Blackstone Real Estate Advisors has secured $186 million in financing for a 15-property select-service east coast hotel portfolio, according to Jones Lang LaSalle. Deutsche Bank provided the five year, floating-rate loan.
China's new home prices increased in December, posting the highest gain in 2013, even with the country's largest cities introducing measures to cool the market. Average new home prices increased 12 percent from last year.
Global leisure rates are forecast to grow by approximately four percent through the holidays and remain strong in 2014, according to Pegasus Solutions. The world's largest electronic hotel transactions processor reported the overall leisure market performed better in November compared to last year.
Home prices in 20 U.S. cities increased in October by the largest amount in almost eight years, marking the seventeenth month of annual increases. The cities posted a 13.6 percent yearly increase on the S&P/Case Shiller Home Price Indices in October.
U.S.-based private equity firm NCH Capital Inc. gained permission from the Greek government to build a resort on the island of Corfu, Bloomberg reports. The firm will spend 23 million euros ($32 million) for the leasehold and invest approximately 75 million euros.
Israel's largest real estate investment company has raised $107 million in a public offering.
Pending home sales in the U.S. gained slightly in November, after dropping for five straight months, according to the National Association of Realtors. The index -- reflecting contracts and not closed sales -- edged up 0.2 percent to 101.7 in November.
U.K. home values increased in December and are expected to continue growing in 2014, according to Hometrack Ltd. Home prices across England and Wales increased 0.5 percent from December, the researcher found.
Almost four years after its completion, residential values in the world's tallest building, the Burj Khalifa, are proof of sustainable market growth, according to consulting firm Cluttons. Since 2010, values in the Dubai building have grown 13.6 percent.
The U.S. housing market continues its recovery from the last real estate bubble burst as the year comes to a close, with some areas outshining others. San Francisco home values have increased more than 50 percent since the bottom of the real estate collapse in 2009.
As the end nears for 2013, RealtyTrac has identified the top U.S. cities for homes with foreclosure discounts. The top city is Fort Myers, Florida, with a 65 percent foreclosure discount.
Oceanwide Real Estate Group Co. has agreed to purchase a mixed-use project in downtown Los Angeles at a price that won't be higher than $200 million, according to The Wall Street Journal.
Architecture billings paused in November, after six months of increasing demand, according to the American Institute of Architects. The Architecture billings index, a leading market indicator of future construction, reached 49.8 in November.
The average prime country house price in England increased 1.4 percent in the fourth quarter, the largest quarterly increase in more than three years, according to Knight Frank. Prices increased 3.1 percent compared to last year.
The Empire State Building's managers deprived investors of as much as $410 million by choosing to take the building public, according to a lawsuit filed by investors. Managers Peter Malkin and his son Anthony turned down all-cash offers of as much as $2.3 billion for the building.
Daiwa Real Estate Asset Management Co. plans to set up a healthcare REIT to own nursing homes and hospitals in Japan. With the first REIT of its kind in Japan, Daiwa hopes to benefit from increasing demand for elderly care in the country,
Heading into the last days of the year, U.S. mortgage rates barely moved, according to Freddie Mac. The 30-year fixed-rate mortgage averaged 4.48 percent, up slightly from 4.47 percent last week. At this time last year, the average was 3.35 percent.
A new rule prohibits U.S. banks from owning more than three percent of a hedge fund or private-equity portfolio, but some are finding ways to get around it, according to The Wall Street Journal.
U.S.-based global investment firm KKR has finished fundraising for its $1.2 billion real estate fund that invests in North America and western Europe. KKR's real estate platform has more than $1.5 billion of committed capital for its investments plans,