Wells Fargo is providing a $125 million loan to Chesapeake Lodging Trust for the acquisition of The Royal Palm-Miami South Beach in Florida. The property, which will be reflagged with Starwood Hotels & Resorts, was purchased for $278 million. Read the GlobeSt.com story here
Skanska completes Portsmouth Marine Terminal offshore wind upgrade
Skanska has completed the redevelopment project for the Virginia Port Authority, upgrading 72 acres of Portsmouth Marine Terminal (PMT) and 1,500 feet of wharf that now serves as an offshore wind staging
