Suzann D. Silverman
Suzann D. Silverman is editorial director of CPE. She has covered the commercial and multifamily real estate industry since 1995, becoming editor-in-chief of Commercial Property Executive (formerly Commercial Property News) in 1998 and editorial director of both CPE and Multi-Housing News in 2016. She is also a longtime board member of the National Association of Real Estate Editors, currently serving as vice president. You can reach her at suzann.silverman@cpe-mhn.com.
Holiday Inn Resort Lake Buena Vista Sold
ROCH Capital has recently acquired the Holiday Inn Resort Lake Buena Vista from Vista Hospitality Company. The new owners commissioned Portfolio Hotels to manage the asset.
Two Norcross Communities Get $22M Bridge Loan for Renovations
Centre at Peachtree Corners and Summit at Dawson obtained a $22 million bridge loan that will facilitate the exterior and interior renovation, as well as the reposition of the two residential properties into affordable Class A assets. Pembrook Capital Management LLC closed the transaction on behalf of the borrowers, Five Mile Capital’s joint venture with Audubon Communities.
Luxury Condos at The Edge on Brickell Hit the Market
The Edge on Brickell condominium has announced that it is launching sales. The project is the only new luxury residential development on the waterfront of Miami River.
NAREE Special Report: Retail Recovery Remains Delayed
Don’t expect the retail sector to recover just yet. Coming off of a pre-recession to recovery period that is the longest since World War II, it won’t be back to health before 2016 or even 2017, according to Naveen Jaggi.
Luxury Casitas Come to Sabino Canyon
The Pima County Board of Supervisors has recently voted to approve re-zoning for building a luxury-style apartment home complex consisting of 130 casitas on Tucson’s east side on a 15.1-acre land along Sabino Canyon Road.Sabino Canyon Road Properties develops the project and has plans for three-bedroom luxury rental units located between Cloud road and East River road.
NorthMarq Capital Secures Lake Weston Point Community Refinance
NorthMarq Capital secured an $8.83 million refinance for Lake Weston Point Apartment Homes.
Atlantic Station Gets More EV Charging Units
Electric car driving tenants, employees and visitors of the Atlantic Station mixed-use community in Atlanta can breath a sigh of relief knowing they will never again have to leave the complex with a dying battery. According to a recent announcement, four new Level 2 electric-vehicle charging units have been put in operation in the underground parking garage on P1, near the valet station.
Le Parc at Brickell Condo Developers Close on $19M Loan
A joint venture between ALTA Developers and Strategic Properties Group broke ground just last month on Le Parc at Brickell, a 12-story, 128-unit luxury condominium going up in Miami’s upscale Brickell Financial District at 1600 SW 1st Avenue. The companies have released a publication recently, announcing the closing of a $19 million construction loan from Banco de Crédito e Inversiones Miami Branch.
Economy Watch Weekly: April’s Solid Jobs Report
CPE’s economic analyst, Dees Stribling, gives his update for the week ending May 2, 2014.
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