Mid-Atlantic
Chatham to Buy 178-Room Hyatt Place Pittsburgh/North Shore
Chatham Lodging Trust is about to enter Pittsburgh city limits. The hotel REIT just inked a deal to acquire the Hyatt Place Pittsburgh/North Shore from its developer, a joint venture involving Continental Cos. and Rockridge Capital.
Muss Development to Build New Foxwoods Resort in Catskills
Foxwoods Resort Casino and Muss Development have signed a partnership agreement to build a destination resort style casino and hotel on a 500-acre site in Liberty, New York.
Carey Watermark Buys NYC Holiday Inn Hotel for $113M
Carey Watermark Investors has made its first New York City acquisition with the $113 million purchase of the 226-room, 24-story Holiday Inn Manhattan 6th Avenue in Chelsea.
Meridian Arranges $55M Refi of 5 Columbus Circle in NYC
Five Columbus Circle, the 225,700-square-foot office tower at 1790 Broadway in Manhattan, has been refinanced to the tune of $55 million.
Clarion Scoops Up NYC’s 100-104 Fifth Ave. for $230M
The hot Midtown South office market in Manhattan saw a trophy property change hands this week with Clarion Partners acquiring 100-104 Fifth Ave., a 17-story, 277,412-square-foot building, from the Kaufman Organization and Invesco Real Estate for $230 million.
JLL Secures $112M in Non-Recourse Financing for Office Complex in Suburban DC
With the assistance of Jones Lang LaSalle’s Capital Markets division, the California State Teachers Retirement System has landed $112 million in financing for Lincoln Place, a 503,800-square-foot office complex in Arlington, Va.
HFF Secures $581M Refi for 16-Property Blackstone Hotel Portfolio
The Blackstone Group has refinanced a 16-property, 4,798-room hotel portfolio and golf course/tennis club with a $581 million loan obtained from GE Capital Real Estate.
$1.4B Sale of Share in GM Building is NYC’s Biggest in Years
In a truly international deal, a 40 percent stake in Manhattan’s iconic General Motors Building traded hands last Friday for a reported $1.4 billion.
Natixis Provides $128M for Chetrit M-F Redevelopment Project in NYC
Natixis Real Estate Capital has come through for Chetrit Group once again. The direct lender recently provided Chetrit–along with partners Clipper Equity and Robert Wolf of Read Property Group–with a $128 million loan for the purchase and predevelopment of the former Cabrini Medical Center complex on E. 19th St., in Manhattan.
CDT Buys Ocean Towers in Coney Island, Area Hit Hard by Sandy
Community Development Trust and Proto Property Services have teamed up on a $52 million project to buy and rehabilitate a 19-story, 380,000-square-foot apartment building in Coney Island, an area in Brooklyn hit hard by Hurricane Sandy.