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... 

Lexington Realty Trust Announces Quarterly Dividend of $0.18 per Common Share and Targeted Common Share Dividend for 2009

Lexington Realty Trust announced that it declared a regular common share dividend/distribution for the quarter ended December 31, 2008 of $0.18 per common share/unit payable on January 15, 2009 to shareholders/unitholders of record on December 31, 2008. Lexington also declared dividends of $0.503125 per Series B Cumulative Redeemable Preferred Share, $0.8125 per Series C Cumulative Convertible Preferred Share, and $0.471875 per Series D Cumulative... 

Trikona Group Announces Appointment of His Highness Maharaja Gajsinghji of Jodhpur as Chairman of Apodis Hospitality

Trikona Group, which contributes to India’s growth in a socially aware manner by creating new asset classes around real estate and infrastructure, today announced that HHM Gajsinghji of Jodhpur, a leading hotelier in India, has been named Chairman of Apodis Hospitality, the hospitality company affiliated with the Trikona Group. As president of the 150 member Indian Heritage Hotels Association, Gajsinghji has helped shape the hospitality and tourism... 

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... 

U.S. Army, Chevron and Keenan Development Receive 2008 National Council for Public-Private Partnerships’ Infrastructure Award

The National Council for Public-Private Partnerships (NCPPP) announced today it has selected the U.S. Army’s Enhanced-use Leasing Program, Chevron Energy Solutions and Keenan Development to receive the council’s 2008 Infrastructure Award. The award recognizes outstanding leadership and an exemplary enhanced-use leasing project that illustrates the best practices and innovative approaches in the use of public-private partnerships (PPPs). The... 

Berkshire Income Realty Announces FFO of $5,411,032 for Nine Month Period Ended September 30, 2008

Berkshire Income Realty, Inc.(“Berkshire” or the “Company”) reported its results for the periods ended September 30, 2008. Financial highlights for the three and nine-month periods include: The Company’s Funds from Operations (“FFO”), a non-GAAP financial measure, for the three and nine months ended September 30, 2008 were $2,071,466 and $5,411,032, respectively, as compared to $2,259,707 and $4,235,769, respectively,... 

LEEDing the Charge: Downtown Seattles 901 Fifth Avenue Building Achieves LEED-EB SilverTM Certification

RREEF Real Estate and Kennedy Wilson today announced that 901 Fifth Avenue in Seattle, WA, a 41-story 558,607 sq. ft office tower has achieved LEED-EB™ (existing building) Silver certification. The certification marks the completion of one of the largest environmental retrofits in the industry for an existing property and Seattle’s first full city block targeting LEED certification. The new ownership and management of Seattle’s 901 Fifth Avenue... 

Michael B. McCook Joins Trikona Group as Senior Advisor

Trikona Group, which contributes to the growth of India by creating new asset classes around real estate and infrastructure, today announced that Michael B. McCook, former senior investment officer of real estate for the California Public Employees Retirement System (CalPERS), has joined Trikona Group as one of three senior advisors. Mr. McCook will advise the fund management division of the Trikona Group, having spent over 20 years in senior executive... 

VFA and Bricsnet Team Up to Provide Comprehensive Solution for Capital Planning and Workplace Management

VFA, Inc., the leading provider of software and services for facilities capital planning and asset management, and Bricsnet, a leading provider of solutions for executive decision support and strategic planning in real estate, today announced a strategic alliance designed to help clients improve operating efficiencies and long-term planning for their real estate portfolios. Together, VFA and Bricsnet offer organizations with large, complex real estate... 

TIAA-CREF Global Real Estate’s One Boston Place Awarded First LEED-EB Gold Certification for Operations and Maintenance

TIAA-CREF Global Real Estate announced today that One Boston Place in Boston is the first building to earn the Leadership in Energy and Environmental Design (LEED) Gold designation from the United States Green Building Council (USGBC) for Existing Buildings: Operations & Maintenance. LEED for Existing Buildings: Operations & Maintenance is a rating system that recognizes buildings with maximum operational efficiency and minimal environmental...