Bloomberg reports that InterContinental Hotels will pay $430 million for Kimton Hotels & Restaurants. Kimco has acquired the remaining interest in a 39-property retail portfolio it owned in a joint venture with a Blackstone subsidiary, according to Commercial Property Executive. Multifamily building sales in New York City reached more than $1 billion in volume in October, claims The Real Deal. These are among todays must reads for the commercial real estate industry.
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