Property Types Retail
W Hotels Debuts in Europe with W Istanbul
May 6, 2008

W Hotels Worldwide will mark its entry into Europe today with the grand opening of W Istanbul. Owned by Akaretler Otel Isletmeciligi ve Turizm A.S., W Istanbul features 134  guest rooms, including 26 suites, Chef Jean-Georges Vongerichten’s Spice Market restaurant, and a signature spa. Located in the Besiktas district of Istanbul the property is in close proximity to the Bosphorus Strait and Nisantasi, the SoHo of Istanbul. The project complex in which W Istanbul is located also includes a retail component.



 
Recent Retail Headlines
Corus, Lehman Bros. Make D.C. Loans
Corus Bank closed a $72 million loan to MR BP Office #1 L.L.C. to finance the construction of a nine-story Class A office building located at 55 M Street SE in Washington, D.C.
H&M Opens First of Series of Atlanta Shops
The Swedish clothing retailer will debut its first in-town store at Atlantic Station on June 13.
JV Formed to Develop Suburban Des Moines Retail
Capital Growth Madison Marquette of Minneapolis and DRA Properties L.L.C., an Ankeny, Iowa-based real estate company, have formed a partnership to develop about 500,000 square feet of retail space in Ankeny.
Barneys CEO Officially Resigns
Following several rumors and reports of the resignation of its CEO, Barneys New York has officially announced that Howard Socol, chairman, president and CEO of the company, has resigned.
Macy's Announces Openings in Southwest
Cincinnati-based Macy's Inc. announced plans to open three new Macy's stores in the Phoenix market within the next two years.