Patrick Clark

Blackstone Inc. is selling a preferred equity stake in the CityCenter Las Vegas complex to Realty Income Corp. in a deal that lets the alternative asset manager cash in on its investment while retaining control of the property.

A pair of San Francisco hotels whose travails exemplified a fallen commercial real estate market are changing hands, marking a milestone in the city’s comeback story as it attracts some of the world’s largest investors.

Quadrum Global is working with advisers to explore a potential sale of Arlo Hotels, a boutique lodging chain with outposts in New York, Miami and Washington.

Blackstone Inc. is nearing a deal to acquire the Four Seasons Hotel San Francisco, a bet that the city’s economic rebound will lift the local lodging market.

Koch Real Estate Investments is raising its stake in single-family rental firm Amherst Group in a deal that makes the Koch Inc. subsidiary the real estate firm’s largest outside investor.

Koch Real Estate Investments is raising its stake in single-family rental firm Amherst Group in a deal that makes the Koch Inc. subsidiary the real estate firm’s largest outside investor.

Compass Inc. agreed to buy Anywhere Real Estate Inc. in a $1.5 billion stock deal that would cement Compass’s status as the largest residential brokerage in the US.

There will be no Manhattan casino.

Two prolific hotel investors are partnering to acquire the InterContinental New York Times Square, as a frozen dealmaking market in the lodging industry begins to thaw.

Seibu Prince Hotels Worldwide reached a deal to acquire the parent company of Ace Hotel, betting that the influential lodging brand can help the firm expand globally.