Rockpoint Group

Loan Wrangling on the Rise

s4yungblut — Wed, 01 Feb 2012 21:59:19 +0000

February 1, 2012
As reported by The Wall Street Journal
In December 2011, Rockpoint acquired Long Island Gateway through a discounted payoff in partnership with the existing borrower.

Goldman’s New York Story

s4yungblut — Wed, 11 Jan 2012 18:11:46 +0000

January 11, 2012
As reported by The Wall Street Journal
In August 2011, a venture of Goldman Sachs signed a contract to sell the Park Central Hotel to LaSalle, and in conjunction therewith, Rockpoint Fund III agreed to accept repayment of its loans. The sale closed at the end of December 2011.

Biggest Commercial Transactions of 2011

s4yungblut — Wed, 11 Jan 2012 15:57:03 +0000

January 9, 2012
As reported by The Real Deal
In August 2011, Rockpoint sold its 49.5% interest in 299 Park Avenue to the Alaska Permanent Fund.

New York’s ‘Lullabuy of Broadway’ hotel Gets Renovation

s4yungblut — Tue, 13 Dec 2011 20:43:47 +0000

December 13, 2011
As reported by USA TODAY
In November 2010, the investment was acquired, and the hotel was reopened after being closed by the prior owner in preparation for renovations. Renovations commenced in November 2010, and the majority of the work is expected to be completed by mid-2012.

Rockpoint Exits Major Berlin Investment

s4yungblut — Thu, 01 Dec 2011 17:49:52 +0000

November 23, 2011
As reported by Europe Real Estate Publishers
In October 2011, Rockpoint sold the office asset to a Berlin insurance company.

NJVC Inks Deal for Chantilly Office

s4yungblut — Mon, 07 Nov 2011 15:53:34 +0000

November 1, 2011
As reported by Washington Business Journal
An information technology company signed a lease for Plaza East I, bringing the building occupancy to 100%. In August 2010, Rockpoint acquired the foreclosure judgment on the first mortgage on Plaza East I and II in partnership with Mid-Atlantic Realty Partners.

Rockpoint Comes and Goes on Park Avenue

s4yungblut — Wed, 05 Oct 2011 15:53:49 +0000

October 5, 2011
As reported by The Wall Street Journal
In September 2011, Rockpoint sold its interest in Park Avenue Plaza.

Alaska Buys Stake in 299 Park Avenue

s4yungblut — Tue, 06 Sep 2011 14:51:08 +0000

September 2, 2011
As reported by PERE News
In August 2011, Rockpoint sold its interest in 299 Park Avenue to the Alaska Permanent Fund.

Old Town Hotels Sold for $43M

s4yungblut — Tue, 24 May 2011 23:30:16 +0000

May 23, 2011
As reported by San Diego Business Journal
In April 2011, Rockpoint Group acquired a joint-venture interest in two hotels (the 176-key Courtyard and the 125-key Holiday Inn Express) in the Old Town submarket of San Diego, California.

Rockpoint Closes $230m NYC Hotel Deal

s4yungblut — Tue, 02 Nov 2010 19:33:27 +0000

November 2, 2010
As reported by PERE News
In November 2010, Rockpoint Group acquired the Milford Plaza Hotel, a 1,301-key hotel including approximately 20,000 square feet of retail space located on an entire block-front of Eighth Avenue between 44th Street and 45th Street in New York City. Rockpoint acquired this investment in a joint-venture with Highgate Holdings, and they plan to invest more than $75 million in a complete renovation of the historic building.