Business Specialties
Mack-Cali Unveils $50M NJ Capital Improvement Initiative
The REIT plans to renovate building exteriors, install state-of-the-art amenities and modernize common areas throughout its portfolio of properties in Parsippany, Short Hills, Metro Park and Red Bank, N.J.
Hilton Opens 185th Home2 Suites Hotel
Home2 Suites by Hilton Lafayette offers convenient access to Purdue University, as well as Purdue University Airport. The hotel features the brand’s specific amenities.
Harbor, Goldman Sachs Close Denver Off-Market Transaction
The deal represents the ninth value-add office acquisition for Harbor in the last two years and is the firm’s first building in the Denver market.
Law Firm Relocates to Pittsburgh CBD
The law firm first announced plans to move its headquarters back in November 2016. At that time, the site of its new offices—Union Trust Building—was 75 percent leased.
Hunter Hotels Brokers Sale of AR Hotels
The company facilitated the sale of the 78-key TownePlace Suites by Marriott and the 130-key Candlewood Suites Rogers in Bentonville. Investra Capital Inc. purchased the two assets.
Aloft and Element Hotels Receive $140M Financing
HFF arranged the financing of the 330- and 180-key hotels on behalf of the borrower, through Starwood Property Trust. The hotels opened for business in 2016.
BlackRock Sells LA Office
Eastdil Secured represented the seller of Pacific Corporate Towers, a three-tower office building in El Segundo, Calif., which an institutional investor purchased.
New $70M Facility Breaks Ground in the South Texas Medical Center
The building, slated for completion in late 2019, will total 108,000 square feet and comprise open research labs, laboratory support, administrative and research faculty offices and a large vivarium.
CBRE Arranges Sale of Caribbean Resorts
DLJ Real Estate Capital Partners sold the assets to Wind Creek Hospitality, the principal gaming and hospitality enterprise of the Poarch Band of Creek Indians, Alabama’s only federally recognized tribal entity.
The Story of a Local Lender With Double-Digit Yields
Broadmark Capital’s president discussed the lending market, its challenges and how the company managed to maintain average annualized returns of 11 percent or more since its inception in 2010.