News
Richfield Hospitality Plans Aggressive Expansion
Hotel management company Richfield Hospitality on Friday announced a major new growth strategy designed to aggressively expand its core third-party management business.
Marcus & Millichap Lists Southern California Mobile Home Park for $44.5M
A tumultuous relationship between the city of Poway, Calif., and the mobile home park it owns may come to an end should the park sell – particularly if it sells to its residents.
Economy Watch: Existing Home Sales, Prices Up in Some Places
Existing home sales and prices both bumped upward in some, but hardly all, U.S. metro markets in 4Q09, according to the National Association of Realtors in a report on Thursday.
One Hudson Square to Welcome New 115,000-SF Tenant
With anemic occupancy levels still plaguing Manhattan, Horizon Media Inc.’s lease of 115,000 square feet of office space in the million-square-foot building at One Hudson Square in Midtown South is no small affair.
JLL: Positive Signs Don’t Yet Equal Solid Recovery
The fourth quarter 2009 may have brought some positive indications for real estate recovery, but global real estate services firm Jones Lang LaSalle has one warning for wearers of rose-colored glasses: Not so fast.
Economy Watch: Ceridian Unveils New Economic Index Based on Trucking Fuel Data
There’s a new kid in town in terms of economic measurements: the Ceridian-UCLA Pulse of Commerce Index. It was released to the public for the first time on Wednesday by the University of California-Los Angeles Anderson School of Management.
Foreign Investment Fund to Acquire $1B in U.S. Retail Properties
Elbit Plaza USA L.P., a joint venture of Tel Aviv-based Elbit Imaging Ltd. and Amsterdam-based Plaza Centers N.V., have entered into an agreement with New York City-headquartered NCH Capital Inc.’s Eastgate Property L.L.C. subsidiary to form a real estate fund that will target retail properties across the continental United States.
Inland American Makes Quartet of Acquisitions for $154M
Maryland-based REIT Inland American continues to add to its diversified portfolio. The company on Wednesday announced that it recently completed the purchase of four properties totaling approximately $154 million.
NHP Acquires Southern California Medical Office Building for $74M
Nationwide Health Properties Inc. (NHP) has recouped a mortgage loan on the Pomerado Outpatient Pavilion in Poway, Calif., with the acquisition of the property from Pacific Medical Buildings L.L.C (PacMed) in a transaction valued at $74 million.
Economy Watch: Bailout for Greece
It may not be pleasant to contemplate the bailout of an entire nation–Greece, of course–but at least the U.S. Treasury isn’t expected to foot the bill on this one. Rather, “Europe” is going to take on the job, which is to say Germany, with other euro-zone nations along for the ride.