Regions
Wyndham to Open First Upscale Hotel in Kenya
New Jersey-based Wyndham Hotels and Resorts, a subsidiary of Wyndham Worldwide recently signed a management agreement for its first upscale hospitality property in Africa
Brookfield Places Winning Bid for Atlantic City’s Bankrupt Revel
It looks like Atlantic City is back to having nine casinos. Brookfield Asset Management came out on top of Tuesday’s auction of the long-troubled hotel and casino Revel Atlantic City.
Cornerstone Grabs 368-Unit M-F Community in Stamford, Conn.
Cornerstone Apartments Property Owner has acquired Cornerstone at Bedford, a 13-story apartment community in Stamford, Conn., for $75 million from Fairfield Bedford.
Tishman JV Buys Historic Midtown South Building
A joint venture between Tishman Speyer and The Cogswell-Lee Development Group has purchased 183 Madison Ave., an Art Deco office building in Manhattan’s Midtown South office district.
Durst JV Invests $1.5B in Astoria, Queens
Best known for developing and managing Manhattan office towers, The Durst Organization is investing $1.5 billion in a residential and retail development at Hallets Point on the Astoria, Queens, waterfront.
John Hancock Buys Office Tower in Chicago’s CBD
John Hancock Real Estate has acquired 55 W. Monroe, an 804,214-square-foot Class A office building located in Chicago’s Central Business District’s Central Loop.
International: Marriott, Hotecapsa to Develop Guayaquil Hotel in 2016
Ecuador ‘s largest and most populous city is set to get a brand new Marriott-operated hotel in two years, according to the hotel chain.
Capp Industries Taps Opus to Build Spec Warehouse in Suburban Minneapolis
Confidence is building in suburban Minneapolis’ industrial sector and Capp Industries is making a move to capitalize on the improving conditions.
DDR Sells Shopping Center Portfolio in Utah for $223M
In an off-market transaction worth $223 million, DDR Corp. has sold to Excel Trust a portfolio of three shopping centers in the Salt Lake City area.
INTERNATIONAL: AMP, Billbergia Sell Landmark Site in Brisbane
AMP Capital Select Property Portfolio No.3 (SPP3) and Billbergia have agreed to sell part of the former Vision tower site in Brisbane’s CBD to the owner of Felicity Hotel Group, which plans to develop a five-star hotel on the property.