property type: High Tech
Illinois’ Shelter-in-Place’ Order Doesn’t Apply to Construction Projects
Crain's Chicago Business The "shelter in place" order issued by Illinois Governor J.B. Pritzker last Friday does not include construction projects. Judy Frydland, commissioner of Chicago's Department of Buildings, said in email to "industry partners" that the sector was deemed ...
Heritage Equity to Lose Control of Brooklyn, N.Y., Hotel
The Real Deal Heritage Equity Partners is set to lose control of the Williamsburg Hotel in Brooklyn, N.Y. The New York company, which developed the 147-room hotel at 96 Wythe Ave. two years ago, defaulted on a $68 million mortgage ...
EagleBank Lends $67Mln Against Data Center in Washington, D.C., Area
EagleBank has provided $67 million of mortgage financing against the 199,097-square-foot data center and office building at 7990 Quantum Drive in the Washington, D.C., suburb of Vienna, Va. The loan, arranged by Phillips Realty Capital of Bethesda, Md., allowed the ...
138-Room DoubleTree Hotel in Nashville, Tenn., Sold
Nashville Business Journal Wexford Lodging Advisors has teamed with Trinity Private Equity Group to buy the 138-room DoubleTree Suites hotel in Nashville, Tenn., for $13.4 million, or about $97,101/unit. Nashville Ventures LLC sold the property, at 2424 Atrium Way, near ...
119-Room Hotel Opens in Charlotte Area
Charlotte Business Journal Maya Hotels has opened a 119-room Hilton Garden Inn in the Charlotte, N.C., suburb of Gastonia, N.C. The five-story property sits on three acres at 444 Cox Road. It includes 7,500 square feet of meeting space, a ...
San Diego Life Science Building Sold for $43.2Mln
Rentv.com TH Realty has purchased an 82,000-square-foot life science building at 10222 Barnes Canyon in San Diego's Sorrento Mesa submarket for $43.2 million, or $526.83/sf. Bollert | Lebeau sold the two-story building, which is fully leased to Invivoscribe Technologies and ...
Queens, N.Y., Hotel Trades for $36.5Mln
Commercial Observer Shulem Herman has paid $36.5 million for the Fairfield Inn hotel at 52-34 Van Dam St. in Queens, N.Y. The Brooklyn, N.Y., developer bought the property from Lam Group. He secured a $23.2 million mortgage to help fund ...
Legacy Investing Pays $64Mln for Atlanta-Area Data Center
A venture led by Legacy Investing LLC has paid $64 million, or $387.90/sf, for 1650 Union Hill Road, a 165,000-square-foot data center in the Atlanta suburb of Alpharetta, Ga. Legacy, an Arlington, Va., investment firm led by Jay Rappaport, former ...
Owner of Chicago’s Hotel Felix Faces Foreclosure
Crain's Chicago Business A foreclosure suit was filed late last month in Cook County, Ill., Circuit Court against the owner of the Hotel Felix in Chicago. A venture led by Oxford Capital Group owns the 225-room property in the city's ...
Hilton CEO Says Waldorf-Astoria is Not for Sale
Bloomberg Christopher Nassetta, chief executive of Hilton Worldwide Holdings Inc., has said the Waldorf-Astoria hotel in Manhattan is not for sale. The hospitality company manages the property on behalf of Anbang Insurance Group, a Chinese insurance company that bought it ...
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