Karen Schutte

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Tucson Marriott Hotel Included in $430 Million Portfolio Sale

This article has been archived, please login for access or subscribe now by going to the subscribe tab at the top of page. MCR Development of New York purchased the TownPlace Suites by Marriott at 6595 S Bay Colony Drive in Tucson for[mepr-show rules=”58038″]$7.21 million ($79,176 per suite). The 3-story hotel, (constructed 2008) is 50,371-square-feet

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ARCP & Cole Real Estate Merger Valued at $11.2 Billion

NEW YORK CITY-Having sought unsuccessfully to acquire Cole Credit Property Trust III this past spring, American Realty Capital Properties Inc. will be taking over Phoenix-based Cole Real Estate Investments Inc., the REIT formed from the subsequent merger of Cole Credit III and Cole Holdings. Valued at $11.2 billion, the merger announced Wednesday morning—along with the

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