Hyatt Acquires Standard Hotel Brands in $335M Deal
WEBAug 21, 2024 · The company secured $65 million of acquisition financing in February 2023 for its purchase of the boutique hotel, Commercial Observer previously reported. Isabelle Durso can be reached at [email protected]. Hyatt Hotels Corporation will acquire Standard International's major hotel brands in …
About - Commercial Observer
WEBCommercial Observer is the leading commercial real estate media company. Commercial Observer’s content, events and platforms connect and inform industry participants of key trends and people defining the global real estate landscape. Commercial Observer reaches the most active owner/developers; leasing, sales and retail brokers; mortgage ...
J.P. Morgan, Tyko Capital Provide Nearly $1.2B in Financing for …
WEBAug 16, 2024 · J.P. Morgan Chase and Tyko Capital have teamed to provide nearly $1.2 billion in financing for the new owners of the luxury towers at One High Line, a project formerly owned by developer HFZ Capital Group.. Developers Witkoff, Access Industries and Monroe Capital bought the site, formerly known as The XI, out of foreclosure for $900 million in 2021 and are using the lenders’ refinancing to ...
Reliable Properties Pays $20M to Complete L.A. Retail Assemblage
WEBAug 12, 2024 · An investment firm that focuses largely on grocery-anchored shopping centers has acquired another asset as part of a larger assemblage in Los Angeles’ Los Feliz neighborhood.. Reliable Properties acquired the Barnsdall Square Shopping Center at the corner of Hollywood Boulevard and Vermont Avenue for $20.1 million, records show. This comes after the company assembled the remaining portions ...
Sam Seiler Returning to CBRE After Six-Year Stint at JLL
WEBSep 6, 2024 · Sam Seiler is returning to the brokerage from whence he came. The office broker, who spent the last six years as an executive managing director at JLL (JLL), is returning to CBRE (CBRE) with the title of executive vice president of of advisory and transaction services, according to CBRE. SEE ALSO: Equinix Set …
Developers Plan Massive Hollywood Apartment Complex Instead …
WEBSep 6, 2024 · The developers behind the CMNTY Culture Campus project in Hollywood are reportedly switching up its design plans from office to residential amid stubbornly high office vacancy rates in Los Angeles.. The project sits at the prominent intersection of Sunset Boulevard and Highland Avenue. Updated plans filed with the city call for a pair of residential buildings, 34 and 38 stories tall, totaling ...
Vanderbilt University Pitches $520M Campus In West Palm Beach
WEBAug 15, 2024 · It’s official: Vanderbilt University, one of the nation’s best-ranked higher ed institutions, wants to build a $520 million campus in West Palm Beach, Fla. The 300,000-square-foot campus would house 1,000 students, according to a filing to Palm Beach County and West Palm Beach. Plans call for the construction of a main academic building, student housing, and a parking garage.
Five Big DC-Area Commercial Real Estate Projects in the Pipeline …
WEBDec 21, 2020 · Like elsewhere in the U.S., commercial real estate development in the Washington, D.C., area slowed dramatically in 2020 due largely to the coronavirus pandemic. It’s expected to be slow in 2021, too, compared with previous years (and even with a new administration coming to town).Still, there are some prominent projects in the pipeline that are on track to deliver next year.
LA’s Third-Tallest Building Sells for 45% Less Than Its Last Price
WEBDec 23, 2023 · The third-tallest building in Los Angeles — the 62-story Aon Center — has traded hands for a huge discount amid the historic decline in demand for traditional office real estate.. Shorenstein sold the 1.1 million-square-foot office tower for $147.8 million, marking the largest post-pandemic office sale in Downtown Los Angeles and the only tower to trade over one million square feet since ...
On Fire: Miami Industrial Market Sets New Records
WEBJan 27, 2022 · Landlords across South Florida boosted rents by $1 to $3 per square foot during 2021. One crucial factor was absorption. The Miami-Dade industrial market absorbed 7.8 million square feet for the year, easily outpacing the previous record of 4.3 million square feet of absorption, set in 2015. More than a third of the market-wide absorption ...