Real Estate:REITS & Finance headlines from the week of July 21, 2008
Strategic Hotels sells Hyatt Regency Phoenix for $96M
Strategic Hotels & Resorts Inc. has sold the Hyatt Regency Phoenix to DiNapoli Capital Partners LLC in a joint venture with Pacific Coast Capital Partners for $96 million.
REITs navigate choppy market better than other benchmarks
After a rocky performance in 2007, real estate investment trusts aren’t exactly going gangbusters this year, but experts said they fared better than the S&P 500 and other benchmarks in the first half of the year. (BXP) (ARE)