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GREENWICH, CT—Much of the 280-property select-service portfolio came into Starwood Capital Group ownership with the $1.2-billion acquisition of TMI Hospitality in 2014.
STAMFORD, CT—“We are done listening to excuses from the Taubman family for the company's undervaluation and inferior operating performance,” Land and Buildings' Jonathan Litt writes in a letter to Taubman Centers' independent directors.
SAN DIEGO—There is a significant difference between what a new apartment project costs to build or buy today and the pricing on 1970s and 1980s vintage projects, which can typically be acquired for well below replacement costs, Pathfinder's Lorne Polger tells GlobeSt.com <b>EXCLUSIVELY</b>.
CHICAGO—The developer has helped transform several of Chicago's industrial neighborhoods into trendy office centers, and plans to go national with projects in Portland, Miami and Nashville.
WASHINGTON, DC--JLL notes that this year more than 1.0 million square feet of federal space is moving into new submarkets agencies are increasingly priced out of buildings in the CBD and East End.
CHARLESTON, SC—Greystar CEO Bob Faith calls the Asian multifamily joint venture with Macquarie Capital “a natural extension” of the vision with which he founded the company in the early 1990s.
LOS ANGELES—Today and tomorrow, top multifamily professionals are gathering to discuss the state of the multifamily market at RealShare Apartments Downtown Los Angeles.
SAN DIEGO—Food-price decline means yet another squeeze on profit margins for grocers already facing price wars from increased competition and pressure for lower prices from discount grocers and new entrants, CBRE's Anthony Buono tells GlobeSt.com <b>EXCLUSIVELY</b>.
OAKLAND, CA—The demand for housing is pressing cities and developers to become more creative with solutions, such as building within the urban footprint as environmentalists and planners recommend, GlobeSt.com learns in this <b>EXCLUSIVE</b>.