Alison Granito
The Los Angeles-based private investment group has purchased the Four Seasons Resort & Club Dallas at Las Colinas near Dallas, Texas and plans to renovate the hotel and golf courses.
The Chicago-based private equity real estate firm has joined with The Preiss Company to build new off-campus student housing at the University of North Carolina, Charlotte.
Barington Capital says Lone Star Funds’ $600m offer for the Lone Star Steakhouse chain undervalues the company.
Influential shareholders opposed the buyout saying the $211m price tag undervalued the company.
The joint venture will acquire $200m in land for residential development in Illinois, Indiana, Michigan and Wisconsin.
The Chicago-based firm’s first vehicle has already invested in self-storage and student housing and will also target medical office and senior housing.
A joint venture between Walton Street and Westbrook Partners has acquired The Drake Hotel, which has played host to everyone from Queen Elizabeth to Hollywood royalty.
Condo developers are using all sorts of enticements to lure buyers including, in one Brooklyn development, former NBA star John Starks.
The Morristown, New Jersey-based opportunistic investor expects the fund, which has $600 million in buying power, to be fully invested within the next year.
The infusion will fund completion of Mills Corp’s troubled Xanadu entertainment and shopping complex, which is now expected to cost $2 billion, two-thirds higher than the original projection.
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