Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston. Healthpeak Properties Inc. is developing the five-story property at 7500 Fannin St. It already is 36 percent preleased and will include a parking garage that's being built ...
Taubman Centers Inc. said Simon Property Group's termination of its acquisition agreement was "invalid and without merit." Simon, an Indianapolis REIT, earlier today had announced that it was calling off its agreement to buy Taubman, of Bloomfield Hills, Mich., as the ...
Commercial Real Estate Direct Staff Report Simon Property Group has terminated its agreement to buy Taubman Centers Inc., arguing that the Bloomfield Hills, Mich., REIT had suffered a material adverse event and breached the merger agreement. The Indianapolis mall giant ...
CoStar Group has agreed to pay $190 million in cash for Ten-X's commercial property online-sales platform. The Washington, D.C., data and research provider said it expected its purchase to be completed in the third quarter. The Ten-X commercial platform ...
Wall Street Journal Blackstone Group and Starwood Capital Group have acquired stakes in Extended Stay America, which operates 632 hotels in the United States. Blackstone purchased a 4.9 percent stake, while Starwood bought an 8.5 percent interest. In 2004, Blackstone acquired ...
Commercial Real Estate Direct Staff Report Prologis Inc.'s $12.6 billion purchase of Liberty Property Trust, which was completed in February, drove first-quarter investment property sales to $125.6 billion, up 11 percent from the same period a year ago, according to Real ...
USAA has sold a controlling stake in its USAA Real Estate investment management arm to the unit's managers, who have teamed with Paxion Capital of Menlo Park, Calif. The unit will continue to manage USAA's real estate assets. Len O'Donnell, ...
NexPoint Hospitality Trust, which last July had reached an agreement to buy Condor Hospitality Trust Inc. in a deal valued at $318 million, hasn't yet completed its purchase. Condor, a Bethesda, Md., company that owns 15 select-service and extended-stay hotels ...
Commercial Real Estate Direct Staff Report Rizk Ventures LLC, which in December had entered into talks to acquired Mack-Cali Realty Corp., says it is no longer interested in buying the Jersey City, N.J., REIT. The New York company, which is ...
Commercial Real Estate Direct Staff Report Two former KBS Strategic Opportunity REITs have agreed to merge, resulting in a company that would own 12 office properties with 5 million square feet, two hotels, two apartment properties, 993 single-family rental properties ...
The Real Deal Colony Capital Inc. has sold its 27.2 percent stake in RXR Realty, a New York real estate firm. Dyal Capital Partners, a New York investment firm and affiliate of Neuberger Berman, bought the stake for an undisclosed ...
Commercial Real Estate Direct Staff Report Simon Property Group has agreed to acquire an 80 percent stake in Taubman Realty Group in a deal that values the company at about $4.6 billion. The Indianapolis REIT is paying $52.50/share for all ...
W.P. Carey Inc. and Watermark Capital Partners are merging two non-traded REITs they sponsor. The move, which is subject to shareholder approval, would create a company, Watermark Lodging Trust, that would own 33 full-service hotels with 9,658 rooms in some ...
Commercial Real Estate Direct Staff Report Greystone & Co. has confirmed that it has purchased C-III Asset Management, giving it one of the commercial mortgage sector's most active special servicing operations. The acquisition gives Greystone, a New York lender best ...
Greystone & Co. is said to be in talks to buy C-III Asset Management, which would instantly give it the chops needed to meet a target it set last year: the pursuit of CMBS B-piece investments and special servicing assignments.
Broad Street Realty LLC has completed the first leg of its merger with MedAmerica Properties, a shell company whose shares are publicly listed. The merger gives investors in Broad Street, a Maryland syndicator, liquidity and another avenue for raising fresh ...
ORIX Real Estate Capital has agreed to acquire Hunt Real Estate Capital, creating a company with a combined annual loan-origination volume of more than $9 billion and a loan-serving portfolio of more than $41 billion. The deal is expected to ...
Michael Ashner, a long-time opportunistic investor who took equity positions in at least a couple of public REITs that eventually launched liquidation efforts, has been named to the board of CBL & Associates Properties Inc. Also joining the Chattanooga, Tenn., ...
Avison Young has acquired McKinney Advisory Group, a San Diego property brokerage and management firm, expanding its physical presence in that city. McKinney, which was founded nine years ago and is led by Damian McKinney, has been rebranded as Avison ...
CoStar Group has agreed to buy STR for $450 million in cash, instantly giving it muscle in the hotel data business. STR, founded in 1985 as Smith Travel Research, collects performance data - occupancy, average room rates and revenue per ...
NexPoint Hospitality Trust has agreed to buy Condor Hospitality Trust Inc., which would give it 15 select-service and extended-stay hotels with 1,908 rooms, more than doubling the size of its portfolio. NexPoint is one of two REITs managed by Highland ...
Jones Lang LaSalle Inc., more commonly referred to as JLL, has completed its $1.8 billion purchase of rival HFF for a combination of shares and cash. The company - HFF's name and stock has been retired - paid $24.63 in ...
Real Capital Analytics, a blue-chip commercial real estate data company, has raised $115 million from Susquehanna Growth Equity, allowing it to buy out a stake held by Daily Mail and General Trust PLC, which had invested in the company in ...
Commercial Real Estate Direct Staff Report Morningstar Inc. has agreed to acquire credit ratings agency DBRS Inc. for $669 million in a deal that will significantly expand Morningstar's bond rating business. The Chicago company is buying DBRS from a venture ...
Commercial Real Estate Direct Staff Report A venture of Guggenheim Investments and Singapore's Temasek Holdings investment company is said to be in talks to buy the Eastdil Secured property brokerage firm from Wells Fargo & Co., according to a report ...
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© 2023 Commercial Real Estate Direct All rights reserved.