Caesars Entertainment Corp. has signed an agreement to sell the Rio All-Suite Hotel & Casino in Las Vegas to a company controlled by a principal of Imperial Cos. for $516.3 million.
Mesa West Capital has provided affiliates of Equus Capital Partners with $72.1 million in short-term debt for the acquisition, repositioning and stabilization of Legacy Place, a 300,000-square-foot office campus in Plano, Texas.
Senior Lifestyle, a privately held, owner-operator and developer of senior housing community, with its partner Kaufman Jacobs, a Chicago-based privately held real estate investment firm, has begun construction on The Sheridan at Oak Brook in Oak Brook, Ill.
Austin is the top city for real estate investment, rising from sixth place a year ago to first in overall real estate prospects and from fourth to first place in local expectation of investor demand in 2020, according to the Emerging Trends in Real Estate report by PricewaterhouseCoopers and the Urban Land Institute.
Sentinel Real Estate Group, an Irvine, California-based commercial real estate development company, has announced a merger with Paragon International to form a new company.
As concerns about geopolitics, demographics and climate change rise, the attention of citizens, businesses, investors and policymakers is turning toward the broader set of issues that cities face, according to JLL’s Demand and Disruption in Global Cities 2019 report.
Veritas Investments, one of the largest operators of multifamily, urban retail and mixed-use properties in the San Francisco Bay Area, has added to the firm’s leadership ranks with the appointment of Jeff Jerden to the position of COO.
University Communities has paid $38.8 million for a pair of apartment buildings near N.C. State’s North Campus in Raleigh, reported Triangle Business Journal.
Privately held family office Menashe Properties has acquired the historic Medical Dental Building, an approximately 300,000-square-foot, office/medical building located in the dynamic Seattle central business district.
Mesa West Capital has provided the joint venture of High Street Realty Co. and Angelo Gordon with $32.1 million in short-term, first-mortgage debt for the acquisition, stabilization and rebranding of I-355 Industrial Center, a 611,576-square-foot warehouse and distribution facility in Lockport, Ill.
Lonicera Partners, Orange Management and The Davis Cos. have recently topped out their new condo located at 76 Schermerhorn Street, at the crux of Brooklyn Heights and downtown Brooklyn.
A partnership between LPC West, the West Coast operating company of Lincoln Property Co., and a private equity real estate fund advised by Crow Holdings Capital acquired roughly 174,000 square feet of industrial buildings in San Diego.
Investors may want to target retail centers with experience-focused tenants, such as restaurants, showrooms, event space and activities, according to MetLife Investment Management in its white paper, “A New Dawn in Retail.”
Rockpoint Group has agreed to pay $310 million for 5900 Wilshire, a 493,000-square-foot office building in the Miracle Mile neighborhood of Los Angeles.
Accesso Partners, a vertically integrated commercial real estate investment manager, has expanded its investment and asset management team with one hire and two promotions.
Ascentris has purchased The Hub and The Nexus, two six-story office buildings totaling 312,000 square feet that include two free-standing parking structures, located in Charlotte, N.C.