Another New York Firm Enters Philly Market With 2000 Market St. Buy
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.
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.
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.
Pebblebrook has submitted a bid to buy LaSalle for $37.80, and LaSalle's board said it is reviewing the new offer.
Some top execs hit by the credit crunch have come back with a bang, others not so much.
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.
Since 2008, the number of private real estate-focused debt funds to close has nearly doubled, and borrowers find them to be an attractive alternative to banks.
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