Wed, 01 Apr 2015 07:50:11 +0000 Scottsdale hotel bought as part of $1.3B deal The JW Marriott Scottsdale Camelback Inn Resort & Spa was one of three hotels purchased by private equity and investment firm, Blackstone Group LP, Bloomberg reported.
The Scottsdale resort and the JW Marriott and the Ritz-Carlton in Orlando were purchased by Blackstone from a group led Paulson & Co. for approximately $1.3 billion, an unnamed source told Bloomberg.
If hotel values keep rising, this investment could turn out well for Blackstone, which is the world’s largest real estate private-equity…
Wed, 01 Apr 2015 07:18:19 +0000 Delicious competition on order in PHX Food Fight Round 2 The competition for our Phoenix Food Fight is about to get even dicier as we kick off Round 2 this week.
We are down to 32 restaurants in our four categories: fine dining, casual, fast-casual and pizza.
While a number of first round contests were pretty lopsided, we had some match-ups go down to the wire, including Los Dos Molinos knocking out Sam Fox’s Arrogant Butcher in the casual category, and Barrio Cafe edging out La Grande Orange.
In the fast-casual group, popular barbecue joint Joe’s…
Wed, 01 Apr 2015 07:04:19 +0000 GoDaddy tops targets with $440M IPO Internet domain registrar GoDaddy beat its IPO price targets, raising $440 million in Tuesday.
The Phoenix-based company, which is run by former Yahoo Chief Product Officer Blake Irving and is growing in Sunnyvale, said it sold 22 million shares at $20 each. It was expected to sell them for between $17 and $19.
It has been a long road to Wall Street for the company which hasn't turned a profit since it launched in 1997. But it will start trading Wednesday on the New York Stock Exchange Wednesday…
Wed, 01 Apr 2015 06:49:07 +0000 Wisconsin firm Hendricks buys Maui's only Kmart store for $20.5M Wisconsin-based Hendricks Commercial Properties LLC has purchased Maui’s only Kmart store from San Francisco-based SPI Holdings for about $20.5 million, according to public records.
The sale follows Hendricks’ purchase in September of the Waikoloa Highlands Center on the Big Island from Beverly Hills-based 3D Investments for about $22.5 million.
Hendricks recently formed 424 Dairy Road LLC for the purchase.
Located at 424 Dairy Road in Kahului, the seven-acre parcel includes the 108,000-square-foot…
Wed, 01 Apr 2015 04:31:21 +0000 Whole Foods Market to open bar, restaurant in Kahala Mall store As part of its major renovation plan, Hawaii's first Whole Foods Market store at Kahala Mall in Honolulu is opening a new bar and restaurant in May called Puka’s Hole in the Mall.
Similar to the Windward Bar at Whole Foods Kailua, Puka’s will offer 24 beers on tap, including imported, domestic craft and locally brewed beers and seasonal offerings from Maui Brewing Co. and Kona Brewing Co.
Big Island beef burgers, Maui taro burgers, Wings, pizza, fish and chips, charcuterie, oysters on the half…
Wed, 01 Apr 2015 04:02:12 +0000 One57’s record-breaking $100 million condo tops quarterly real-estate report Earlier this year One57 set a New York City real-estate record by selling one of its condos for a whopping $100.5 million. It’s little surprise, but the sale tops the list of highlights from last quarter’s Compass Manhattan real-estate market report.
Other highlights from the press statement include:
The overall median price in Manhattan peaked in early 2014 and has since been trending downward each quarter to the current median price of $900,000, an increase of 1.7 percent since last quarter…
Wed, 01 Apr 2015 04:01:03 +0000
Not receiving our weekly updates? You are missing out!
Click & "Like Us" On FaceBook
Let Us Learn and Do Business
Enhancing peoples lives professionally and personally by providing the connections of strategic alliances of like-minded people. Creating growth and development through mentoring and education.