SAN ANTONIO — Homewood Suites by Hilton San Antonio Airport is now open. Baywood Hotels Inc. developed and owns the 112-room property, which is located at 8531 Broadway St. The hotel offers studio and one-bedroom units, featuring fully equipped kitchens and separate living and sleeping areas. Guests also receive a complimentary breakfast, evening social Monday through Thursday, Wi-Fi access and grocery shopping service. Community amenities include a fitness center and indoor pool, and the hotel provides a free shuttle service within a three-mile radius.
ARLINGTON, TEXAS — Coldwell Banker Commercial (CBC) Alliance DFW has joined in the recent merger of the two largest CBC affiliates in the nation. Going forward, the brokerage firm will be called Coldwell Banker Commercial Advisors (CBC Advisors). The merger enables the local affiliate to expand its presence. Among other expansions, CBC Advisors has acquired a Houston office. Senior management in metro Dallas includes chief operating officer Carol Coffman-Sosebee and Theron Bryant, principal of the Fort Worth office. The brokerage team consists of 12 professionals with more than 100 years of combined commercial real estate experience in office, industrial, medical, land and retail, along with seven support staff. The firm is headquartered at 255 N. Center St. in Arlington, and has a Fort Worth office at 1300 S. University Drive. The Dallas office has just completed the process to join the network, which totals 30 offices nationally.
PLANO, TEXAS — Pacific Southwest Realty Services (PSRS), a California-based commercial mortgage banking firm, has closed a $7.6 million, 16-year non-recourse loan for a Los Angeles-based borrower with John Hancock Life Insurance Co. The deal is for a 135-unit one- and two-bedroom apartment complex in Plano. Michael Tanner of PSRS arranged the loan, which includes a fixed interest rate and a 30-year amortization schedule. PSRS will service the loan for the balance of the term.
COTULLA and DILLEY, TEXAS — CBRE Hotels has arranged the sale of the 45-room Super 8 Cotulla and 45-room Super 8 Dilley. A North Carolina-based hospitality management and investment company purchased the assets from an Illinois-based bridge lender. Michael Yu, Rahul Bijlani and James Foxx of CBRE Hotels represented the seller. Yu, Bijlani and Tyler Bean, also with CBRE Hotels, represented the buyer. Super 8 Cotulla is located 90 miles south of San Antonio at 669 N. Baylor St. in Cotulla, and Super 8 Dilley is located 74 miles south of San Antonio at 16301 S. I-35 in Dilley.
CHARLOTTE, N.C. — Grandbridge Real Estate Capital has closed a $45.5 million loan secured by a five-property, 246,000-square-foot office portfolio in Charlotte. Chris Caison of Grandbridge’s Charlotte office arranged the fixed-rate loan through an unnamed life insurance company on behalf of the borrower, Charlotte-based Beacon Partners, which leases and manages more than 9 million square feet of office and industrial space in North and South Carolina.
BETHESDA, MD. — Capital One Healthcare has provided a $37.8 million loan to CNL Healthcare Properties for a five-property healthcare real estate portfolio in the Triangle region of North Carolina. The portfolio comprises the North Carolina Specialty Hospital in Durham and four medical office buildings in Roxboro, Oxford and Chapel Hill. CNL Healthcare Properties, a non-traded seniors housing and healthcare REIT, is using the loan to refinance the portfolio, which it purchased in June 2015.
BALTIMORE — Greysteel has arranged the $28.6 million sale of Catonsville Plaza, a nearly 280,000-square-foot grocery-anchored shopping center located at 5457 Baltimore National Pike in Baltimore. The property was 99 percent leased at the time of sale to tenants such as Shoppers Food Warehouse, Dollar General, Planet Fitness, Planet Aid, Merchant’s Tire & Auto Centers, Forman Mills, Salontra Suites, DaVita Dialysis, Dunkin’ Donuts, Subway and Metro PCS. Gil Neuman led Greysteel’s retail team in representing the seller, an affiliate of Hutensky Capital Partners, and procuring the buyer, Mosaic Realty Partners.
BROOKHAVEN, GA. — Atlanta-based Coro Realty Advisors LLC has sold Village Place Brookhaven, a mixed-use development located on Dresden Drive in Brookhaven. The fully occupied property features nearly 35,000 square feet of ground-level retail space with luxury residential and office condominiums above. Tenants include restaurants Kaleidoscope and Verde. Chris Decoufle and Kevin Reavey of CBRE represented Coro Realty in the sale. Westwood Financial purchased Village Place Brookhaven from Coro Realty for an undisclosed price.
SAN FRANCISCO — Waldorf Astoria Hotels & Resorts — Hilton’s (NYSE: HLT) luxury hotel arm — has unveiled plans for the new Waldorf Astoria San Francisco, which will anchor a 2 million-square-foot, mixed-use complex located on Mission Street in San Francisco’s SoMa neighborhood. The hotel will occupy the first 21 stories of a mixed-use tower designed by architecture firm Foster + Partners. Hirsch Bedner Associates will be in charge of designing the interior. Amenities at the Waldorf Astoria San Francisco will include a spa and “Peacock Alley” restaurant offering San Francisco-inspired cuisine and libations. Development costs and a completion date for the project have yet to be announced. The new development will be located at the center of a vast redevelopment project surrounding the Transbay Transit Center. The Transbay Center District and Redevelopment Plans include more than 6 million square feet of new downtown office space; 4,400 units of new housing, 1,200 of which will be affordable; approximately 100,000 square feet of new retail space; and nearly 1,000 new hotel rooms. The redevelopment of the Transbay area will also incorporate more than 11 acres of new public parks and open space, including a 5.4-acre rooftop park at the Transit Center …
RICHARDSON, TEXAS — SHOP Cos. has brokered the $23.7 million sale of Eastside, a 67,071-square-foot mixed-use retail and office property in Richardson. Eastside is located at the intersection of Campbell Road and U.S. 75. The property was 93.9 percent leased at the time of sale to tenants including 7-Eleven, Panera Bread, Scottrade, T-Mobile, Jersey Mike’s, Frost National Bank and Sport Clips. Tommy Tucker and Tim Axilrod of SHOP Cos. represented the seller, SG Retail Development Partners, a Dallas-based limited partnership, and procured the buyer, Retail Properties of America Inc., an Illinois-based corporation.