Apple Hospitality REIT buys two Hyatt hotels in Tempe, Arizona
Apple Hospitality REIT said it has acquired the new 105-room Hyatt House and 154-room Hyatt Place in Tempe, Arizona for $64.6 million.
“We are pleased...
Papa John’s signs deal to open 49 new stores in Philadelphia area
Papa John’s has signed a store development agreement to expand in the Philadelphia area, according to a press release. Under the agreement, HB Restaurant...
Columbia, Allianz announce JV for San Francisco office building
Columbia Property Trust, Inc. and Allianz Real Estate have formed a joint venture to recapitalize 221 Main Street, an office building in San Francisco....
H.I.G. Realty Partners originates $48.7m loan for Los Angeles office complex
H.I.G. Capital's affiliate H.I.G. Realty Partners has originated a $48.7 million loan to finance the redevelopment of Expo 3, a 94,000 square foot creative...
Vantage Data Centers raises $1.25bn equity from Digital Colony
Vantage Data Centers, a provider of hyperscale data center campuses, announced that it has raised US$1.25 billion in incremental equity capital from its existing...
NPS, Hines form $1.5bn build-to-core venture
The National Pension Service of Korea (NPS) and Hines have formed a new build-to-core venture to capture evolving demands of modern spaces across real...
U.S. Steel sells non-core real estate asset for $160m
United States Steel Corporation (U.S. Steel) announced that it has closed on the sale of its non-core real estate asset, the Keystone Industrial Port...
CBRE GI acquires 1.35 msf industrial portfolio in Aberdeen, Maryland
CBRE Global Investors managed fund has acquired a 1,347,800-square-foot industrial portfolio in Aberdeen, Maryland. The purchase price was not disclosed.
Located 40 minutes northeast of...
CRE Herald’s 10 most read real estate news stories in January
CRE Herald's 10 most read global commercial real estate (CRE) market news stories for the month.
Cushman & Wakefield cuts ties with Trump Organization
Cushman & Wakefield,...
Michelin-leased distribution facility in Chicago sells for $135m
Bahrain-based investment firm GFH Financial Group has acquired a distribution facility in Chicago, Illinois for US$135 million.
The real estate asset has been leased since...
Lennar forms $4bn single family rental platform
Lennar Corporation has formed a single family rental platform, the Upward America Venture.
The business will initially be capitalized with a total equity commitment of $1.25...
TA Associates sells its funds’ ownership interest in Exeter to EQT
Private equity firm TA Associates said Tuesday it has sold its funds’ ownership interest in Exeter Property Group to EQT AB (EQT).
''The $1.87...
