Southeast
PCCP Provides $22M to Recap Charlotte Hotel
The real estate finance and investment management firm acted on behalf of Lowe Enterprises Investors to arrange the loan for 175-key Aloft Charlotte Uptown.
WoodSpring Hotels Expands Tampa Footprint
The 122-key, extended-stay property is the flag’s third hotel in the greater Tampa area. Overland Park will provide management services.
Red Hill Ventures to Enliven Charlotte Landmark
The company acquired the property back in September from Sterling Global. The asset encompasses 142,212 square feet of ground-level retail and 40,150 square feet of office space.
FL Self-Storage Project Receives $8M Loan
Walker & Dunlop has arranged the loan, structured with a 10-year term and 12-month construction period. Preferred Storage is expected to be completed in 2018.
Radisson Hotel Opens Near Charlotte Airport
Recently, the 91-key hotel underwent a major renovation. Located within a 15-minute drive from the Charlotte Douglas International Airport, the hotel can host events for up to 800 people.
Jernigan Capital Continues Self-Storage Expansion
The company has closed a $20.1 million investment Miami. The 96,295-square-foot facility will be developed by Mequity LLC and is slated for completion by 2019.
Economy Watch: Meta-Ranking of Amazon HQ2 Race Puts Atlanta on Top
Sperling’s BestPlaces collected 18 lists and ranking of potential locations, determining that Atlanta’s ability to absorb an expected 50,000 workers and other factors make it the No.1 contender for the new Amazon headquarters.
BoatUS Headquarters Sells in Alexandria, VA
Public Storage has purchased the building for $13.7 million. The firm plans to turn the building into a self-storage facility.
SC Mixed-Use Development Receives $23M Financing
Eyzenberg & Co. arranged the construction loan for a 42,000-square-foot, oceanfront mixed-use complex located in Myrtle Beach. Several tenants are already lined up to for the development.
SC to Gain $1.5B Solar Investment
Cypress Creek Renewables will train as many as 7,000 people in a plan that would boost the number of workers in South Carolina’s solar energy industry to more than 10,000 over the next decade.