TA Trades Apt. Portfolio to Blackstone
BOSTON—55 West, a 33-story residential tower in Orlando, is reportedly among the six multifamily properties that TA Realty sold on behalf of its Fund IX.
ATLANTA—Over the next few years, says R. Mark Woodworth of CBRE Hotels, “Owners and operators should spend just as much time thinking about expenses as they do RevPAR.”
SAN DIEGO—There are three elements that define highly advanced connectivity and telecom infrastructure: choice of provider, redundant infrastructure and readiness to adapt to future technology, WiredScore’s John Meko tells GlobeSt.com.
STAMFORD, CT—The founder and CIO of Land and Buildings says the REIT’s stock is trading at “a significant discount to NAV,” and that consensus estimates of the company’s value are too low.
SANTA ANA, CA—“The lack of homes listed for sale is causing unadjusted house price growth to remain strong,” says First American Financial’s Mark Fleming.