Business Specialties
Mission Capital Arranges Acquisition Financing for Houston Hotel
The New York City-based company arranged a $15.3 million acquisition loan for the 120-key Staybridge Suites Houston—Medical Center in Houston.
Industrial Property Trust Nabs 104 KSF Asset
The company purchased the property in the Rancho Dominguez submarket of Los Angeles County for $12 million and has a $2.5 million renovation underway.
Equinix Invests $42M in SY4 Data Center Expansion
Phase two of the International Business Exchange data center will feature 1,500 additional cabinets, bringing the facility’s total capacity to 3,000. Delivery is scheduled for year-end 2017.
Embassy Suites by Hilton St. Augustine Tops Off
Set adjacent to Anastasia State Park, the resort boasts 535 feet of ocean frontage and will feature 175 rooms. Phase II will include an additional 90 to 100 accommodations.
Mid-Year Trends in CRE Financing
Dekel Capital Managing Principal Shlomi Ronen discusses how lenders are keeping the balance between borrower demand and new regulations and other mid-year trends in real estate financing.
Lifescapes Completes Design for $1.1B Resort in South Korea
Paradise Group and Sega Sammy Holdings are developing the 83-acre project, which will include a luxury hotel, a casino, a convention center, an art gallery, retail and restaurants.
MRM Capital Buys Seattle Office Campus
The property was completed in 1990 and incorporates nearly 195,000 square feet of Class A office space anchored by Allstate Insurance.
Streetplus to Manage 3 San Fran Benefit Districts
All three downtown Community Benefit Districts were previously managed by MJM management Group, which will serve as a local advisor to Streetplus over the next two years.
Hanley Negotiates $29M Inland Empire Retail Sale
Phillips Edison & Co. snagged the 110,004-square-foot Corona, Calif., property in the face of a competitive market for limited available properties.
Tavistock Inks Major Build-To-Suit Lease in Orlando
The company will create a new 240,000-square-foot campus for Orange Lake Resorts in the 200-acre, mixed-use Infinity Park, marking one of Orange County’s largest office transactions year-to-date.