Real-Estate News: Blackstone Revisits Its Debt Plan for Hilton
Its going to strengthen our strengths and philosophically, I think go to website the two organizations are in tune. (Pictured left to right) Stuart Elsea, Dan Elsea, Charles Reinhart, Dave Lutton, Marsha Volchoff and Bill Miller.Courtesy photo As part of the deal, Lutton said Reinhart is now a division of Real Estate One, but Reinhart will maintain its own brand, sales offices, sales associates and management staff. Representatives from both companies declined to reveal the financial details of the deal on Tuesday. We dont intend on changing the (Reinhart) name at all, said Dan Elsea, president of Real Estate One. The Reinhart brand, everyone knows it in the marketplace. The acquisition comes as Washtenaw Countys real estate market is on the upswing; home sales are increasing, prices are strengthening and developers are proposing new home construction projects for the first time in years.
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Here is a look at real-estate news from Wednesdays WSJ, including the Property Report: Blackstone Revisits Its Debt Plan for Hilton :As Blackstone prepares to return Hilton to the public market, it once again is planning a huge CMBS deal for the worlds largest hotel chain that will test the debt market. Once Voracious Zell Puts Less on Real-Estate Plate : Sam Zell gained the nickname the grave dancer in the early 1990s for buying beaten-down real-estate properties and riding them to huge recoveries. During the recent downturn, he rarely has made it to the funeral. Developers Bet Big on Seattle :Seattles growing technology sector is giving area developers grand visions. This Sale Isnt for the Birds : New ownership will mean an end to a unique hotel tradition: duck parades at the Peabody Hotel in Orlando, Fla.
For the original version including any supplementary images or video, visit http://blogs.wsj.com/developments/2013/09/11/real-estate-news-blackstone-revisits-its-debt-plan-for-hilton/