Sheraton Orlando Downtown Hotel Acquired by Resolution Services and Glenmont Capital Management

A joint venture comprised of affiliates of Glenmont Capital Management, LLC and Resolution Services LLC announced today its acquisition of the Sheraton Orlando Downtown from the property’s lender. With 341 rooms and 20,000 square feet of meeting space, the hotel is Orlando’s largest downtown hotel. Well situated in the heart of downtown, the property is also only a short drive from Universal Studios and conveniently located directly off Interstate... 

The Landmark Plaza Wins New York Region’s Prestigious 2008 “Restoration / Renovation of the Year”

The iconic Plaza at the intersection of Central Park South and Fifth Avenue has been selected as the tri-state region’s 2008 Renovation Project of the Year by New York Construction magazine, the authoritative industry monthly published by McGraw-Hill. The publication cited the outstanding three-year, $400 million, lobby-to-roof restoration of the legendary landmark. Miki Naftali, President and CEO of El-Ad Group, owner of the storied castle on the... 

Real Estate Land Opportunities Never Better at Great Brook Preserve, Sunday River, Maine

In this buyer’s market and slow economy, the owners of Great Brook Preserve are still selling land in their premier mountainside village. Great Brook is the only gated community in the area and offers large acreage with dramatic views of the Sunday River ski area and the Mahoosuc mountain range. The Preserve properties are surrounded by its own conservation land, and the owners just completed installation of paved roads through Phases II and... 

Goldwasser Real Estate Set to Transform Industry with Focus on Quality Customer Experience Through Intense Agent Training and Technology

An economy on the verge of total collapse. Residential real estate markets are either stagnant or in great decline across the country. The public is in dire need of promising news about real estate. If you ask Chad Goldwasser, the timing is perfect to start a new real estate venture. And his venture is dramatically different than anything the industry has ever seen before. Formerly Keller Williams Realty’s number one real estate agent, locally and... 

Van der Moolen strengthens position in worldwide trading with a participating interest in GSFS

Van der Moolen Holding N.V. (“Van der Moolen”) and Global Securities Finance Solutions Holding B.V. (“GSFS”) have the intention to integrate the activities of GSFS in Van der Moolen. Today at the end of business a letter of intent has been signed. Van der Moolen will participate in GSFS AM for 49.9% stake and for 33.3% stake in GSA. According to expectation all this will have a positive impact on the earnings per share of Van... 

Starwood Land Ventures Forms Joint Venture with Cold River Development Inc.

Starwood Land Ventures announces the formation of CoStar Land LLC, a joint venture partnership established to channel $75 million toward development opportunities in the 23-county Atlanta metro service area. CoStar marries the strengths of Starwood Land Ventures and Cold River Development, a holding company whose subsidiaries specialize in land development in Georgia and the Carolinas. “This is an exciting joint venture arrangement because it... 

Sunstone Hotel Investors, Inc. Designates New Shelf Registration Statement to Effect Resales of Shares of Common Stock Issuable Upon Exchange of the Exchangeable Senior Notes Due 2027 of Its Operating Partnership

Sunstone Hotel Investors, Inc. (NYSE: SHO) announced today that it has designated the new shelf registration statement that it filed on November 6, 2008 with the Securities and Exchange Commission (the “Commission”) to replace the existing shelf registration statement that was previously designated on October 12, 2007 pursuant to the terms of the Registration Rights Agreement among it, Sunstone Hotel Partnership, LLC (the “Operating... 

Starwood Land Ventures Acquires More Than 2,500 Homesites in Three States

Starwood Land Ventures LLC has completed the acquisition of more than 2,500 homesites in communities located in Arizona, California and Florida as part of its ongoing strategy to obtain well-located, highly-rated residential properties throughout the country. “We are confident that our latest asset addition provides the opportunity for solid long-term investment,” said Starwood Land Ventures West Region President Mike Forsum. “These... 

Herbergers Department Store Extends Marktplatz Mall Lease

New Ulm Retail and Development, LLC, the new owner of the Marktplatz Mall in New Ulm, Minnesota, announced that Herbergers, the anchor store for the 60,000 square foot mall, has extended its lease through 2012. Part of a regional chain of department stores in the Mid-West, New Ulm Herbergers is one of the original stores in the chain. “Herbergers decision to renew the lease for four more years was based on our confidence in the owner’s plans to... 

New Publication From Institutional Real Estate, Inc. to Cover Asian Institutional Property Markets

Institutional Real Estate, Inc. (IREI), a publishing and consulting firm focused on serving the institutional property marketplace, has launched The Institutional Real Estate Letter – Asia Pacific at the Editorial Advisory Board meeting held in Kyoto, Japan, November 4–6. The first issue is scheduled for January 1, 2009. The publication will be a preeminent information source for Asian institutional real estate investors, including pension funds,...