Georgiana Mihaila

Loews & Universal Break Ground on 1,800-Room Cabana Bay Beach Resort

By Georgiana Mihaila, Associate Editor Loews Hotels & Resorts and joint venture partner Universal Parks & Resorts have broken ground on one of the largest hotels currently under construction in the U.S—the 1800-unit Universal’s Cabana Bay Beach Resort. The hotel will be built on a 37-acre site within Universal Orlando Resort and adjacent to Universal’s […]

Undisclosed Buyer Pays $293M for Metro Atlanta’s Largest Hotel

The 1,663-room Atlanta Marriot Marquis has recently traded owners, but no investor has yet claimed responsibility for the $293 million acquisition. Seller Host Hotels & Resorts announced that the sale went through on January 11, but has been reluctant to provide extra information.

Retrofitted Kennesaw Facility to Serve as Novelis’ New Global R&D Center

Rolled aluminum and aluminum can recycling giant Novelis prides itself with a new 160,000-square-foot Global Research & Technology Center in Kennesaw. The facility, located merely 25 miles from the company’s corporate headquarters in Atlanta, previously served as office and warehouse space for a chemical manufacturer.

Beacon Pursues Texas Properties, Snags One City Centre

Following its purchase last month of Ashford 5, 6 and 7—a 560,000-square-foot office portfolio located in Houston’s Energy Corridor—Beacon Investment Properties has now closed on One City Centre, a Class A office building located in the heart of Houston’s Central Business District.

HFF Arranges $85M Refi for The Houstonian Hotel, Club & Spa

Holliday Fenoglio Fowler L.P. arranged an $85 million refinancing for Houston’s premier luxury hotel and fitness facility, The Houstonian Hotel, Club & Spa. Working on behalf of owner The Redstone Cos.—a privately owned company with a focus on hospitality, real estate and private equity—HFF secured the fixed-rate loan with AXA Equitable Life Insurance Co. providing the capital through its advisor, Quadrant Real Estate Advisors.

Klein & Heuchan Closes Sales of Tampa Bay Properties

Clearwater, Fla.-based commercial real estate firm Klein & Heuchan Inc. has made several appearances in the local press after mediating the successful sales of two commercial properties within the past week.

Marcus & Millichap Hired to Market $1B Mixed-Use Apopka Development

By Georgiana Mihaila, Associate Editor

Last week, Marcus & Millichap Real Estate Investment Services was hired to sell the $1 billion Kelly Parks Crossings, which would be the largest development ever to rise in Apopka.
Paul Bouldin, a senior associate in the Tampa […]

Trump Offers $170M for Doral Golf Resort & Spa

By Georgiana Mihaila, Associate Editor
Donald Trump is eying several golf deals in Florida, with plans to start with the purchase of the Doral Golf Resort & Spa; Trump has confirmed that his company will pay $170 million for the luxury […]

Ravinia Drive Buildings Land Major New Office Tenant, Complete Renewal

 By Georgiana Mihaila, Associate Editor
Internap Network Services Corp. has recently announced plans to relocate its headquarters from Downtown Atlanta to One Ravinia Drive, a 17-story office building in the Perimeter submarket owned by Hines. Internap, which is in the midst […]

Opening Nears for New Hampton Inn & Suites

By Georgiana Mihaila, Associate Editor
With the opening date set for September 2011, Hampton Inn & Suites Miami Brickell-Downtown has begun wrapping up the final details by appointing two new members to the hotel’s senior staff. Eduardo Chapoval, appointed general manager, […]