General News

Hyatt Hotels Corp. has paid $148 million, or just more than $2.5 million/room, for the 59-room Ventana Big Sur, an Alila Resort, on a forested 160-acre parcel overlooking the Pacific Ocean in Big Sur, Calif. The Chicago hotel company bought...

Dwight Capital has provided $35 million of financing against the 316-unit Golden Gate Townhomes in Stone Mountain, Ga., which is roughly 15 miles east of Atlanta. The bridge loan allowed the property's owner, an investor group known as Elul LLC,...

Westcore has paid $108 million, or about $77.14/sf, for two industrial properties with 1.43 million square feet in California. The San Diego investor purchased the properties, at 2801 West Ave. H in Lancaster and 1744 East Beamer St. in Woodland,...

The $500 million of financing that Nightingale Properties and its venture partner, Wafra Capital Partners, had raised for the 1.2 million-square-foot 111 Wall St. office building in Manhattan included $89 million of financing under the Commercial Property Assessed Clean Energy,...

Multi Housing News Draper & Kramer has broken ground on Moda at The Hill, a 225-unit apartment complex in St. Louis. The property is being built at 2100 Boardman St., as part of an 11-acre community that the Downers Grove,...

Kushner Cos. has paid $46 million, or nearly $217,000/unit, for the 212-unit Spotswood Commons apartment property in Williamsburg, Va. The New York investor bought the 19-year-old property, at 100 Glenburnie Road, from Dolben Co. of Woburn, Mass., which was represented...

Crain's Chicago Business Trilogy Real Estate Group has paid $45.8 million, or $398,260/unit, for Park 205, a 115-unit apartment property in Park Ridge, Ill., about 15 miles northwest of Chicago. The Chicago investment and management firm acquired the property form L&B...

Rentv.com Lighthouse Investments has acquired the 120-room Loews Hotel 1000 in downtown Seattle. The purchase price was not disclosed. The Beverly Hills, Calif., company bought the property from Loews Hotel & Co. of New York, which had bought it in 2016....

MG Properties Group has paid $74.5 million, or $334,080/unit, for Centra, a 223-unit apartment property in Phoenix. The San Diego investor purchased the property from Fore Property of Scottsdale, Ariz., which was represented in the deal by Cushman & Wakefield....

Robert Bratley has joined JLL Capital Markets as senior director in its Denver office, where he'll focus on the sale of middle-market apartment properties. He joins from CBRE's Denver office, where he was first vice president. He previously was with...