BERKELEY, CA/PARK CITY, UT—Gemstone Hotels & Resorts has acquired the Hotel Durant in Berkeley Calif. The 144-room boutique hotel is adjacent to the University of California Berkeley campus.
CHICAGO—David Egan has joined CBRE Chicago as Director of Research and Analysis.The company it is expanding and deepening its research and analysis platform to enhance mining the firm's proprietary “big data” resource. Egan's role and expertise will help launch this effort.
SAN DIEGO—Trigild has signed a long-term deal with Charlotte-based Allegiance Realty Corporation to manage 16 office buildings throughout the Midwest and Southeastern U.S. beginning Feb. 1. The deal adds more than two million square feet to the portfolio of the full-service real estate and hospitality services company, based here.
SAN FRANCISCO—CBRE Group, Inc., has financed construction of Carlton Plaza of Davis, a 144-bed, 120-unit senior assisted living and memory care facility to be located in the central Davis.
LEWISVILLE, TX-Huffines Communities has begun the second phase of its 90-acre Hebron 121 Station near the Denton County Transit Rail Station, which will add 444 units to the planned total of 1,700.
DENVER—Holland Partners Group, Vancouver, has secured a $38 million loan to fund the purchase of Monterey Heights, a 332-unit garden-style complex in suburban Denver. The complex is 93 percent occupied.
LOS ANGELES—Transwestern has added a Structured Finance group to its Los Angeles office. Heading up the firm's new group are Steven Orchard and Michelle Lee.
LAS VEGAS, NV—The newly-renovated Tropicana Las Vegas, now a DoubleTree by Hilton, opened today. Improvements totaling $200M include 1,500 newly renovated guest rooms and suites, four restaurants, a spa, an entertainment complex.
GARLAND—AVG Partners acquired the 85,000-square-foot Shiloh Square Shopping Center, .Terms of the sale were not disclosed, but the Dallas Central Appraisal District valued the property at $6 million.
FORT WORTH—Investors have purchased Hulen Fashion Center, a 181,000-square-foot retail center near the city's Hulen Mall. The group bought the property with the help of a $7.17 million loan.