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Staff and Wire Reports

Staff and Wire’s Recent activity

Hotel Partnership Buys Two Properties for $212 Million
Dec 24, 2003
A partnership between CNL Hospitality Properties Inc. and Hilton Hotels has bought two hotels — the 394-room Hilton La Jolla Torrey Pines outside of San Diego and the 544-room Capital Hilton in Washington, D.C. The...
JV Buys Industrial Property In Boston
Dec 22, 2003
Berkeley Investments Inc. and partner Starwood Capital Group have partnered to buy a 330,971 sq. ft. office/warehouse flex property in East Boston. The 13.65-acre property is near Logan Airport. Starwood did not...
AMB Buys Industrial Properties In Europe and Japan
Dec 17, 2003
Industrial REIT AMB Property Corp. is expected to announce today that it has bought 1.3 million sq. ft. of European and Japanese distribution facilities. The combined deals are valued at $108.4 million, according to...
11 Madison Avenue Sells for $675M
Dec 05, 2003
An art deco office building in Manhattan’s Midtown South district has traded for $675 million, or roughly $310 per sq. ft. InvestorTamir Sapir of ZAR Realty, who also owns 260 Madison, 261 Madison and 2 Broadway...
Investor Group Bags Enron Building for $55.5M
Dec 04, 2003
Houston’s Enron Building has fetched $55.5 million from a group of investors. The 50-story glass tower was sold via private auction on Tuesday, but the sale must still be approved by a New York federal bankruptcy...
Westfield To Sell Stake in WTC
Dec 02, 2003
Former World Trade Center leaseholder Westfield America Trust has agreed to sell its interest in the World Trade Center retail premises to the Port Authority of New York and New Jersey. Westfield will reportedly...
Starwood Appoints New Chief Financial Officer
Dec 01, 2003
One month after CEO Barry Sternlicht announced his resignation as CEO, White Plains, N.Y.-based hotel operator Starwood Resorts & Hotels has named Vasant Prabhu as its new executive vice president and CFO. Prabhu...
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