Lynn Armitage
Marriott Opens Tallest Hotel in NYC
Double good news for Marriott International: Not only did it officially open its doors yesterday to the tallest hotel in New York – a 68-story property that climbs nearly 753 feet into the skyline at Broadway and 54th Street – but also the combination Courtyard by Marriott/Residence Inn joined a growing trend of dual-branded hotels nationwide.
Somerset, Pulte Homes Begin Construction on M-U Development in Wood-Ridge, NJ
Construction is underway on a new mixed-use development – Liberty Square at Wesmont Station – in Wood-Ridge, N.J., courtesy of a Somerset Development and Pulte Homes partnership.
Hilton to Trade Biggest-Ever Hotel IPO
The nearly century-old Hilton, the world’s largest hotel enterprise, plans to start trading on the New York Stock Exchange next week under the symbol HLT.
Rockwood Capital Acquires 130 Lytton in Downtown Palo Alto for $53M
In a recent grab for a shrinking market of office space in the San Francisco metropolitan area, Rockwood Capital teamed up with Tarlton Properties to buy 130 Lytton, a 50,000-square-foot building in downtown Palo Alto.
Lee & Associates Taps Rinkov as Board President & Chairman
It’s been a whirlwind promotion for Jeffrey Rinkov of Lee & Associates. In the last 30 days, he has been catapulted from his position as president of the Central Los Angeles location to running the whole show as the newly named interim president and chairman of the board for one of the largest broker-owned commercial real estate firms in the country.
Meridian Closes New Real Estate Fund with $160M in DC Real Estate
The Meridian Group has proven that even in an uncertain economy, a lot of money can still be made in commercial real estate.
Carothers Building in Cool Springs, Tenn., Sells for Cool $96M
The Lionstone Group, a real estate investment firm based in Houston, recently bought the Carothers Building in Cool Springs, Tenn., for $96 million.
Hampshire Properties Buys Germantown Apartment Complex for $102M
Hampshire Properties has purchased a 982-unit apartment community in Laurel, Md. The sale was handled by CBRE.
MetLife Snags Bay Area Treat Towers For Reported $130M
MetLife has bought Treat Towers in the San Francisco Bay area. The property, a 10-story Class A office building, was previously owned by a joint venture with Equity Office Properties.