Regions
Boyd Gaming JV Closes $950M Borgata Hotel Casino Debt Financing Deal
Marina District Development Co., the Las Vegas-based 50/50 joint venture that owns the Borgata Hotel Casino and Spa in Atlantic City, N.J., has wrapped up debt financing totaling $950 million.
Fuller Partnership “Perfect Fit” to Expand Cassidy Turley into Denver
Cassidy Turley’s latest expansion move did more than give the company a full-service presence in Denver. The fast-growing company, formed on March 1 with the partnership of a number of former Colliers firms and an assortment of others, found in Denver heavyweight Fuller Real Estate a “perfect fit.”
Canyon-Johnson Equity Paves Way for New Baltimore-Area Mixed-Use Project
The Oxford Square transit-oriented development project in Hanover, Md., just got a substantial boost–in the form of preferred equity capital totaling $17.5 million from Canyon-Johnson Urban Funds. And while mixed-use projects are hardly rare in the area today, BRAC promises to increase demand in the near future.
$342M Financing Package Moves Plans Forward for Ritz-Carlton Resort in Puerto Rico
It may be tough to attract financing today to hotel resort ventures–especially hundreds of millions in development financing–but the Ritz-Carlton Reserve, Dorado Beach Resort & Spa project in Dorado, Puerto Rico, is an exception.
Emeritus JV Wraps Up Stayton Portfolio Buy
Emeritus Corp.’s portfolio has just gotten a lot bigger. In a joint venture with Blackstone Real Estate Advisors VI L.P. and Columbia Pacific Advisors, it closed the $1.2 billion acquisition of a 144-property seniors housing portfolio from Stayton SW Living L.L.C., which parted with the assets as part of its Chapter 11 plan of reorganization.
Brandywine Snaps Up 1MSF Philly Office in $129M Deal
Three years ago, the entire industry would have scoffed at the idea of acquiring the leasehold interest in a premier 1 million-square-foot Philadelphia office building for a measly $129 million, but Brandywine Realty Trust has succeeded in doing just that.
Hennessy Draws on Staubach Years to Shape Cassidy Turley NY Team
In Peter Hennessy’s opinion, the new Cassidy Turley offers an unprecedented opportunity to create a disciplined, driven and measurable environment—the kind of environment that can grow, be sustainable and help its members grow, too.
Akridge Lands 120,000-SF D.C.-Area Government Office Property in Steal of a Deal
Now that Akridge and Rockwood have taken the property off the hands of the U.S. General Services Administration, the federal government’s real estate division, the team plans to submit the building to a major upgrade in order to mold it into a Class A office facility.
Yardi Acquires Public Housing Management Software Developer VisualHOMES
This latest acquisition combines the public housing technology expertise of VisualHOMES with Yardi’s browser-based Yardi Voyager PHA solution for subsidized housing.
Klug Tapped as Legacy’s VP of Marketing and Training
Klug previously served as regional vice president of business deelopment at Western National Group and has also held executive marketing positions at SARES-Regis Group as well as Irvine Company Apartment Communities. At Western National, she oversaw the firm’s new fee management business development opportunities.