Global Real Estate Investment Management
News
Loan Wrangling on the Rise
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
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
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
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
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
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
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
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
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
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.
