GlobeSt.com UPDATE: All Things Le Meridien Change Hands
GREENWICH, CT-The sale includes 32 properties, the brand, the management portfolio and the franchise business. Affiliates of locally based Starwood Capital Group Global LLC and Lehman Bros., buy the properties with plans to retrade some soon. Publicly held Starwood Hotels and Resorts Worldwide acquires everything else.
WASHINGTON, DC—Office vacancies in transit-served submarkets are 370 basis points lower. JLL’s Scott Homa describes the correlation between demand and existing or forthcoming mass transit access.
IRVINE, CA—The “silver lining” in ATTOM Data Solutions’ latest report is that wage growth is outpacing home price growth in a majority of markets, says the firm’s Daren Blomquist.
SAN DIEGO—Panelists at the recent NIC Spring Investment Forum talk about how more home care organizations are moving toward tech-enabled models and online direct-to-consumer platforms.
TACOMA, WA—CBRE Capital Advisors will be the exclusive broker for Global Index Group’s initial duETS product will be tied to changes in the NCREIF Property Index.