A consortium including affiliates of Starwood Capital Group, the LeFrak Organization and Invesco Ltd. have purchased a beachfront, mixed-use property in Miami’s South Beach, including a hotel formerly known as the Gansevoort.

After acquiring New York City’s Clock Tower building at 5 Madison Ave. in 2007 for $200 million, Africa Israel USA has sold the property to Marriott International for $165 million.

Carlson Hotels and The Rezidor Hotel Group have come together to form the Carlson Rezidor Hotel Group, a separate hotel entity created to be a global force in the hotel industry.

A new report by services provider Jones Lang LaSalle suggests global hotel transaction volume in 2012 will hold steady with last year’s total, hitting the $30 billion range.

While New York Gov. Andrew Cuomo’s plan for the $25 billion revitalization of the state — including a convention center, hotel and casino in Queens — is ambitious, is it the right move?

Six months after announcing plans to purchase the Park Central Hotel in Midtown Manhattan, LaSalle Hotel Properties has wrapped up the acquisition of the 934-room property in a transaction valued at $396.2 million.

Taken as a whole, 2011 was something of a tumultuous year, but an interesting time for commercial real estate. CPE presents our top 11 stories from 2011.

In separate transactions, Holliday Fenoglio Fowler has secured refinancing for two properties: a regional mall in suburban Boston and a boutique hotel in Houston.

Silverpeak Real Estate Partners has been tapped by Dubai Group and its subsidiary to provide asset/investment management services for, and eventually restructure, a $1.1 billion commercial real estate portfolio in the United States and Germany.

Jones Lang LaSalle’s outlook for 2012 shows that, while the economy remains in a state of flux, things are generally set to improve. But there are going to be some very bright spots — such as the multi-family sector, which is going to remain the darling investment class.