The investment manager's offer calls for every share in the hotel REIT to receive $33.50 in cash, effectively taking LaSalle private. Blackstone is buying the REIT through its Blackstone Real Estate Partners VIII fund. The deal is slated to be ...
Commercial Real Estate Direct Staff Report Pebblebrook Hotel Trust's leadership is confident about the company's latest offer to acquire LaSalle Hotel Properties. Jon Bortz, the company's chairman and chief executive, said, "the logic of the combination of these two companies ...
Prologis Inc., the largest industrial-property REIT in the country by market capitalization, has struck a deal to buy the number-four company, DCT Industrial Trust Inc., in a stock swap valued at $8.4 billion. The resulting company, which will keep the ...
Pebblebrook Hotel Trust, which has been trying to get LaSalle Hotel Properties to agree to a buyout, has once again sweetened its bid for the company. This time - its final merger proposal, the company said - it's offering to ...
Cantor Fitzgerald, which put its toe in the non-traded REIT world two years ago with a vehicle that pursues net-leased real estate, is raising a second REIT. This one will invest in mortgages and other debt instruments.
Pebblebrook Hotel Trust, which last month offered to buy LaSalle Hotel Properties in a stock swap valued at roughly $3.4 billion, has sweetened its offer for the company. Pebblebrook, which was founded in 2009 and is led by Jon Bortz, ...
The HNA Group affiliate that owns a 26 percent stake in Hilton Worldwide Holdings Inc. has filed to sell up to 72.5 million of its 82.5 million common shares in the company. Hilton itself would buy the remaining 10 million ...
Wall Street Journal HNA Group is planning to sell some or all of its 25 percent stake in Hilton Worldwide Holdings Inc. The stake currently is valued at $6.3 billion. It would sell shares depending on market conditions and other ...
Commercial Real Estate Direct Staff Report The Moinian Group has raised about $175 million in a bond offering on the Tel Aviv Stock Exchange, the second time in three years that it has tapped that country's bond market. The five-year ...
Commercial Real Estate Direct Staff Report Related Fund Management has made an offer to buy Ladder Capital Corp. for $15/share, or roughly $1.3 billion. Ladder, a mortgage REIT that writes conduit and bridge loans and invests in CMBS and properties, ...
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