Regions
Hines Global REIT Acquires Two Overseas Properties for $215M
Hines Global REIT spent more than $215 million on two office properties in the past week, one in London and the other in Sydney, as it continues to expand its international portfolio.
Concord Hospitality to Construct 182-Room Cambria Suites in Nation’s Capital
Choice Hotels International has taken its Cambria Suites in Washington, D.C., project skyward, marking a big step in the $40 million development of the Silver Spring, Md.-based company’s first Cambria Suites property in its own backyard.
MIPIM Special Report: $460M Beirut Terraces Possible First Lebanese Global Award Winner
With MIPIM 2013 just around the corner, nominees of the nine categories of the MIPIM Awards are abuzz with anticipation.
Piedmont Acquires 334 KSF Office Building for $176M
Piedmont Office Realty Trust boosted its Washington, D.C., area portfolio this week by acquiring Arlington Gateway, a 12-story, Class A office property and one of the top buildings in the Rosslyn-Ballston corridor, for $176 million.
Starwood Moves Global HQ to Dubai for One-Month Immersion
As of Sunday, about 10 top executives of Starwood Hotels and Resorts Worldwide, including president & CEO Frits van Paasschen, began a month-long relocation of the company’s global headquarters from Stamford, Conn., to Dubai.
Clarion Partners Sells SF Office Tower for $100M
Clarion Partners has completed the sale of 100 Spear St., a Class A, LEED Gold office tower in the heart of San Francisco’s Central Business District for $100 million.
Hines Acquires Archstone Enterprises’ Interest in CityCenterDC Project
Hines has acquired Archstone Enterprises’ ownership interest in the two companies’ CityCenterDC mixed-use project, currently under construction in downtown Washington, D.C.
Financing the Largest FHA 221(d)(4) in Texas
Bud Malone, CEO of Mortgages USA, describes how he was able to take on a loan that other lenders had declined.
Law Firm to Occupy 165 KSF in New Bay Adelaide Tower
Borden Ladner Gervais, a full-service law firm, will be occupying 165,000 square feet of office space in Bay Adelaide Center’s East tower, slated to open in 2015.
Canadian REIT Enters U.S., Buying Kansas-Based Lodging Enterprises
American Hotel Income Properties REIT, led by Canadian hotel veteran Rob O’Neill, has made its first acquisition in the U.S., purchasing Lodging Enterprises, a chain with 32 hotels in 19 states.