DiamondRock sells hotel in New York City for $185m
DiamondRock Hospitality Company has completed the sale of the 725-room Lexington Hotel in New York City for $185.3 million.
Including the company's projected capital expenditures, the sale price...
Boston Properties acquires office property in Midtown South for $300m
Boston Properties (BXP) has agreed to acquire 360 Park Avenue South, a 20 story office property located at the southwest corner of Park Avenue...
Monmouth gets revised acquisition proposal from Starwood
Monmouth Real Estate Investment Corporation on Thursday confirmed it has received a revised, unsolicited acquisition proposal from Starwood Capital Group.
Under the terms of Starwood’s...
KKR to sell Riata Corporate Park in Austin for over $300m
KKR has agreed to sell Riata Corporate Park to a global institutional investor in a deal valued at over $300 million.
Riata Corporate Park is an eight...
PGIM Real Estate provides $250m in financing for logistics portfolio
PGIM Real Estate has provided $250 million in fixed-rate debt to GLP Capital Partners LP (GCP) for the financing of a five state, five...
Greystar starts construction on first Chicago development
Greystar has started construction on its first high-rise development project at 166 N. Aberdeen Street in downtown Chicago.
The new building will include 223 apartments in...
CubeSmart to buy Storage West platform for $1.69bn
CubeSmart has agreed to acquire 100% of the outstanding partnership units of LAACO, the owner of the Storage West platform for approximately $1.69 billion.
The...
Oxford, EverWest establish $1bn US infill industrial joint venture
Oxford Properties Group has established a joint venture with EverWest Real Estate Investors to invest in U.S. infill industrial properties.
Oxford and EverWest will...
Bridge Industrial, PSP Investments form $550m US warehouse JV
Bridge Industrial and Canada's Public Sector Pension Investment Board (PSP Investments) has established a new joint venture to develop best-in-class modern warehousing in urban...
URW sells Promenade development site in Los Angeles
Unibail-Rodamco-Westfield (URW) has sold the 34-acre site of the former Promenade Mall, located in the San Fernando Valley of Los Angeles, to a group...
Brookfield to buy Watermark Lodging Trust for $3.8bn
Brookfield Asset Management is acquiring Watermark Lodging Trust, a self-managed non-traded real estate investment trust(REIT) with a portfolio of lodging assets, for $3.8 billion.
Watermark Lodging...
Tishman Speyer sells Meta-leased office campus in California
Tishman Speyer has sold the Sunnyvale office campus in California to CommonWealth Partners.
CommonWealth Partners, a Los Angeles-based real estate investment firm, paid $707 million for the Silicon Valley office...
