News
HEI Acquires Sheraton Dallas North Out of Foreclosure
HEI Hotels & Resorts has acquired the 309-room Sheraton Dallas North out of REO, directly from a lender that foreclosed on the property. It is not the only upscale hotel to have faced foreclosure recently in the Dallas-Fort Worth area, nor in fact the only Sheraton to be bought out of foreclosure in Texas recently.
Las Vegas’ Lights Aren’t Shining So Bright
By Alex Girda, Associate Editor
Las Vegas is definitely one of the nation’s most troubled real estate markets these days; a recent report indicates that one-third of the home sales in the city during the first quarter of 2011 were for […]
Denver Healthcare Aims High
By Alex Girda, Associate Editor
Denver real estate news surfaced this past week, and the signs point towards important changes in how the city will develop going forward. Exempla Saint Joseph Hospital’s project for a new replacement facility has been making […]
Orlando Gets New Arts Center, New Training Facility
By Georgiana Mihaila, Associate Editor
Orlando may soon become home to two highly ambitious and expensive projects. Dr. Phillips Center for the Performing Arts is once again a subject of debate as the May 23 deadline to break ground on the […]
Economy Watch: Housing Starts, Debt Ceiling
Few expected housing starts to shine in April, and according to the U.S. Department of Commerce, the homebuilding industry delivered on promises of woe.
Philadelphia Landmarks Undergo Renovation
By Veronica Grecu, Associate Editor
A newly restored apartment building for seniors was opened last week in Philadelphia. The 52,248-square-foot historic Presser building was originally commissioned by sheet music publisher and philanthropist Theodore Presser for retired teachers who had dedicated their entire lives […]
Signs of Hope in Some Detroit Neighborhoods
By Veronica Grecu, Associate Editor
One month after a census confirms that Detroit continues to face an exodus, the city’s population shows few signs of growth. Despite the fact that local officials are rejecting the census results, claiming that thousands of […]
DiamondRock to Shell Out $335M for Radisson Lexington Hotel
The lodging REIT signed on the dotted line of an agreement to acquire the 712-room room property from Lexington Hotel L.L.C., a partnership involving The Blackstone Group L.P., Whitehall Street Real Estate L.P. XII and Goldman Sachs.
CT Realty Disposes of SoCal Portfolio for $30M
The portfolio featured mutliple residential, industrial and officer properties that CT purchased in 2009 and 2010 through several senior loan pool acquisitions. It comprises 140,000 square feet.
New Avison Young HQ Embraces Sustainability
Starting the second quarter of 2012, Toronto’s Pricewaterhousecoopers Tower at Southcore Financial Centre will become home to Canada’s largest independently owned commercial real estate services firm.