Jason Berkowitz and Diana Zuniga are developing 701 Rio under B&Z Development, a company formed in 2007, with a focus on acquisitions and repositions of core commercial real estate properties in Central Texas.

Debt funds have a higher risk tolerance than traditional lenders, allowing them to be more active in the hotel lending space.

The Moinian Group, a national real estate owner and operator of real estate, has secured a $105 million loan from the Bank of China to refinance 572 11th Ave. on the southeast corner of West 43rd Street and 11th Avenue, in Hell's Kitchen, Manhattan.

The nine-story addition to the existing 112-room Onyx Hotel in Downtown will add 77 hotel rooms to the property.