Hotels

Albert Picallo and Masato Inagaki, who co-founded Focal Point Capital Advisors in 2011, will join the new CBRE Loan Services entity as managing director and head of underwriting and director, underwriting respectively.

The communal living company acquired the Paper Factory Hotel in Long Island City, Queens for conversion into its third co-living property in New York City.

A Bay Area tech group has purchased the oceanfront 19-room Sea Ranch Lodge nestled on 52 acres in The Sea Ranch in Sonoma County, but no renovation or expansion plans have been made public as of yet.

The two land loans in Miami and Boca Raton totaled $45.2 million. The Bethesda, MD-based Walker & Dunlop arranged a $33-million loan in connection with the development of the new Waldorf Astoria Hotel & Residences Miami at 300 Biscayne Blvd.

The numbers dispel any concern caused by late-cycle jitters. But discipline is always the rule, says Marcus & Millichap's Peter Nichols.

The trend toward more experiential real estate properties has hit retail, office and multifamily, and now hospitality is being redefined.

The marina facility on 13.1 acres at 6000 Peninsular Ave., known as “America's Southernmost Marina,” was sold by iStar Inc., which was represented in the deal by Avison Young principal George Vail.

The approval ratchets up the Hood Park project being developed on approximately 20 acres to 1,735,800 square feet.