Triangle Capital Group has acquired a substantial stake in the Marriott Houston Westchase, a 604-room hotel, effectively recapitalizing the 39-year-old property. As part of its transaction, the New York investor, which now owns the property with Pyramid Hotel Group, has ...
Commercial Real Estate Direct Staff Report The $72.7 million CMBS loan against the 604-room Marriott Houston Westchase is not expected to get paid off by its November maturity, so it's been transferred to special servicer C-III Asset Management. The loan ...
JPMorgan Chase has provided a $91.58 million floating-rate mortgage to fund Brookdale Group's acquisition of Colonial Center at TownPark, a four-building office portfolio with a total of 662,320 square feet in Lake Mary, Fla.
Beacon Capital Partners is offering for sale Hunters Branch, an office complex with 411,832 square feet in the Washington, D.C., suburb of Fairfax, Va. It has hired JLL to market the two-building property, which recently has seen a substantial increase ...
A venture of ESJ Capital Partners and PointOne Holdings has paid $51 million, or roughly $135/sf, for International Park and Blue Lake Center, two office properties with 377,921 square feet in Birmingham, Ala. The venture acquired the properties, which are ...
Bear Stearns Commercial Mortgage Securities, 2007-PWR18, received $29.6 million of gross proceeds from the sale of the Southlake Mall in Morrow, Ga. As reported, the property had backed $94.1 million of debt, a $66.1 million piece of which was securitized ...
The Southlake Mall in Morrow, Ga., sold for $37.1 million, significantly less than the $94.1 million of debt that had encumbered 273,997 square feet of the 1.1 million-sf retail property. Vintage Real Estate of Los Angeles bought the suburban Atlanta ...
The Real Deal A venture of Yucaipa Cos. and Midtown Equities has paid $81 million, or $940.77/sf, for 29-35 Ninth Ave. in Manhattan, an 86,100-square-foot building that houses a Soho House hotel and social club. The property backs a $16.3 ...
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© 2023 Commercial Real Estate Direct All rights reserved..