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DALLAS-The hotelier sticks to the plan to hand off 23 hotels by month's end to a private investment fund managed by Goldman Sachs and affiliates of Highgate Holdings Inc. The deal's technically done although there are two more closings penciled for Q2.
DALLAS-The hotelier sticks to the plan to hand off 23 hotels by month's end to a private investment fund managed by Goldman Sachs and affiliates of Highgate Holdings Inc. The deal's technically done although there are two more closings penciled for Q2.
ST. PETERSBURG, FL-Property owner Gaslight Square Inc. borrows $3.6 million at 10-year, fixed 5.65% interest-rate financing through a Wall Street conduit lender at a 70% loan-to-value ratio for the 19-year-old, 49,985-sf property.
TAMPA, FL-Robert C. O'Leary, former director of Southeast franchise development at Choice Hotels International, becomes vice president of the Plasencia Group's Sun Hospitality division where he will focus on investment advisory and disposition services for mid-market properties under $12 million.
WARREN, MI-BorgWarner appears to have a buyer lined up for its vacant office building and research facility on 18 acres Nine Mile and Hoover roads. An undisclosed company would invest $12 million to renovate the property.
WARREN, MI-BorgWarner appears to have a buyer lined up for its vacant office building and research facility on 18 acres Nine Mile and Hoover roads. An undisclosed company would invest $12 million to renovate the property.
ORLANDO-Job and population growth are fueling the strongest multifamily leasing and sales market here in five years, according to a new analysis by the local office of CB Richard Ellis Inc. Occupancy is at 96.4%, up from 95.7% in third quarter 2004. Average monthly rents are $790, up from $774.
TAMPA, FL-Only 2,500 units are slated to be completed this year, a 53% reduction from the average of the last five years--a scenario that will help, not hurt Tampa Bay's overall multifamily leasing market, according to a new analysis by Marcus & Millichap Real Estate Investment Brokerage Co.