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Marriott International leads U.S. hotel construction pipeline

by Andrea Zander | Aug 6, 2019

The franchise companies leading the United States hotel construction pipeline are Marriott International with 1,469 projects/193,458 rooms, up 9 percent by projects and rooms year-over-year, according to Lodging Econometrics (LE).

Gaw acquires Hollywood shopping center

by Andrea Zander | Aug 6, 2019

DJM, a San Jose, Calif.–based private equity real estate and development firm, and Gaw Capital USA, a Hong Kong– and Los Angeles–based real estate private equity firm, announced the acquisition of Hollywood & Highland in Hollywood, Calif., one of the country’s busiest and most acclaimed shopping centers.

Joint venture acquires Kansas City Marriott asset

by Released | Aug 5, 2019

Officials of a joint venture comprised of Wexford Lodging Advisors, a leading hotel investment and asset management firm, and Trinity Private Equity Group, one of the nation’s top alternative investment firms, have acquired the 398-room Marriott Kansas City Overland Park.

Spirit MTA REIT to sell assets for $2.4b

by Released | Aug 5, 2019

Spirit MTA REIT, a net-lease REIT headquartered in Dallas, has agreed to sell its owned properties held in the company’s Master Trust 2014 and three assets presently owned by Spirit Realty Capital, Inc. to Hospitality Properties Trust for $2.4 billion.

Tech companies continue growth in Austin’s office market

by Released | Aug 2, 2019

Austin’s office market continues to expand at an unprecedented pace, led by significant corporate expansions and hiring coupled with significant organic growth, according to Colliers International. Technology companies continue to be the primary driver of Austin growth.

U.S. employers added 164,000 jobs in July

by Released | Aug 2, 2019

Total nonfarm payroll employment rose by 164,000 in July, in line with average employment growth in the first six months of the year, reported the U.S. Bureau of Labor Statistics.

Bentall Kennedy to sell San Francisco office for $330m

by Released | Aug 1, 2019

ARK, the global real estate investment and management platform of WeWork, is in talks to acquiring 600 California St., a 20-story, class A office building in San Francisco, from Bentall Kennedy for a reported $330 million, according to media reports.

BLG Capital JV buys Beverly Hills development site for $130m

by Released | Aug 1, 2019

In May, a joint venture led by SHVO, Bilgili Group and Deutsche Finance announced the purchase of 9200 Wilshire Blvd., a fully entitled residential and retail development site adjacent to the prestigious Golden Triangle in Beverly Hills, Calif.
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