Blackstone Group has sold its 63.6 percent stake in the 757-room Hotel del Coronado in San Diego to its joint-venture partner Strategic Hotels & Resorts. Under the deal, Strategic will pay $210 million and assume a $475 million mortgage on the property. Read the Bloomberg 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