Tag Archives: Business

PRG Buys $36.4-Million Canyon Creek Apartments in Riverside, Calif. – Business Wire

Posted on January 16, 2012 by admin

spas and a community car wash. “The $ 3-million renovation plan has already begun with upgrades to the common areas and new appliances, finishes and flooring in the apartments” Investing on behalf of an institutional real estate fund, PRG has … Continue reading →

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Storage REITs Enjoy a Boom – Wall Street Journal

Posted on January 14, 2012 by admin

But the storage companies themselves have turned out to be winners, too, as their stock prices surge. Last year, the stocks of real-estate investment trusts in the self-storage business posted a total return of 35.4%, the strongest gain of any … Continue reading →

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PREI® acquires Texas luxury hotel – Business Wire

Posted on January 11, 2012 by admin

PARSIPPANY, N.J.–(EON: Enhanced Online News)–Prudential Real Estate Investors, in a new joint venture with Lodging Capital Partners, has acquired the Austin Four Seasons, a 291-room luxury hotel located in downtown Austin, Texas. PREI, acting on behalf … casino real estate … Continue reading →

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Chesapeake Lodging Trust scoops up Midtown Manhattan hotel for $52M – The Business Journal

Posted on January 1, 2012 by admin

An Annapolis hotel real estate investment trust has expanded to the Big Apple. Chesapeake Lodging Trust, a real estate investment trust that invests in hotels around the country, closed on its purchase of the Holiday Inn Midtown hotel on 31st … Continue reading →

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Chesapeake Lodging Trust scoops up Midtown Manhattan hotel for $52M – The Business Journal

Posted on December 30, 2011 by admin

An Annapolis hotel real estate investment trust has expanded to the Big Apple. Chesapeake Lodging Trust, a real estate investment trust that invests in hotels around the country, closed on its purchase of the Holiday Inn Midtown hotel on 31st … Continue reading →

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Syms, Filene’s cancels auction for store leases – The Business Journal

Posted on December 27, 2011 by admin

together with $ 700,000 to the real estate broker. The shareholder’s committee contends Syms failed to make the case for settlement. The equity holders believe the lease should’ve been included in the now-canceled lease auction. In court documents … real … Continue reading →

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Business notes, Dec. 9 – Free Lance-Star

Posted on December 16, 2011 by admin

The Massaponax Car Wash property at 8440 Jefferson Davis Highway will be … Realty Advisors reports that his firm participated in the following commercial real estate deals of late: The sale of a 12,500-square-foot warehouse with office and … carwash … Continue reading →

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Trulia Hires New CFO – Private Equity Hub

Posted on December 8, 2011 by admin

Real estate website Trulia said on Thursday it has hired veteran finance executive and deal-maker Sean Aggarwal from eBay Inc’s PayPal to help manage its business. Aggarwal will join as the company’s CFO. Trulia is backed by venture capital firms … Continue reading →

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Exclusive: Trulia hires PayPal executive as CFO – Chicago Tribune

Posted on December 1, 2011 by admin

(Reuters) – Real estate website Trulia Inc said on Thursday it hired veteran finance executive and deal-maker Sean Aggarwal from eBay Inc’s PayPal to help manage a business that has grown significantly in the past year. Aggarwal, formerly vice … … Continue reading →

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Parkway Hospitality buys St. Mary’s County motel – The Business Journal

Posted on November 18, 2011 by admin

The Baltimore hospitality management firm said it has purchased the Scheibles motel, restaurant and marina on Smith Creek for an undisclosed price. Parkway plans to build additional guest rooms and cottages. A seafood restaurant and tiki bar are also in … Continue reading →

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