Blackstone Group is negotiating for a loan of approximately $450 million, which it will use to refinance debt on the Hotel del Coronado in California. The real estate firm is likely taking advantage of low lending interest rates. Read the Bloomberg Businessweek 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