Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
The national portfolio owned by New York City-based MCR and BLT of Stamford, CT, encompasses 5,958-guestrooms at 53 Marriott and Hilton select service and extended stay hotels located in 15 states and 31 markets.
Under the terms of the GRP I joint venture, Northwestern Mutual will acquire an 85% interest in the 17-center portfolio which is currently valued at $368 million.
Advocacy efforts by the honorees helped establish NAIOP as the most effective and respected real estate organization in the state, says NAIOP NJ president Dave Gibbons of Elberon Development Group,