Mihaela Coste
Historic Atlanta Hotel Lands $16M Refi
Formerly known as Cox-Carlton, the 140-key property operated under the Days Inn franchise between 1985 and 2004. Ashford Trust acquired the asset in 2015 for $26 million.
Historic Charleston Cigar Factory Lands $50M Refi
Constructed in 1881, the building now offers creative office space, a signature restaurant, high-end retail and grade-level parking. Patterson Real Estate Advisory Group secured the fixed-rate, 20-year loan.
LAX Office Tower Trades
The new owner plans to reposition the asset, with changes including a complete rebranding, cosmetic exterior upgrades, and a full renovation of the lobby and entrance.
LA-Area Retail Asset Trades for $20M
Marcus & Millichap facilitated the transaction of the 111,830-square-foot Walmart-anchored center in Norwalk on behalf of the seller, Newmark Merill Co.
Douglas Development Buys $66M Land for DC Project
The site is part of the 15 acres that the company acquired to develop NewCityDC, a 1.5 million-square-foot mixed-use project that will offer apartments, townhomes, retail and a hotel.
Avison Young Expands in Eastern Europe
This is the Canadian company’s first office in Romania, tenth in Europe and 80th globally. David Canta, managing director & principal, will lead local efforts.
Phoenix-Area Retail Center Lands $31M in Financing
Meridian Capital Group represented the borrower in securing the three-year, floating-rate loan for the acquisition of a mixed-use retail center located in Peoria.
New York Office Asset Changes Hands in $25M Deal
One Lincoln Center underwent a $10 million renovation in 2016 and was 86 percent leased at the time of the transaction. The 17-story asset was built in 1970 and is the tallest building in Syracuse.
Palm Beach-Area Retail Asset Lands $46M Refi
The Class A, 120,000-square-foot PGA Plaza Shopping Center is owned by an affiliate of Menin, The property last traded in 2003.
LA Retail Asset Lands $29M in Financing
HFF represented the borrower in securing the two-year, fixed-rate loan for the acquisition of a 244,000-square-foot retail structure anchored by Macy’s.