Fort Worth's Crescent Real Estate LLC is part of a team that has announced plans for a 721-room hotel project next to Nashville's convention center. Crescent, Starwood Capital Group and High Street Real Estate Partners said they will build two hotel towers joined by a four-story lobby and conference center building on 1.3 acres next to Nashville's Music City Center convention complex.Groundbreaking for the project is scheduled in the next few months.The planned development will include a 30-story Embassy Suites by Hilton and an 18-story 1 Hotel tower. 1 Hotel is a new Starwood Capital brand.The new hotels are just across the street from the $625 million, 2.1-million-square-foot Music City Center convention center."We are excited to invest alongside our partners in Nashville, one of the most vibrant hotel markets in America with diverse and rapidly growing demand drivers. We believe the 1 Hotel fits incredibly well in a high-rated market with limited product differentiation," … [Read more...] about Fort Worth’s Crescent Real Estate partners in new 721-room Nashville hotel
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Fort Worth’s Crescent Real Estate partners on new Nashville convention hotel
Fort Worth's Crescent Real Estate LLC is part of a team that's announced plans for a 721-room hotel project next to Nashville's convention center. Crescent, Starwood Capital Group and High Street Real Estate Partners said they will build two hotel towers joined by a 4-story lobby and conference center building on 1.3 acres next to Nashville's Music City Center convention complex.Groundbreaking for the project is scheduled in the next few months.The planned development will include a 30-story The new hotels are just across the street from the $625 million, 2.1-million-square-foot Music City Center convention center."We are excited to invest alongside our partners in Nashville, one of the most vibrant hotel markets in America with diverse and rapidly growing demand drivers. We believe the 1 Hotel fits incredibly well in a high-rated market with limited product differentiation," Barry Sternlicht, CEO of Starwood Capital, said in a statement.Nashville draws more than 15 million … [Read more...] about Fort Worth’s Crescent Real Estate partners on new Nashville convention hotel
Camber Real Estate Partners, Advance Realty acquire 3-building industrial portfolio in Mahwah
Mahwah Industrial Park. — Advance Realty Investors and Camber Real Estate Partners. A joint venture partnership between Camber Real Estate Partners and Advance Realty Investors has acquired a three-building, 400,000-square-foot light industrial portfolio in Mahwah. Located immediately off Route 17 in Bergen County, five minutes south of the intersection of major interstate highways 87 and 287, the Mahwah Industrial Park properties have tremendous visibility and provide easy access to Midtown Manhattan, Port Newark/Elizabeth, Newark Liberty International Airport and the Meadowlands Industrial Market through northern New Jersey’s highway network. The assets are 100-percent leased to a tenant roster that spans various industries, most notably, Prestige Toyota, Lincoln Technical Institute, Flyte Tyme and EDAX. “This is an excellent risk-adjusted investment given the market constraint and flexible nature of the improvements, as well as the strong occupancy history of these … [Read more...] about Camber Real Estate Partners, Advance Realty acquire 3-building industrial portfolio in Mahwah
SRS Real Estate Partners Opens Detroit Office with Three New National Net Lease Group Team Members
Michael Carter, Frank Rogers, and Joseph Simon have established SRS’ newest office /EIN News/ -- Dallas, Feb. 27, 2019 (GLOBE NEWSWIRE) -- SRS Real Estate Partners is pleased to welcome three new team members to their newest office located in Detroit. Michael Carter and Frank Rogers have joined as first vice presidents, with Joseph Simon joining as an associate. As part of SRS’ National Net Lease Group, they specialize in the acquisition and disposition of single-tenant and multi-tenant investment properties.Matthew Mousavi, managing principal of the National Net Lease Group.Patrick Luther, managing principal of the National Net Lease Group.About SRS Real Estate Partnerswww.srsre.com.srsnnlg.com. Christina Wezwick SRS Real Estate Partners 2145603215 [email protected] … [Read more...] about SRS Real Estate Partners Opens Detroit Office with Three New National Net Lease Group Team Members
Triad Real Estate Partners and Rittenhouse Realty Advisors Announce 955-Bed Student Housing Portfolio Listing in Upstate New York
ALBANY, N.Y., Dec. 03, 2018 (GLOBE NEWSWIRE) -- Rittenhouse Realty Advisors and Triad Real Estate Partners are pleased to announce that the two firms have partnered together to market College Suites Portfolio - a five property, 955 bed / 291-unit portfolio of student housing at three different colleges in the Capital District of Upstate New York. The College Suites Portfolio presents a rare opportunity to acquire a quality collection of Class A, purpose-built student assets, all of which are truly walkable to campus. All five of the properties are virtually across the street from their respective campuses - while two of the assets are master leased by Rensselaer Polytechnic Institute and serve as affiliated housing for upperclassmen, graduate, and married students. There are over 30,000 students enrolled within one mile of the Portfolio. Kenneth Wellar, Managing Partner at Rittenhouse Realty Advisors, noted that “City Station West and East have a combined 31,181 square … [Read more...] about Triad Real Estate Partners and Rittenhouse Realty Advisors Announce 955-Bed Student Housing Portfolio Listing in Upstate New York