Finance
Coachella Valley Resort Lands $212M Financing
The Robert Green Co. will use the loan to construct the first phase of SilverRock Resort and Residences, which is expected to include Montage- and Pendry-branded hotels.
DC Moxy Hotel Receives $47M Loan
Working on behalf of Douglas Development Corp., BHI arranged the refinancing of a 200-key hotel that includes more than 4,000 square feet of retail space.
Nashville Holiday Inn Sells for $118M
The buyer, Highland Capital Management, assumed three CMBS loans taken by the seller between 2016 and 2017 and totaling $72.5 million.
How the Volatile Stock Market Impacts CRE Investment
To understand the current situation, CBRE’s global chief economist highlights two previous economic implosions, which took place under conditions similar to today’s but had substantially different outcomes.
REITs 2019 Outlook: Ready to Outperform
A Timbercreek report identifies five factors favoring REITs this year, including an expected increase in allocations to real estate and resilient earnings growth.
Santa Monica Retail Receives $10M Refi
NorthMarq’s Los Angeles office secured the permanent fixed-rate loan through a CMBS lender. The approximately 16,000 square feet retail space is located in the city’s shopping district.
First-Ever Marriott, Sheraton Hotel Takes Shape in TX
The dual-branded hotel in Amarillo, Texas, will be converted from an existing 229-key property. Mission Capital arranged financing for the project on behalf of developer Ram Hotels.
Berkadia Finances Cleveland US Bank Center
The $33.2 million loan features a 10-year fixed rate and a 67 percent loan-to-value ratio and was secured on behalf of The Wolstein Group.
Enel Begins Work on 450MW Wind Farm in Texas
Upon completion, the project will be Enel’s largest wind farm, anticipated to generate around 1.7TWh annually and prevent the emission of more than 1.1 million tons of carbon dioxide per year.
108-Key Chicago-Area Hotel Changes Hands
An affiliate of Skokie-based Opine Properties has bought the Country Inn & Suites in Prospect Heights from a private investor.