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Morgan Stanley Real Estate Closes $8 Billion Real Estate Fund

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Morgan Stanley Real Estate has closed MSREF VI International with $8 billion of equity commitments from institutional and retail investors in North America, Europe, the Middle East and Asia.
 

Crescent Rakes in $445M for Five Hotels, One Office

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Moving forward fast with its plan to become a pure-play office REIT, Crescent Real Estate Equities Co. just sold five hotel and resort properties and one premier office building for $445 million. The news comes on the heels of the company's announcement earlier this week of its pending $6.5 billion acquisition by Morgan Stanley Real Estate.
 

Real Estate Investors.TV Opens to Public

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MARIETTA, Ga., Jan. 23 /PRNewswire/ -- More than $2 billion is spent annually in the U.S. on real estate investment education, and House Buyer Network's Real Estate Investors.TV took its first step toward disrupting that industry today with its public launch in North America.
 

Weber +Thompson Names New Principals

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JANUARY 26, 2007 -- Seattle -- Weber + Thompson has named nine new principals to help lead the full-service architecture, planning and interior design firm, based in Seattle. The company’s new leadership was selected to further its design emphasis on sustainability. The new principals are: Catherine Benotto (pictured), AIA, ASLA, LEED AP; Donna Bergeron, ASID; Dan Foltz, AIA; Peter Greaves, AIA; Elizabeth Holland; Rick Nishino, AIA; Steve Price, AIA; Wolf Saar, AIA, LEED AP; and Jim Westcott, AIA. The firm’s longtime principals are Scott Thompson, AIA; Blaine Weber, AIA; and Kristen Scott, AIA, LEED AP.

 

Ruffin Negotiating Sale of Strip Site for $1.2B

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LAS VEGAS-Billionaire businessman Phil Ruffin says he is close to signing an agreement to sell a few dozen Strip-front acres here that includes the New Frontier Hotel & Casino for $1.2 billion. Located across from Steve Wynn’s development, Ruffin acquired the acreage in the late 1990s for less than $200 million, according to published reports.

 
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