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The Connor Group Acquires a 194-Unit Asset
Klingbeil Capital sells an Ohio apartment to The Connor Group; Marcus & Millichap brokers a $10.8 million student housing sale in California; and Centerline Capital Group secures $3.8 million in acquisition funding for a multifamily property.
Westin Hotel in Downtown Undergoes $14M Renovation
The four-star Westin Hotel in downtown Indianapolis is about to embark upon a $14 million refurbishment project. According to the Indianapolis Business Journal, the overhaul, which will include the property’s 13 floors and 573 guest rooms, will start this month and be complete by February.
Beech Street Capital Provides $49.5M in Acquisition Financing
Beech Street Capital LLC announced that it has closed on a $49.5 million Freddie Mac CME loan to acquire a 409-unit multifamily community in Woodbridge, Va. Beech Street Capital, as part of its relationship with Meridian Capital Group LLC, financed the transaction.
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