Blackstone agrees to $4.8b LaSalle Hotel deal by Andrea Zander | May 21, 2018 Affiliates of Blackstone Real Estate Partners VIII, managed by Blackstone Group, have plans to purchase U.S. hotel owner LaSalle Hotel Properties in an all-cash transaction valued at $4.8 billion.
Failure to invest in U.S. public transit results in $340b loss by Released | May 18, 2018 The American Public Transportation Association, for example, released a new report that highlighted the dramatic need to reinvest in rail systems.
Billionaire Tom Steyer gets Michigan renewable-energy deal by Andrea Zander | May 18, 2018 Michigan utility companies DTE Energy and Consumers Energy have struck a deal with billionaire environmentalist Tom Steyer to produce cleaner energy in Michigan, targeting at least a 50 percent Clean Energy Goal by 2030 in exchange for Steyer dropping his pursuit of a voter-imposed law.
The Swig Co. announces new CEO by Released | May 18, 2018 Jim Carbone has been selected to become the next CEO of The Swig Co., a privately held San Francisco–based real estate investment company.
Proposed mega-mall in Miami wins approval from county commissioners by Andrea Zander | May 18, 2018 The Miami-Dade County Commission approved the development of the $4 billion mega-mall American Dream Miami, which promises to be the largest mall in North America.
Paradigm Financial Partners established as new RIA by Released | May 17, 2018 Lee Rawiszer, managing principal of Paradigm Financial Partners, announced that the firm is now established as an independent, SEC Registered Investment Advisory firm.
RocaPoint Partners to lead $1b mixed-use redevelopment in South Carolina by Andrea Zander | May 17, 2018 Greenville County (S.C.) Council has approved a new $1 billion shopping-working-residential neighborhood for Greenville’s West End.
U.S. office investment remains selective in Q1 2018, with off-market deals boosting activity by Jody Barhanovich | May 17, 2018 Despite the length of this expansionary cycle, the U.S. economic outlook continues to be favorable, according to JLL research.
J.P. Morgan names Tom Klugherz executive director Americas by Released | May 16, 2018 J.P. Morgan Asset Management has appointed Tom Klugherz as executive director for J.P. Morgan Global Alternative’s real estate Americas platform.
Capital Square 1031 acquires medical office buildings portfolio by Released | May 16, 2018 Capital Square 1031 has acquired a portfolio of nine medical office buildings located in five states. Each property is 100 percent leased to Fresenius Medical Care, a provider of dialysis services and products.
iPipeline launches InsureSight Analytics by Released | May 16, 2018 iPipeline® announced Premier Brokerage Services, a national insurance brokerage firm, has selected InsureSight® Analytics to evaluate organizational and industry performance.
RREEF Property Trust appoints Julianna Ingersoll as president and CEO by Released | May 15, 2018 RREEF Property Trust, a publicly registered, daily NAV REIT managed by DWS Group GmbH & Co. KGaA, has appointed Julianna Ingersoll as its new president and CEO.
$1.5b mixed-use project to be developed in Miami by Andrea Zander | May 15, 2018 Construction on the $1.5 billion, urban-styled Metropica complex in the Ft. Lauderdale suburb of Sunrise, Fla., is under way, according to Miami Curbed.
CatchMark partnership buys East Texas timberlands for $1.39b by Jody Barhanovich | May 15, 2018 CatchMark Timber Trust, Inc., has agreed to acquire 1.1 million acres of East Texas timberlands for approximately $1.39 billion.
H&R REIT to sell $633m U.S. retail portfolio by Andrea Zander | May 15, 2018 H&R Real Estate Investment Trust has entered into an agreement to sell 63 retail properties in the United States for $633 million.
