Deals

The sale of a stake in The Westin Paris – Vendome to joint venture partner Dubai Holding sees Nick Weber’s London-based firm sell out from one of its first significant investments.

The New York-based capital advisory firm believes an increase in corporate transactions is in the offing, despite pressure on sale multiples.

The $835m sale of the Hollywood, Florida hotel was necessary because the firm was harvesting exits for its first global opportunity fund, which is being wound up.

The Canadian investor will be partnering with Singapore's Mapletree for the first time to invest in the country.

The US endowment's commitment into the manager’s BREIT fund announced last week is a 'win-win' for both sides and an absolute 'home run’ thanks to the extra liquidity and flexibility it provides, Nadeem Meghji, Blackstone’s head of real estate Americas, told PERE.

Having signed an MOU a year ago, the firm has finally completed the sale to a yuan-denominated fund co-managed by CapitaLand.

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Richard Kleinman, LaSalle’s Americas co-CIO, instead expects market selection to become an increasingly important factor in performance.

Patrizia senior portfolio manager Falvio Casero said the tool was a primary reason for the firm’s ability to close deals this year.

The building received the DGNB Platinum award from the German Sustainable Building Council with a total compliance rate of 95.4% – the highest ever for a new construction project.