The Hilton Atlanta, an expansive convention hotel in Downtown, sold recently at a foreclosure auction. The Atlanta Business Chronicle reports Axonic Capital foreclosed on the Hilton, which was tied to a $218.8 million loan originated by Barclays Capital Real Estate Inc. Trinity…
Home Depot has been renting a 1.4 million-square-foot distribution center in Savannah for 30 years. It has now bought the building and an adjacent 100 acres of raw land. Home Depot paid $145.5 million to acquire the distribution center, which…
Greystar intends to develop a new multifamily community on 6.35 acres in the Atlanta metro area, near the intersection of Parsons Drive and Peachtree Boulevard. The company bought the land for the project for $11.5 million. The Marlowe Chamblee project will…
Northgate Resorts is eyeing a 200-acre camping resort on a farm site near the Grand Ole Opry. The project includes over 400 campsites and luxurious amenities. The project, called The Bend Resort, will rise on a 215-acre site on the…
A mystery buyer has apparently agreed to buy $725 million in debt on two of San Francisco’s largest hotels, reported the San Francisco Business Times. The 1,921-key Hilton San Francisco Union Square and 1,024-key Parc 55 San Francisco have been under court-appointed receivership since the fall of…
Highland Resources broke ground on the infrastructure for Magnolia Landing, a planned mixed-use community located along the Ashley River in Charleston. Spanning 192 acres, the community will offer a blend of parks, marinas, residential and hospitality offerings, office space, retail…
AVR Realty and investor partner Dimension Hospitality unloaded two Marriott-branded hotels near Truist Park for $66 million. The sale includes the 400-room Atlanta Marriott Northwest at Galleria and the adjacent 147-room SpringHill Suites Atlanta Northwest. The two hotels are less…
Arctaris Impact Investors, LLC and Housing Diversity Corporation (HDC) announced the opening of Liv DTLA, an eight-story, 227-unit affordable housing development designed to address Los Angeles’ severe housing shortage. The project was co-sponsored and developed by HDC, while Arctaris Impact provided critical project funding. The…
Up Campus Student Living has broken ground on Blume on Ivy, an off-campus student housing community near the University of Virginia. Located along the emerging Ivy Road Corridor near the new Data Science School, Karsh Center, and UVA Athletics complex,…
Kolter Multifamily has broken ground on a 55-plus apartment community west of Boynton Beach. The company is taking a different approach to traditional 55-plus housing options. “We think of the project as a cruise ship on land,” said Kolter’s Jeff…
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