NEW YORK CITY—The union bolsters Studley's presence in Europe and Asia and that of Savills in the US; Studley's Mitchell Steir told GlobeSt.com in May that the merger meant a new competitive edge for both.

NEW YORK CITY—Thor Equities' 412 W. 14th will be the site of the world's second Intersect by Lexus space; the first opened in Tokyo last summer.

CHICAGO—The stock and cash deal, coupled with a separate acquisition of a 29-asset portfolio in Canada, advances Ventas' stated strategy to be “the leading owner of healthcare and senior living properties globally,” says CEO Debra A. Cafaro.

NEW YORK CITY—What was going to be a luxury condo tower to be developed by Kushner Real Estate and Ironstate has instead resulted in a parcel sale that sets a record for the Madison Square Park neighborhood.

NEW YORK CITY—The deal for properties flying the flags of Courtyard and other select-service brands bumps up ARC Hospitality's portfolio from six assets to 132.

NEW YORK CITY—As delinquency for legacy CMBS continues to decline, “the new-issue dance card is full for the next few months,” says Trepp's Manus Clancy.

NEW YORK CITY—Although at $655 million CSMC Trust 2014-ICE may not be the largest recent securitization on the books, it illustrates the more conservative underwriting that has characterized so-called CMBS 2.0 deals thus far.

SAN FRANCISCO—Marcato Capital founder Mick McGuire said Thursday that a merger between the owner of the Crowne Plaza brand and another large operator would represent ““a unique opportunity to reshape the global hospitality industry.”