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Douglas Development Corporation's original loan for the 200-key, 14-story hotel at 1011 K Street NW in Downtown Washington, DC was comprised of $35-million loan held by BHI and a $10.6-million mezzanine piece held by another investment firm.
In Sierra Club v. County of Fresno, the court noted the EIR should be revised to advise of the expected adverse air quality impacts to health consequences or explain why it is not feasible at the time of drafting.
The 95-year-old Dexter Horton building sold to CIM Group for $151 million, but the acquisition may be the last as growth may slow with rising interest rates and reduced global activity signaling the cycle's end.
Colin Loehr of CBRE Capital Market's Debt and Structured Finance team, based in the Baltimore office, arranged the financing deal that included individual loan values ranging from $4.35 million up to $6.75 million.
The year ended with stock market volatility and a government shutdown, but real estate experts still see compelling economic fundamentals heading into 2019.
Didio has executed many major transactions totaling more than $1.5 billion in volume throughout the United States, with a strong focus on the New Jersey/New York Tri-State area.