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Hillwood Breaks Ground on 1.1 Million SF Industrial Building in California

Hillwood Breaks Ground on 1.1 Million SF Industrial Building in California

SAN BERNARDINO, Calif. — Hillwood Investment Properties has broken ground on Alliance Gateway South Building Three, a 1.1 million-square-foot addition to its AllianceCalifornia development in San Bernardino. PCCP provided the non-recourse senior loan to Hillwood for the construction of the property, which is scheduled for completion this December. AllianceCalifornia Gateway South Building Three is in the heart of the Inland Empire’s industrial marketplace and is the largest speculative industrial building under construction in San Bernardino County. The facility is located at 555 Orange Show Road and has access to I-10, I-215 and I-210, all of which are major surface transit routes for cargo carriers. Companies with a presence..

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Donahue Schriber Receives $118.5M to Purchase Four West Coast Shopping Centers

Donahue Schriber Receives $118.5M to Purchase Four West Coast Shopping Centers

SAN FRANCISCO — Prudential Mortgage Capital Co. has provided Donahue Schriber Realty Group with $118.5 million in financing to acquire four grocery-anchored shopping centers in California and Washington. The properties include Gilman District in Berkeley, Calif.; Village Oaks in San Jose, Calif.; Lakeland Town Center in Auburn, Wash.; and Westgate North in Tacoma, Wash. A Whole Foods Market and Office Depot anchor the 91,228-square-foot Gilman District, while the 320,000-square-foot Village Oaks is anchored by Safeway, Target and Lowe’s. These centers were recently built. Haggen, the largest independent grocer in the Pacific Northwest, anchors the 125,421-square-foot Lakeland Town Center, and the 129,229-square-foot Westgate..

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Hunter Hotel Panelists Mull Threat From Airbnb

Hunter Hotel Panelists Mull Threat From Airbnb

ATLANTA — During the close of his presentation at the 27th Annual Hunter Hotel Investment Conference on Wednesday, Mark Woodworth of PKF Hospitality Research asked the hundreds of industry professionals in the audience if they were concerned from a competitive standpoint about Airbnb, the online service that lets people rent out their homes to travelers. Only five attendees raised their hand. Woodworth, who is president of Atlanta-based PKF, politely chided the group saying that Airbnb and similar room-sharing ventures are absolutely threatening the hotel industry. The San Francisco-based company is valued at approximately $20 billion, according to the latest report from Bloomberg. By comparison, hospitality giant InterContinental..

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The Woodlands Resort & Conference Center Completes $75M Expansion and Renovation

The Woodlands Resort & Conference Center Completes $75M Expansion and Renovation

THE WOODLANDS, TEXAS — The Howard Hughes Corp. has completed a $75 million expansion and renovation of The Woodlands Resort & Conference Center in Texas. “The Woodlands Resort & Conference Center is the premier destination for business meetings, social occasions and getaways in the Houston region,” says David Weinreb, CEO of The Howard Hughes Corp. “We will continue to innovate and enhance the resort in the years to come to provide our visitors with a best-in-class hospitality experience that will draw them to return again and again.” The 20-month renovation and expansion included the replacement of 206 lodge-style rooms with Fairway Pines III; the addition of a new wing of 184 guest rooms and suites; and the renovation of..

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