News | EDGE Asset Management

Hersha Hospitality Trust purchased the Courtyard Miami Beach Oceanfront Hotel at 3925 Collins Ave. in Miami Beach, FL for $ 95 million, or about $ 361,000 per key, from Economos Properties. The hotel totals 156,000 square feet in the Miami Beach submarket of Miami/Dade County. The 13-

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December 09, 2011

by Oriah

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$95M, Buys, Courtyard, Hersha, Hospitality, Miami

Retailers continue to chip away to find what works in urban environments. National Real Estate Investor

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December 08, 2011

by Oriah

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Continues, Evolution, Retail, Urban

Reuters – Bank stocks led a selloff on Wall Street on Thursday after the European Central Bank tempered hopes that policy-makers were priming a much anticipated financial “bazooka,” while European banks were told to increase their capital by 114.7 billion euros. Yaho

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December 08, 2011

by Oriah

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hits, Lows, Reuters, session, Street, Wall

GE Capital inked a 15-year lease to renew 292,000 square feet and expand to a minimum of 371,000 square feet at 500 W. Monroe in Chicago, IL. The expansion is scheduled for completion within two years. “GE Capital is committed to adding 1,000 jobs in the city of Chicago by 2014

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December 07, 2011

by Oriah

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371000, Capital, Monroe, Signs

Brookfield Asset Management is looking to make some big buys in the distressed space. National Real Estate Investor

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December 07, 2011

by Oriah

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Brookfield’s, Distress, Includes, Pursuit, Stuyvesant, Town

Reuters – Hopes the euro zone will figure out a solution to its ongoing debt crisis inspired enough buying to push stocks to a third day of gains on Wednesday in light trading. Yahoo! News: Business News

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December 07, 2011

by Oriah

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edges, eyes, Reuters, summit, Wall

Reuters – Standard & Poor’s has warned it may carry out an unprecedented mass downgrade of euro zone countries if EU leaders fail to deliver a convincing agreement on how to solve the region’s debt crisis in a summit on Friday. Yahoo! News: Business News

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December 06, 2011

by Oriah

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budget, piles, Plan, pressure, Reuters

This week’s People of Note includes the following markets: Atlanta, Austin, Houston, Long Island, Los Angeles, New York City, San Francisco and Washington, DC. WASHINGTON, DC Bevirt To Head DC-Area Leasing at Brookfield Dave Bevirt joined Brookfield Office Properties (NYSE: BPO)

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December 06, 2011

by Oriah

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20Dec., CoStar's, Note, Nov., People

The industrial sector has quietly had a strong 2011. National Real Estate Investor

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December 05, 2011

by Oriah

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2012, Continues, Experts, forecast, Industrial, Market, Rebound, Strong

Reuters – Stocks jumped at the start of what could be the most important week of the year for Wall Street as hopes grew that European leaders will find a solution to the region’s debt crisis at a summit on Friday. Yahoo! News: Business News

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December 05, 2011

by Oriah

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Debt, gains, hopes, Reuters, solution, Street, Wall

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Hersha Hospitality Buys Courtyard Miami for $95M

Urban Retail Continues its Evolution

Wall Street hits session lows (Reuters)

GE Capital Signs for 371,000 SF at 500 W. Monroe

Brookfield’s Eye on Distress Includes Pursuit of Stuyvesant Town

Wall St edges up with eyes on EU summit (Reuters)

S&P piles pressure on EU budget plan (Reuters)

CoStar’s People of Note (Nov. 20-Dec. 3)

Industrial Market Continues Rebound; Experts Forecast Strong 2012

Wall Street gains on hopes for EU debt solution (Reuters)