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In the past year, student housing has seen unprecedented interest from institutional investors, which has led to a huge spike in prices.
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Nahla Capital is just the latest New York firm to buy into Philadelphia with its acquisition of 2000 Market St., a joint venture with Goldman Sachs.
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Allianz and Brookfield refinance Blackstone's St Katharine Docks
LaSalle Hotel Properties has rejected another Pebblebrook offer and scheduled a shareholder vote for its Blackstone merger, but Pebblebrook is not giving up.
Blackstone has agreed to buy Bethesda-based LaSalle Hotel Properties for $4.8B, or $33.50/share, higher than LaSalle's three previous offers from Pebblebrook.
LaSalle's board voted to consider Pebblebrook's increased acquisition bid ahead of a Sept. 6 shareholder vote on its proposed merger with Blackstone.
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Pebblebrook has submitted a bid to buy LaSalle for $37.80, and LaSalle's board said it is reviewing the new offer.
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Some top execs hit by the credit crunch have come back with a bang, others not so much.
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Pebblebrook and LaSalle agreed to a $5.2B merger that will create the nation's third-largest lodging REIT with 66 properties.
BlackRock's planned Atlanta "iHub" will staff 1,000 people by 2024.
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