Rockpoint Group, owner of the 1,300-room Milford Plaza Hotel in New York, and hotelier Highgate Hotels have sold the property’s leased fee interest to a joint venture that includes the Deutsche Bank Asset & Wealth Management’s real-estate arm. Reports indicate that the ground lease sold for about $325 million. Read the Hotel Management online 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
