Gail Kalinoski
Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor’s degree in journalism from Pace University.
Berkadia Buys Keystone Commercial Capital
Berkadia Commercial Mortgage L.LC. added new offices in three U.S. cities to its growing company and more than $2 billion in commercial real estate loans to its servicing portfolio with the acquisition of Keystone Commercial Capital.
Carey Watermark Buys Manhattan’s Courtyard Times Square West Hotel for $95M
Carey Watermark Investors has made its second Manhattan acquisition, buying The Courtyard Times Square West, a 224-room select service hotel, for $95 million.
GFI Development, GB Lodging Secure $350M in Financing for Manhattan’s The Beekman
Plans to convert the historic 5 Beekman St. in Lower Manhattan into a luxury lifestyle hotel with an adjoining condominium tower are moving forward now that the property owners and their joint venture partner have secured $350 million in financing.
Lincoln Property Sells 3-Building Office Asset in Orange County for $94M
Nearly three years after acquiring One Pacific Plaza through a receivership sale, Lincoln Property Co. and GEM Realty Capital have sold the three-building, Class A, Orange County office property to Prudential Real Estate Investors for $94 million.
ARC to Sell Multi-Tenant Shopping Center Portfolio to Blackstone
Looking to pay the bill for the Red Lobster sale-leaseback deal, American Realty Capital Properties said it intends to sell most of its multi-tenant shopping center portfolio to a Blackstone fund for $2 billion in cash.
RCS Capital to Acquire Strategic Capital Cos.
RCAP has entered into a purchase agreement with Validus Strategic Capital Partners, which owns SC Distributors, a wholesale broker-dealer of alternative investments, and Strategic Capital Advisory Services.
Walker & Dunlop Provides $278M Fannie Mae Credit Facility for 20 M-F Properties
Walker & Dunlop has provided a $278 million Fannie Mae credit facility to Milestone Apartments REIT, which is using part of the proceeds to fund two multi-family acquisitions totaling $78 million.
Gaming and Leisure Buys Meadows Racetrack, Casino in Washington, Pennsylvania for $465M
Gaming and Leisure Properties, a REIT that spun off from Penn National Gaming late last year, has acquired The Meadows Racetrack and Casino in eastern Pennsylvania for $465 million from Las Vegas-based Cannery Casino Resorts.
Senior Housing Properties Buys Vertex Pharmaceuticals Global HQ in Boston for $1.1B
In the biggest deal in Boston so far this year, Senior Housing Properties Trust has acquired the Vertex Pharmaceuticals headquarters on Fan Pier in the Seaport District from The Fallon Co. and an institutional investor for $1.1 billion.
Goldman Sachs Closes CRE Credit Fund with $4B
Goldman Sachs has closed its second real estate credit fund, Broad Street Credit Partners II, with more than $4 billion to invest in loans in Europe and the United States.