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CBRE Hotels Arranges Two Hotel Sales in San Diego
CBRE Group, Inc. | October 12, 2017
Comfort Suites San Diego-Miramar and Holiday Inn Express San Diego-Mira Mesa Sold Newport Beach, California – October 12, 2017 – CBRE Hotels has arranged the sale of the 132-room Comfort Suites San Diego-Miramar and the 75-room Holiday Inn Express San Diego-Mira Mesa for an undisclosed amount to Two Pack Hotel LP, an affiliate of Excel Hotel Group. Bob Kaplan, Rod Apodaca, and John Karver of CBRE Hotels acted as exclusive agents for the sellers, LLJ Ventures. The Comfort Suites and Holiday Inn Express are adjacent hotels on 3.72 acres in the Mira Mesa/Scripps Ranch area in the northeastern part of San Diego; conveniently loc...
2017 Commercial Real Estate Lending Predictions
Brian Holstein | January 13, 2017
By Brian Holstein The commercial real estate lending markets started 2016 slow and choppy and spent the rest of the year making up lost ground. Volume was down, but available for good deals; rates and spreads were accommodative, even with the year-end Treasury rate spike; defaults rose slightly, but not alarmingly and banks and life insurance companies picked up market share at the expense of CMBS lenders. This year, the debt markets will face their own set of unique and unprecedented challenges, but the picture remains rosy. Wall of Maturities Much has been made about the so-called "Wall of Maturities" in 2017, which is largely the re...
