Maryland
Shorebreak Hotel Launches Renovation
Bethesda, MD-based DiamondRock Hospitality is set to embark on a $3-million renovation of the Shorebreak Hotel in downtown Huntington Beach,… Read more
Partners Align to Acquire 648-Bed Student Housing
Campus First Student Living and CF Real Estate Services LLC banded together to buy the 648-bed University Orchard from the… Read more
Walker & Dunlop Strengthens CA Capital Markets Team
Bethesda, MD-based Walker & Dunlop expanded its loan origination platform with the addition of a new team in Irvine, CA.… Read more
Howard Hughes Pays $38M for Maryland Offices
Howard Hughes Corp. added two office buildings in downtown Columbia, MD to its portfolio. The Texas investor paid $16.5 million… Read more
Maryland Retail Center Trades for $20M
The 144,000-square-foot Chartley Park-Landmark Shopping Center in Maryland sold to M.D. Equities LLC for $19.9 million. Gil Neuman with Greysteel… Read more
Carey Watermark Acquires Iconic Ritz-Carlton, San Francisco
Carey Watermark Investors 2 Incorporated (CWI 2) acquired The Ritz-Carlton, San Francisco hotel from Annapolis, MD-based Thayer Lodging, Brookfield Hotel… Read more
Transamerica Closing California Offices
Transamerica plans to close its Los Angeles office and cut roughly 315 jobs, as well as shuttering a smaller office… Read more
Odessa, TX; Home of a . . . Nuclear Reactor?
The Odessa City Council recently approved a resolution to support a project proposed by University of Texas-Permian Basin (UTPB). The… Read more
Ares & TruAmerica Pay $236M for Value-Add Portfolio
Ares Management and TruAmerica Multifamily partnered to buy a 1,402-unit multifamily portfolio in suburban Baltimore. The buyers paid $236 million… Read more
Greystar, Rockpoint Acquire University View
Greystar Real Estate Partners LLC teamed with Rockpoint Group to buy the 1,573-bed University View student housing complex in College Park,… Read more
Q&A: Getting into CRE
By Dennis Kaiser Newport Beach, CA-based RETS Associates revealed the findings of its 5th Annual Survey of Real Estate Financial… Read more
Capital One Closes $50M Refi on Fenwick Apartments
Capital One provided a $50.5 million, three-year floating rate loan to refinance the 310-unit Fenwick Apartments in Silver Springs, MD.… Read more
Capital One Closes $15.8M Anaheim Refi
Bethesda, MD-based Capital One provided a $15.8-million Fannie Mae structured adjustable rate loan to refinance Rio Vista Mobile Estates, an… Read more
Cordish Cos. Buys 250-Key Asset, Upgrades Planned
The Cordish Cos. acquired the combined Homewood Suites and Hilton Garden Inn properties in Hanover, MD, which totals 250 rooms.… Read more
Washington REIT Completes $240M Maryland Portfolio Sale
Washington Real Estate Investment Trust completed the second sale transaction of its 490,000-square-foot suburban Maryland portfolio. The two office buildings… Read more
It’s Official: Marriott is the Largest Hotel Chain in the World
This week, Marriott closed its $13 billion dollar acquisition of Starwood Hotels & Resorts Worldwide. Now, Marriott’s umbrella encompasses 30… Read more
Hersha to Sell Five Hotels for $185M
Hersha Hospitality Trust has placed a five-hotel suburban portfolio, totaling 757 rooms, under contract for $185 million, or $244,000 per… Read more
U.S. Silica Pays $210M for NBR Sand Unit
U.S. Silica, headquartered in Frederick, MD, paid $210 million to acquire the NBR Sand Unit of New Birmingham, Inc. The… Read more