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Starwood Launches New Hotel Brand as Supply Ramps Up in Extended Stay Segment

Barry Sternlicht’s Starwood Capital Group this week launched Uptown Suites, an upscale take on Starwood's InTown Suites extended-stay brand, opening its first property in Concord, NC, with plans to o.....»»

Category: realestateSource: COSTAR22 hr. 8 min. ago Related News

Office Lease Up (April 24) Caterpillar Bucks Trend, Selects Suburbs for HQ Location Over Downtown Chicago

Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) announced Wednesday it will relocate to Chicago's suburbs, opting to move its global headquarters to the northern Chicago suburb of Deerfiel.....»»

Category: realestateSource: COSTARApr 24th, 2017Related News

Sears Holdings Negotiating $700 Million in Property Sales

Sears Holdings Corp. (NASDAQ: SHLD) expanded its previously announced plans to close 150 stores this year by closing another 50 locations and is now turning its attention to the sale of at least $70.....»»

Category: realestateSource: COSTARApr 24th, 2017Related News

Survey: Investor Concerns Over Policy Uncertainty, Gridlock Temper Bullish CRE Outlook

Major steps announced Friday by President Donald Trump to roll back Dodd-Frank regulations and unveil a "massive" tax reform package next week were welcomed by a majority of CRE investors and lenders, with.....»»

Category: realestateSource: COSTARApr 24th, 2017Related News

RLJ Lodging and FelCor Merging in $1.2 Billion Deal

FelCor Lodging Trust Inc. (NYSE:FCH) has agreed to merge with and become a wholly-owned subsidiary of RLJ Lodging Trust (NYSE:RLJ) in an all-stock transaction. Under the deal, each FelCor share will be c.....»»

Category: realestateSource: COSTARApr 24th, 2017Related News

bebe Hires Firms to Liquidate Stock, Close Stores

Women’s fashion retailer bebe stores inc. (Nasdaq: BEBE) has hired Great American Group LLC, an affiliate of B. Riley & Co., the company’s financial advisor, and Tiger Capital Group LLC to sell the .....»»

Category: realestateSource: COSTARApr 24th, 2017Related News

Survey: Investor Worries About Federal Policies, Gridlock Temper Bullish CRE Outlook

Major steps announced Friday by President Donald Trump to roll back Dodd-Frank regulations and unveil a "massive" tax reform package next week are clearly manna from heaven for CRE investors and lenders,.....»»

Category: realestateSource: COSTARApr 21st, 2017Related News

CoStar"s People of Note (Apr. 21)

It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Philadelphia, South F.....»»

Category: realestateSource: COSTARApr 21st, 2017Related News

Updated: Mohr Partners Founder Sells Tenant Advisory Firm to Senior Managers, Investor

Dallas-based Mohr Partners, Inc. (MPI) acquired by senior management earlier this month from founder, chairman and CEO Robert "Bob" Mohr, has named the four minority shareholders that will round out .....»»

Category: realestateSource: COSTARApr 20th, 2017Related News

Caterpillar Bucks Trend, Selects Suburbs for HQ Location Over Downtown Chicago

Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) announced Wednesday it will relocate to Chicago's suburbs, opting to move its global headquarters to the northern Chicago suburb of Deerfield .....»»

Category: realestateSource: COSTARApr 20th, 2017Related News

Banks Dial Back CRE Lending as Loan Growth Slows to Two-Year Low

Reflecting the more modest pace of CRE sales volume this year than in the previous two, CRE lending growth by banks in the first quarter dropped to its slowest level of growth in two years, which sho.....»»

Category: realestateSource: COSTARApr 20th, 2017Related News

Multifamily Continues String of Profitable ROI in 2016

Apartment profits continued their string of strong performances last year, according to the latest full-year financial data collected on hundreds of thousands of multifamily units. The combined 2016 net.....»»

Category: realestateSource: COSTARApr 20th, 2017Related News

"Restrained Optimism" Reigns in Latest ULI Forecast Predicting More Modest CRE Growth Through 2019

Reflecting what one real estate economist described as an overall sentiment of "restrained optimism," the latest ULI Real Estate Consensus Forecast sees a more modest rate of commercial real estate transact.....»»

Category: realestateSource: COSTARApr 20th, 2017Related News

Updated: TA Realty Continues Cashing Out Real Estate Fund; Sells Multifamily Portfolio to Blackstone REIT for $430 Million

In its second large property disposition this spring, TA Realty LLC sold a six-property, 2,514-unit multifamily portfolio to Blackstone Real Estate Income Trust for $430 million. TA Realty sold th.....»»

Category: realestateSource: COSTARApr 20th, 2017Related News

Blackstone REIT Rapidly Adding to Initial Portfolio with 6 Million-SF Industrial Buy

Blackstone’s non-traded REIT, Blackstone Real Estate Income Trust, this week acquired a six million square foot portfolio of predominantly infill industrial assets from affiliates of High Street Re.....»»

Category: realestateSource: COSTARApr 20th, 2017Related News

Caterpillar to Relocate Global Headquarters to Chicago Suburb of Deerfield

Heavy equipment manufacturer Caterpillar Inc. (NYSE: CAT) announced Wednesday it will relocate its global headquarters to the northern Chicago suburb of Deerfield after more than 90 years of being based .....»»

Category: realestateSource: COSTARApr 19th, 2017Related News

Prologis Reports Record Increase in Rents for Quarter; CEO Says US Warehouse Market Remains Strong Despite Heavy Supply Wave

Prologis (NYSE: PLD), the world's largest owner and developer of industrial real estate, projected that U.S. warehouse and logistics supply will remain roughly in check with demand for the rest of the ye.....»»

Category: realestateSource: COSTARApr 19th, 2017Related News

TA Realty Continues Cashing Out Real Estate Fund; Sells Multifamily Portfolio to Blackstone REIT for $430 Million

In its second large property disposition this spring, TA Realty LLC sold a six-property, 2,514-unit multifamily portfolio to Blackstone Real Estate Income Trust for $430 million. TA Realty sold th.....»»

Category: realestateSource: COSTARApr 19th, 2017Related News

Prologis CEO Says US Warehouse Market Remains Strong Despite Heavy Supply, Wave of Retail Bankruptcies

Prologis (NYSE: PLD), the world's largest owner and developer of industrial real estate, projected that U.S. warehouse and logistics supply will remain roughly in check with demand, despite concerns.....»»

Category: realestateSource: COSTARApr 18th, 2017Related News

Office Lease Up (April 17) Bank of America Lease Triggers Construction of Skanska"s Long-Planned 35-Story CBD Office Tower

Bank of America has finalized a long-expected lease for approximately 210,000 square feet in Skanska's planned Capitol Tower office project at 800 Capitol Street in downtown Houston. The agreement c.....»»

Category: realestateSource: COSTARApr 17th, 2017Related News