corner.
Economy Watch: Home Prices Rise Everywhere; Residential Vacancy Rates Fall
Residential prices continued their upward climb in May. And the national vacancy rate for rental housing edged down to 0.4 percentage points lower than during the same quarter last year, while the vacancy rate for homeowner housing went down 0.9 percentage points this year.
Radco Cos. Acquires Receiver-Managed Property for $16.5M
The RADCO Companies has announced the acquisition of the Lakewood Lodge multifamily community in northern Indianapolis. The Atlanta-based company purchased the 454-unit property from its lender, the Lehman estate for $16.5 million.
Shanghai Greenland to Buy Stake in M-U Downtown LA Project, Invest $1B
China-based Shanghai Greenland Group will acquire an interest in Metropolis from CalSTRS and invest $1 billion in the project, which is entitled for nearly 1.7 million square feet of mixed-use development.
Economy Watch Weekly: New Home Prices Rise, Values Edge Up in Several Markets
CPE’s economic analyst, Dees Stribling, gives his update for the week ending July 26.
Cobalt Sells 1.4 MSF Dallas Industrial Portfolio
Cobalt Capital Partners, advisor to Cobalt Industrial REIT, has sold a 14-building, 1.4 million-square-foot industrial portfolio in Dallas to a Greenfield Partners investment fund.
CPE 100 Quarterly Sentiment Survey: A Bubble is Forming, but Status Quo Prevails for Now
According to the midyear CPE 100 Quarterly Sentiment Survey, a bubble is forming in commercial real estate, spearheaded by multi-family demand.
$3B Merger Saves Saks, Gives Canadian Co. Greater Growth in U.S.
Combined companies Saks Inc. and Hudson’s Bay will operate 320 stores, and possibly create a REIT.
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