News

Texas Real Estate News: Occidental Tower in Dallas Acquired by New York Life Real Estate Investors and Encore Office, LLC

The 24-storey, 549,170-square-foot Class AA Occidental Building, now known as 5005 LBJ Tower, was recently acquired by New York Life Real Estate Investors and Encore Office, LLC. The building is located at the northwest corner of the Dallas North Tollway and the newly re-constructed LBJ Freeway in Dallas.

Portugal Real Estate News: Vivamarinha Hotel & Suites Joins Starwood’s Sheraton Brand

Vivamarinha Hotel & Suites, owned and managed by United Investments Portugal (UIP), is going to join the Sheraton brand of Starwood Hotels and Resorts Worldwide, Inc., and will start operating as Sheraton Cascais Resort on Feb. 24, 2016, under a franchise agreement between Starwood and UIP.

Real Estate News: Median Home Prices in Metro Areas Increased in the Fourth Quarter of 2015, NAR Says

The median price of an existing-single family home in 81 percent, or 145 out of 179 homes in the metropolitan statistical area (MSA), has shown an increase in the third quarter of 2015 in a year-over-year basis, while the remaining 34 areas have recorded a lower median home price compared from the year earlier.