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The Related Group’s $150M Beachwalk Resort in South Florida Opens

The Related Group’s $150M Beachwalk Resort in South Florida Opens

HALLANDALE, FLA. — Beachwalk Resort, a 33-story, $150 million resort developed by Miami-based The Related Group and managed by Gemstone Hotels & Resorts, opened today in South Florida. Beachwalk Resort is comprised of 300 units, 216 of which are two-bedroom suites. Each of the units is a privately owned condominium. The resort’s owners and guests have access to a three-story beach club with pool, lockers, showers, restrooms, an outdoor bar and restaurant with chaise service and beach facilities, all accessible by a complimentary, electric trolley. "Because of their deep understanding of the luxury residential market, The Related Group has developed a vacation resort that speaks to the needs and desires of the modern family,"..

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Retailers Find Portable Success with Shops in Modified Shipping Containers

Retailers Find Portable Success with Shops in Modified Shipping Containers

When David Campbell started Boxman Studios in 2009, it was out of curiosity. A former real estate broker and developer, he was looking for a new concept after the 2008 crash of the real estate market. Campbell came across an article on shipping container architecture and saw the promise in potential uses, from hospitals to foodservice to retail. “He got a container, found a yard, had a buddy who could weld, and started cutting into it to see what he could come up with,” says Vinay Patel, the Charlotte, N.C.-based company’s marketing strategist. Boxman Studios ended up on the front end of a major trend: custom-fabricating shipping containers into portable shops and booths. In its first six years, the company has already..

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$100M Office, Hotel Development Coming to Nashville Suburb

$100M Office, Hotel Development Coming to Nashville Suburb

BRENTWOOD, TENN. — GBT Realty Corp. has announced plans to build a $100 million mixed-use development in the Nashville suburb of Brentwood. The project, called Crestview at The Summit, will be situated at the peak of The Summit, which offers the highest unobstructed views of the city. Crestview at The Summit will feature a Class A office complex with up to 480,000 square feet, in addition to a 40,000- to 60,000-square-foot hotel with a signature restaurant. The build-to-suit facility will include two office towers with about 1,400 parking spaces and on-site walking trails. The 15-acre site is situated off an I-65 interchange. “Brentwood is one of the most desirable markets in the region,” says Ben Owenell, GBT’s..

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Moody National REIT I to Acquire Hotel Portfolio for $1.73B

Moody National REIT I to Acquire Hotel Portfolio for $1.73B

HOUSTON — Moody National REIT I Inc. has signed a contract to acquire a 149-hotel portfolio from a third-party seller for an aggregate purchase price of $1.73 billion, excluding acquisition costs. Multiple media outlets are reporting that Goldman Sachs Group Inc. is selling the portfolio to the non-traded REIT through its Whitehall Street funds. The portfolio includes 14,000 units spread across 32 states, with a large concentration of hotels in California, Arizona, Texas and the Northeast. The majority of the portfolio consists of Marriott and Hilton branded select-service hotels. "This is a great concentration of assets in key states which will benefit from several years remaining in the expanding hotel cycle," said Brett Moody,..

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