A New York real estate investment trust has purchased two South Florida Hampton Inn locations from Baywood Hotels for $31 million total. Lightstone Value Plus Real Estate Investment Trust, which is sponsored by the Lightstone Group, bought the 127-room Hampton Inn Miami-Airport West in Doral and the Hampton Inn & Suites Fort Lauderdale-Airport in Hollywood, which has 104 rooms. Read The Miami Herald story here.
Stone Martin Commercial finishes first ground-up project in Alabama
Stone Martin Commercial, a division of Stone Martin Builders, a leading homebuilder in Alabama, completed construction on its first ground up build project, the Wyndham Industrial Warehouse in Opelika, Alabama. This achievement signifies