Regions
HFF Closes $107M Sale of Office Portfolio in Boston’s Seaport District
HFF has been involved with another multimillion-dollar deal in Boston’s Seaport District, an up-and-coming area along the South Boston waterfront, with the $107 million sale of a four-property portfolio to DivcoWest Properties.
Equity Residential Partners with AvalonBay on $16B Archstone Purchase
In an SEC filing, AvalonBay estimates the weighted average capitalization rate for the combined Archstone portfolio to be in the high 4 percent range.
New York’s Plaza Hotel New Owner Plans Additional Upgrades
“The seller had finished off a positioning of the property and had just finished off a retail level on the lower level,” Greg Rice, Solid Rock’s president, told Commercial Property Executive .
Carlton Arranges $324M Recapitalization for Four Seasons Hotel Milan
Carlton Group has orchestrated a $324 million financing package deal for the Four Seasons Hotel Milan in Italy for the recapitalization of the 118-room luxury hotel and a discounted loan payoff.
Renaissance Centro Breaks Ground on 360-Unit Apartment Community in Reston, Va.
Renaissance Centro has begun construction on Parc Reston, a planned 360-unit multi-family property in Reston, Va., which also features two penthouse levels with views to Tysons and the Blue Ridge Mountains.
Yoma Strategic to Purchase 80 Percent Stake in 2 MSF M-U Development in Yangon
Yoma Strategic Holdings entered into a sale and purchase agreement with Serge Pun & Associates Limited to acquire rights to participate in the development of about 10 acres of land in downtown Yangon, Myanmar.
Black Friday Spending Soars Due to Early Store Openings, Mobile Device Shopping
This year, several major retailers across the United States started the holiday shopping season several hours ahead of the traditional Black Friday frenzy.
Indian Hospitality Market Set For A Boom: Two Brands Announce Massive Expansion Plans
India is set to see quite an increase in its hospitality industry after a number of properties were announced and a new venue just held its grand opening.
Retail Properties of America Sells Aon Hewitt Property in Ill. for $148M
Retail Properties of America has sold the Aon Hewitt property, an 818,686-square-foot office property in Lincolnshire, Ill., for $148 million to an unidentified buyer.
Australian Lend Lease to Redevelop $2B Project in the ‘Elephant & Castle’ Area of London
Sydney, Australia-based Lend Lease Group has been granted planning permission from the Southwark Council for a redevelopment project that will feature 284 new homes in the Elephant & Castle area of London.