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Monthly Archives: March 2013

Andaz San Diego Hotel Sold to Inland Real Estate Group

The six-story, 159-room Andaz San Diego Hotel was sold to Inland Real Estate Trust for $53M according to global commercial real estate research and data provider Real Capital Analytics.

The buyer, one of six REITs that are, or have been, sponsored by affiliates of The Inland Real Estate Group of Companies, financed its purchase in part with a $26.5 million loan from Wells Fargo & Co., according to RCA.

Andaz San Diego Hotel Sold to Inland Real Estate Group

The six-story, 159-room Andaz San Diego Hotel was sold to Inland Real Estate Trust for $53M according to global commercial real estate research and data provider Real Capital Analytics.

The buyer, one of six REITs that are, or have been, sponsored by affiliates of The Inland Real Estate Group of Companies, financed its purchase in part with a $26.5 million loan from Wells Fargo & Co., according to RCA.

Secondary and Tertiary Markets Have Yet to Rebound in Europe

Assets in prime locations remain a focus in Europe in spite of the recent £800m Chiswick Park office complex located in a secondary location.

In the fourth quarter of 2012, about 72 per cent of the €38.2bn invested in European real estate markets was focused on the UK, Germany and France, according to latest capital flows data from global commercial property data and trends firm Real Capital Analytics. Only 3 per cent of capital invested in real estate found its way into the third and fourth biggest economies in Europe – Italy and Spain.

Secondary and Tertiary Markets Have Yet to Rebound in Europe

Assets in prime locations remain a focus in Europe in spite of the recent £800m Chiswick Park office complex located in a secondary location.

In the fourth quarter of 2012, about 72 per cent of the €38.2bn invested in European real estate markets was focused on the UK, Germany and France, according to latest capital flows data from global commercial property data and trends firm Real Capital Analytics. Only 3 per cent of capital invested in real estate found its way into the third and fourth biggest economies in Europe – Italy and Spain.

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