Regions
Looking to Downsize, National Trust to Sell DC HQ to AEI
The American Enterprise Institute and the National Trust for Historic Preservation have completed a purchase and sale agreement for the latter’s long-time headquarters building at 1785 Massachusetts Ave. NW., in Washington, D.C.’s Dupont Circle neighborhood.
Luxury Twin Towers Planned for Australia’s Top Investment Suburb
A new iconic twin tower development project is planned by Sydney-based Australian and Japanese trust fund Galileo in South Brisbane.
Hines Picks Up Mercedes-Benz Bank Building in Germany
International real estate firm Hines purchased the Mercedes-Benz Bank Building in Stuttgart, Germany, for a reported $70 million.
Multi Corporation Investing $950M in Turkish Retail Market
In preparation for the upcoming international real estate show (MIPIM), Multi Corporation has arranged a presentation including its ramped up investments in the Turkish retail market.
Marriott to Build Courtyard Hotel in Lima
Marriott International is set to expand its operations in the South American state of Peru with a brand new Courtyard by Marriott Hotel location in Lima, the country’s third largest city.
Hotel’s Conversion from Sahara to SLS Las Vegas Finally Starts
Las Vegas’ Sahara Hotel & Casino, which closed in 2011 after decades as a Sin City icon, is finally beginning its transformation into the SLS Las Vegas.
Rubenstein Acquires 500 KSF Boston-Metro Office Portfolio
Rubenstein Partners purchased CenterPoint, a 500,000-square-foot office park in Waltham, Mass., for $68 million in a JV partnership with Saracen Properties.
Loews Buys Boston’s 225-Room Back Bay Hotel for $84M
Continuing its mission to expand its presence in gateway cities and leading resort markets over the next five years, Loews Hotels & Resorts has acquired The Back Bay Hotel, an iconic 225-room lodging property in Boston.
CenterPoint Properties Buys 1 MSF B&N Distribution Center in NJ
CenterPoint Properties has purchased Barnes & Noble’s 1.15 million-square-foot primary distribution facility located in Monroe Twp., N.J., for $83 million from a pension fund advisory firm.
KKR to Invest $150M of Equity in Sentio Healthcare
Kohlberg Kravis Roberts & Co. is providing $150 million of equity to Sentio Healthcare Properties, a REIT that invests in seniors housing and medical facilities, to help it grow its portfolio.