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Motel 6 bought by Hilton owner Blackstone for $1.9 billion - Los Angeles Times


AFP

Motel 6 bought by Hilton owner Blackstone for $1.9 billion
Los Angeles Times
Blackstone's Real Estate Partners VII fund said it plans to "accelerate the expansion of the franchise base" for Motel 6 and Studio 6. Accor said it will use proceeds from the sale to slash its debt and grow its luxury Sofitel and Novotel hotels in ...
Accor to Sell Motel 6 Chain to Blackstone for $1.9 BillionSan Francisco Chronicle
5 things to know: 22 May 2012Hotel News Now

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A Real Estate Firm's History Is Told in Its New Home - New York Times


New York Times

A Real Estate Firm's History Is Told in Its New Home
New York Times
He has continued down that path since the sale of Reckson Associates to SL Green Realty Trust in 2007, and now manages his interests under the rubric RXR Realty. The split was painful for the family, and Gregory Rechler said the process of moving the ...


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Atlantic and Cape May counties see existing home sales rise 17 percent in April - Press of Atlantic City


Atlantic and Cape May counties see existing home sales rise 17 percent in April
Press of Atlantic City
Jerome DiPentino, owner of Premier Properties Real Estate, and his wife, Angel, of Longport, stood outside a property they listed for sale at $5.9 million on South 20th Street in Longport. Realtors say wealthy buyers are showing more interest now.

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Closing advice: Navigating settlement in a for-sale-by-owner real estate deal - Washington Post


Closing advice: Navigating settlement in a for-sale-by-owner real estate deal
Washington Post
Dealing with the myriad legal details at the closing can be one of the most difficult parts of selling your home without a real estate agent. In previous columns, we've outlined the advantages of a for-sale-by-owner transaction — mainly, saving tens ...


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Homeowners try to sell by themselves as S. Florida market rebounds - Sun-Sentinel


Homeowners try to sell by themselves as S. Florida market rebounds
Sun-Sentinel
More-expensive services include access to a local MLS and assistance handling the contract from a real estate attorney. For-sale-by-owner isn't for everyone, said Jon Holbrook, president of BuyOwner. One of his employees, Dan Bodenstein, has sold three ...


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Calif. Firm Finds Niche With 'Premium Properties' - Memphis Daily News


Calif. Firm Finds Niche With 'Premium Properties'
Memphis Daily News
By Sarah Baker Investment firms nationwide are snatching up single-family real estate-owned (REO) properties, renovating and renting them, and then selling them to other investors. This “house flipping” is seen as especially opportunistic in Memphis, ...

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State Fair of Virginia site sells for $5.35M - Progress Index


The Republic

State Fair of Virginia site sells for $5.35M
Progress Index
... the 360-acre Meadow Event Park site where Triple Crown winner Secretariat was born, for $5.35 million plus more than $320000 in buyers' fees, according to Mark Motley, owner of Motley's Auction & Realty Group, which conducted Tuesday's sale.
State Fair of Virginia Property to be Sold at AuctionThe Charlottesville Newsplex

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Phillipsburg Mall owner looking to sell shopping center - The Express Times - LehighValleyLive.com


The Express Times - LehighValleyLive.com

Phillipsburg Mall owner looking to sell shopping center
The Express Times - LehighValleyLive.com
Owner Pennsylvania Real Estate Investment Trust has put the mall up for sale. The Phillipsburg Mall is being marketed for sale, part of a strategy by its owner to unload noncore assets to pay off debt. Pennsylvania Real Estate Investment Trust ...


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Home sales up across the country - New York Daily News


New York Daily News

Home sales up across the country
New York Daily News
So they are getting off the fence," said Tony Geraci, the owner of Century21 Homestar, a real estate firm in Cleveland. Geraci said sales at his firm are up about 15 percent over last year. He credited that to a milder winter this year, better housing ...
April home sales in Illinois up 15.7% from a year ago; median prices stable ...MarketWatch (press release)
Housing market shows early signs of healingmsnbc.com (blog)
April Existing-Home Sales Increase, Prices on the RiseLoanSafe

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Christopher Schlank - New York Times


New York Times

Christopher Schlank
New York Times
Mr. Schlank, 45, is a managing partner and the founder of Savanna, a private equity and asset management firm that invests in commercial real estate. All of its properties are currently in the New York region, including 34 Penn Plaza and downtown ...


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