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Pebblebrook Hotel Trust has sold the 306-room Sofitel Philadelphia at Rittenhouse Square for $80 million, or $261,438/room. The buyer couldn't be identified immediately. The sales price results in an 8.6 percent capitalization rate based on 2019 net operating income, Pebblebrook...

REJournals.com Bridge Industrial has signed a pair of logistics companies to leases totaling 1.38 million square feet at its Bridge Point Melrose Park, a 1.54 million-sf industrial project that's under construction in Melrose Park, Ill., about 16 miles west of...

Prime Finance has provided $52 million of financing to facilitate Longpoint Realty Partners' purchase of four industrial buildings with 84,346 square feet and two parcels of development land within the Van Nuys Airport Industrial Center in suburban Los Angeles. The...

Class Amt $mln Sub Level% Avg Life (yrs) Rating Fitch Rating Kroll Rating S&P Pricing % Yield% Final Pricing (bp) Bnch mark A-1 11.75 30.00 2.90 AAA AAA AAA 100.000 2.358 +60 P spread A-2 6.86 30.00 5.01 AAA AAA...

Carmen I. Pagan has joined law firm Romer Debbas LLP as partner and head of its agency-lending practice. She joins from Blank Rome LLP, where she was of counsel and had represented construction lenders, Freddie Mac seller/servicers and other commercial...

Atlanta Business Chronicle Northwood Investors has paid $74 million, or about $324.56/sf, for a portfolio of five office buildings totaling 228,000 square feet in Atlanta. The Charlotte, N.C., company bought the portfolio from Preferred Apartment Communities Inc., which is exiting...

Charlotte Business Journal Proffitt Dixon Partners has plans to build the Caroline mixed-use development in Cornelius, N.C., about 20 miles north of Charlotte, N.C. The property is being planned for 16.3 acres on South Street in the city's downtown area....

Real Estate NJ Accurate Builders and Developers has acquired a development site at 100 and 125 Cherry Hill Road in Parsippany, N.J. The seller and purchase price were not disclosed. Cushman & Wakefield brokered the deal. Accurate, of Lakewood, N.J.,...

Commercial Real Estate Direct Staff Report Sunstone Hotel Investors Inc. has turned over the 460-room Hilton Times Square hotel in Manhattan to its CMBS lender in a deed-of-lieu foreclosure. The property, in the 20 top floors of the 44-story building...