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Essex Property Trust, Inc. (NYSE: ESS) has acquired the 8th+Hope luxury apartment high-rise at 801 S. Hope St. in Los Angeles, CA from Wood Partners for $200 million, or about $690,000 per unit. The first post-recession multifamily property to be built and listed for sale in downtown, the 22-story, 290-unit glass building was completed in August...
It's time to update those contact managers with CoStar's People of Note , reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: Chicago, San...
Cushman & Wakefield, one of the premier names in real estate and a global services provider ranked just behind CBRE Group and JLL in terms of size, is reported to be on the block. The New York-based...
The Blackstone Group has realized a $600 million cash return on its acquisition of discount lodging chain Motel 6 in 2012 for $1.9 billion. The capital recapture comes from refinancing more than 500...
JPMorgan Chase & Co. put the real estate community on alert this week at its annual Investor Day conference by announcing it is not done downsizing its $11 billion office and retail footprint. The bank...
Hudson’s Bay Co. (HBC), the owner of the Lord & Taylor and Saks Fifth Avenue department store chains in the U.S. and Hudson's Bay department stores and housewares chain Home Outfitters in Canada, has agreed...


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