This is the third hotel financing we have arranged this year on
trophy assets in downtown Tampa and downtown Orlando totaling nearly $175 million, Weinberg stated.
Sherri Schugart, senior managing director and president and CEO of Hines' Core Fund, said, "These
trophy assets delivered exceptionally strong returns to our investors."
These
trophy assets will deliver exceptionally strong returns to our investors."
Typically, these insurers have a strong preference for
trophy assets in gateway cities, particularly when they make their first overseas investments.
Gulf countries do not shy away from
trophy assets. Qatar owns Harrods, 95% of London s tallest building, the Shard, and Paris Saint-Germain, France s top football club.
He participated in numerous high-end office transactions within the World Financial Center, the World Trade Center and other
trophy assets throughout New York City.
Three partners had inherited the property and hired Von Der Abe and partners because of their niche expertise and experience with marketing
trophy assets in the Manhattan market.
He added: The positive economic impact of our
trophy assets, such as Burj Khalifa, The Dubai Mall and The Address hotels within Downtown Dubai makes us a catalyst for the economic growth of the city.
"We are very pleased to have facilitated the process of delivering one of New York City's
trophy assets to a new owner," said Edelstein.
"We're believers that New York is going to experience an extremely strong recovery, particularly for
trophy assets. This building is well situated to participate in that recovery," RXR president Scott Rechler said in an interview with Bloomberg News when the sale was One of the New York Tri-State area's premier real estate operating companies, RXR has a significant presence in Manhattan and the New York Tri-State area.
Rechnitz enjoyed a meteric rise at AFI-USA as the company indulged in a pre-recession spending spree bagging
trophy assets around the country.
In addition to discussing the rebranding effort his company has recently undertaken to distinguish its areas of focus and expertise, Malkin used the presentation as an opportunity to delve into the significant infrastructure improvements that W&H Properties, Malkin's brand for its New York City Pre-War
trophy assets, has taken to upgrade The Empire State Building, including an energy sustainability program for the property, executed in partnership with Jones Lang LaSalle, to significantly reduce the building's energy and greenhouse gas emissions.
