News
CNL Affiliates Seek to Invest in Metro Atlanta Senior Housing
Two different branches of CNL Financial Group have shown interest in senior housing development in the Atlanta metro area. CNL Healthcare Trust plans on investing $21 million in the development of Dogwood Forest of Acworth, a senior housing community planned for Acworth, Ga., about 30 miles northwest of Atlanta.
C&W Finds Site for AS Roma’s Soccer Stadium in Rome
Acting on behalf of A.S. Roma S.p.A., Cushman & Wakefield has completed a mission in Italy, by helping identify a site for the development of a new stadium for a Rome-based soccer team.
Revel Resort Nails Down $150M in Additional Financing
Revel AC, the parent company of Revel, the newest popular resort and casino in Atlantic City, N.J., has completed an amendment to its existing revolving credit facility with JP Morgan Chase Bank N.A. as administrative agent and the participating lenders and financial institutions.
Economy Watch: Fiscal Cliff Bill Passes Congress; Serious Mortgage Delinquencies Dip
Congress finally passed the fiscal cliff bill yesterday morning. Serious mortgage delinquencies of more than 90 days past due declined in November. And Wall Street ended on a positive note yesterday.
Golden Door Spa in San Marcos Commands $25M
A luxury spa resort in San Marcos was recently sold with the aid of financing giant Holiday Fenoglio Fowler. The Golden Door Spa traded for a transaction total of $24.8 million free and clear of existing debt. The deal was arranged by a team led by Dan Peek and Bill Stadler, senior managing directors with HFF, and also consisting of Managing Director Scott Hall and Real Estate Analyst Alexandra Lalos. The new owner has also acquired the Golden Door brand, and retains the right to perform any expansions on the facility.
Perry & Associates Plans Spring Start for 70 KSF Lehi Office Project
The 70,000-square foot, Class A office construction is scheduled to begin in May 2013, with the development process set to be completed in one year, by March 2014. Set to take shape in the immediate vicinity of Interstate 15, the three-story office building will be located to the east of the State Road 92 exit, the Tribune writes. Its placement next to a TRAX line and proximity to the new Adobe campus and the Outlets at Traverse Mountain retail center make for an attractive location.
Procaccianti Group Buys Historic Renaissance Providence Hotel
by Adriana Pop, Associate Editor
The Procaccianti Group, a Cranston-based hotelier and development company, has acquired the Renaissance Providence Hotel from Sage Hospitality of Denver, Providence Business News, reported. Financial terms were not disclosed.
Located Downtown near the Rhode Island State […]
Procaccianti Group Buys Historic Renaissance Providence Hotel
The Procaccianti Group, a Cranston-based hotelier and development company, has acquired the Renaissance Providence Hotel from Sage Hospitality of Denver, Providence Business News, reported.
Rosemont Buys 381 KSF Nashville Office Complex
Rosemont Realty just increased its footprint in the Nashville, Tenn., office market by 381,000 square feet with the acquisition of Lakeview Place.
Indian Residential Market to Shine Stylishly via Swarovski Brand
Gateway Towers I is the latest Indian property to try and dazzle luxury seekers by associating itself with bedazzling brand giant Swarovski.