Capital improvement
Foreign Fund Makes First US Acquisition in NJ
Westwood Properties purchased the suburban office property for $17.2 million. Known as 3 Becker Farm Road, the asset has undergone an extensive capital improvement program.
Atlanta Marriott Gets $57M Refi
Integrated Capital has nearly finished $14 million of renovations at the 344-key hotel. The new loan retires a $52.8 million prior mortgage held by Emigrant Bank.
Peachtree Hotel Group Trades Jacksonville Sheraton
The buyer, a joint venture between Rockbridge and Hospitality Ventures Management Group, plans to invest more than $1 million in renovations.
OKIN BPS to Open San Antonio HQ
Following a two-year site selection process and a Texas Enterprise Fund grant, the expansion marks the Czech company’s first office outside of Europe.
Atlanta Airport Hotel Changes Hands
Alex Brown Realty sold the DoubleTree by Hilton property to a joint venture led by Hersha Hospitality Management for more than $23 million.
Alta Properties Offloads Atlanta Office for $27M
The buyer selected Avison Young to oversee property management and financed the acquisition with a five-year, $18 million loan held by Capital Bank.
Revamped Office Asset to Become Salesforce Tower Atlanta
A CBRE team assisted the ownership in closing several new leases, renewals and expansions, including a long-term deal with the computer-cloud giant.
Central Florida Hotel Trades for $7M
Follow the buyer, RivieraPoint, on a video tour of the 77-key La Quinta Inn & Suites, which the company plans to renovate.
Transwestern Buys Houston Office Asset
The three-story property will undergo a capital improvement program that will transform it into a medical office building branded as Greenhouse Medical Plaza.
GrayStreet Moves Forward With San Antonio Redevelopment
The company has received a key approval for the Light Building project, which will transform a 1930s-vintage newspaper headquarters into creative office space.