LEXINGTON, KY-In its fourth property acquisition since its formation earlier this year, DiamondRock Hospitality of Bethesda, MD acquires the Marriott Griffin Gate Resort here from Marriott International.
SEATTLE-Colliers International's locally based Advanced Technology Real Estate Group and the Global Electronics Solutions division of San Diego-based GE Commercial Finance form a strategic alliance to provide a one-stop shop for semiconductor and electronics manufacturers looking to unload surplus facilities.
VANCOUVER-With completion of the Vancouver Convention Center still six months away, the city council here directs staff to acquire an adjacent parcel for its planned expansion in 2010.
SEOUL-Lone Star Fund III sells the largest office building in South Korea to the Government of Singapore Investment Corp. Sale price estimates range as high as $959 million.
MILAN-Spazio Industriale, the joint venture of Pirelli Real Estate and Soros Real Estate Investors is in escrow for the euro 77-million ($104.8-million) purchase of a seven-property industrial portfolio from Prada Group, which has leased back the properties on a long-term basis.
SEATTLE-On behalf of an institutional client, the Dallas-based investment manager picks up the 70,000-sf Downtown retail property here for about $26 million, according to sources familiar with the transaction.
SOUTH SAN FRANCISCO-The locally headquartered international pharmaceutical company enters a master lease agreement for 780,000 sf of lab and office space in eight new buildings to be built adjacent to its existing headquarters. The deal includes a $78-million tenant improvement allowance.
PROVIDENCE, RI-The Cranston, RI-based hotel company is buying the 364-room Westin Providence for $95.5 million with plans to invest another $60 million to expand the 28-story hotel onto an adjacent parcel and add a separate mixed-use building with street-level retail, office space in the middle and condominiums on top.
TORONTO-Locally headquartered IPC US REIT, which acquired more than $400 million in properties this year, wins an increase in its acquisition facility, boosting its buying power back up to $200 million.