Red Lion Hotels Corp. has not been on the hunt for a buyer, but that has not stopped Columbia Pacific Opportunity Fund L.P. from making an offer. Columbia Pacific, a 12.7 percent shareowner in the Spokane, Wash.-headquartered hospitality company, has made a non-binding and conditional preliminary proposal to acquire Red Lion’s outstanding shares for a [...]

The national industrial property market is in a relatively healthy state in spite of the recent economic uncertainty, according to a soon-to-be-released report on the sector by Marcus & Millichap Real Estate Investment Services.“For the most part the industrial market is in a stable equilibrium for supply and demand,” Alan Pontius (pictured), national director of [...]

Taking the next big step in the development of a new corporate headquarters for Canon Americas, leading imaging solutions provider Canon U.S.A. has revealed that it will file site plans with the Long Island town of Huntington, N.Y., for the project tomorrow. The planned 650,000-square-foot building (pictured) will ultimately be home to an estimated 2,500 [...]

Brandywine Realty Trust has agreed to sell a five-property, 1.7 million-square-foot portfolio in Oakland, Calif., to an affiliate of the CIM Group for a total of $412.5 million. The price includes assumption of what will be at closing about $95.6 million in debt represented by three existing mortgage loans. Closing is scheduled for August 31. [...]

Deloitte L.L.P. plans to build a $300 million learning and leadership development center at Hillwood Development’s Circle T Ranch in the Dallas suburb of Westlake. Construction on the new facility will begin in 2009 and the center is expected to open in 2011. The facility will serve as a central destination for [...]

Kuwait-based M.A. Kharafi Group has launched a new company to invest in hotel and resort properties in the United States and worldwide. As part of Kharafi, the new company–dubbed Sovereign Hospitality Holdings–already has assets of $800 million due to its parent company’s existing portfolio of 21 hotels and resorts located in Egypt, South Africa, Gambia, [...]

Two large Austrian developers, Immofinanz AG and Immoeast AG, announced today that they have agreed to buy Constantia Privatbank AG real estate unit for $695 million. The two developers are creating a jointly held new company, I&I Real Estate Asset Management AG, with Constantia Privatbanks’ real estate division to be incorporated into this new [...]

A report released this afternoon by the Port Authority of New York and New Jersey said that the World Trade Center rebuilding project in Lower Manhattan would take substantially longer and cost substantially more to build than estimates have indicated. In a letter to Governor David Paterson of New York, who requested the [...]

Prince Charles is planning to launch a £1 billion property fund that will invest in sustainable building projects, according to a report in London’s SundayTelegraph.A heavyweight team of property executives has been lined up to run the fund, called Tellesma, and Credit Suisse will raise money for the fund from Middle Eastern investors. Ian Henderson, [...]

Roadside Development, the company behind the planned CityMarket at O mixed-use redevelopment endeavor, is on track to get a helping hand from the District of Columbia for the funding of the $260 million project. Mayor Anthony Fenty just revealed today that the city has facilitated an agreement with Roadside that calls for the District to [...]