Tower Place

View All Tags
  • Hersha Sells Hotel Portfolio to Blackstone; Tower Place Seeks New Owner

    Hersha Hospitality Trust, a Harrisburg,PA-based real estate investment trust that owns and operates 48 luxury hotels located in urban gateway markets, will sell a large part of its portfolio to BRE NE Hospitality Holdings LLC, an affiliate of Blackstone Real Estate Advisors, for $217 million. The deal is subject to customary conditions for real estate transactions and is expected to close by the end of Q1 2014.

    Philadelphia 26 September 2013 17:04

You May Also Like

  • College Adds to Solar System with Combined Solar and Storage

    Santa Rose Junior College selected SunPower to deploy a fully integrated solar and storage project to add to its existing 77-kilowatt system that has been operating since 2007 atop the Frank P. Doyle Library.

    05 September 2017 18:55
  • US Tech Firm Sets Foot in Canada

    Okta’s new office will benefit from Toronto’s diverse talent pool, which will help grow the company’s engineering team to better serve its Canadian customer base.

    03 July 2017 14:08
  • Westwood Sells Phoenix-Area Retail Center

    Tatum Plaza, a retail center shadow-anchored by Fry’s Food & Drugs, traded for $9.5 million. Westwood acquired the property in 2014 and increased the asset’s net operating income by filling the center with high-profile tenants.

    08 June 2017 13:15
  • Bay Area Office Campus Changes Hands

    PCCP LLC and Align Real Estate formed a joint venture to acquire Walnut Creek Center, a two-building, 236,122-square-foot, Class A office facility. The new owners plan to invest approximately $3 million in capital upgrades.

    17 May 2017 15:20
  • Brennan Buys Multi-State Industrial Portfolio

    The purchase of three properties in Chicago, Indianapolis and Bakersfield, Calif., caps a busy year for the group, which now owns more than 28 million square feet of space in 23 states.

    07 September 2017 11:19
  • Emergency Preparedness

    06 June 2017 16:45
  • Kidder Mathews Brokers 429 KSF Industrial Facility

    Prologis Inc acquired the 29.2-acre site from Downey Industrial Center LLC. Kidder Mathews will continue to be the manager of the property.

    07 November 2017 15:15
  • Daum Brokers Inland Empire 113 KSF Industrial Buys

    The properties in Corona and Ontario, Calif., changed hands for a total consideration of $13.1 million. Vacancies in small-size warehouse properties are below the region’s average.

    16 August 2017 13:56
  • Miami Medical Office Building Trades for $11M

    The nine-story property underwent a $2.1 million capital improvement program that repositioned the asset and boosted occupancy to nearly 70 percent.

    04 October 2017 18:33
  • NAI Hiffman Closes 2 Large Chicago Leases

    Dealer Tire renewed at 3708 River Road in Franklin Park, while Crane Nuclear Inc. signed at 860 Remington Blvd. in Bolingbrook.

    03 May 2017 13:55