Michael Hirschfeld

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    In a partnership with KRR's Real Estate Partners Americas Fund, Harvest Properties acquired a 15-story building in Oakland, Calif. The property is located directly across from Lake Merritt and its adjoining park.

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    The transaction includes 200 franchised hotels, as well as management company Three Rivers Hospitality. The portfolio totals 11,600 rooms and a pipeline of 23 projects.

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  • Amazon to Open First Oregon Facility

    The retailer will invest $178.4 million in an 855,000-square-foot fulfilment center in eastern Hillsborough County. The facility will create more than 1,500 full-time jobs.

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    Figures for occupancy rate, average daily rate and revenue per available room over the first nine months of the year illustrate the resiliency and strength of broad economic trends driving travel and hotel performance, according to hotel data firm STR.

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  • Paramount Lands $300M Refi for Manhattan Asset

    The REIT engaged Eastdil Secured to arrange the financing for 712 Fifth Ave., a 52-story, 543,000-square-foot Class A office tower in the Plaza District.

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