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InfiniPower Lands $54M for Upcoming Silicon Valley Marriott
CBRE secured construction financing for the development of a 147-key Marriott Residence Inn and a 114-key Fairfield Inn & Suites in North San Jose. InfiniPower Hospitality plans to develop the property on a vacant 6.7-acre site purchased in 2006.
Eastern Consolidated Welcomes Prospect Capital
The Capital Advisory Division of Eastern Consolidated will be expanding.
Omega Healthcare Plans $295M Purchase of 63-Property Long-Term Care Portfolio
Taking advantage of an opportunity presented by its Securities Purchase Agreement with commercial lender CapitalSource Inc., Omega Healthcare Investors Inc. has decided to enhance its real estate holdings with the acquisition of a group of 63 long-term care facilities from CapitalSource affiliates for $295M.
The 63 facilities comprise 6,607 available beds in 19 states and are part of 30 in-place triple-net leases among 18 operators. The leases generate about $34 million in annualized revenue.National 11 June 2010 18:01
National 16 January 2008 20:00