DreamWorks Studios co-founder David Geffen has sold his 47-room Malibu Beach Inn in Los Angeles County to Mani Brothers Real Estate Group for almost $80 million. The sale price of about $1.7 million per room was the highest valuation ever recorded for any hotel in California. Read The Wall Street Journal/Developments blog 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
