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
September 2, 2011 As reported by PERE
News In August 2011, Rockpoint sold its interest in 299 Park Avenue to the Alaska Permanent
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
MRP Realty, Rockpoint Group Buy Plaza East
August 16, 2010 As reported by Washington
Business Journal In August 2010, Rockpoint Group, in partnership with Mid-Atlantic Realty Partners,
acquired the foreclosure judgment on the first mortgage on two vacant, class A office
buildings located in the Westfields Corporate Centre in Chantilly, Virginia. The
two buildings, totaling 247,000 square feet, were completed in 2007 and have never
Chesapeake Lodging to Buy 430-Room Boston Marriott Newton for $77.3M in Cash
July 8, 2010 As reported by Commercial
Property Executive In July 2010, the Boston Newton Marriott was sold to a REIT for $77.3 million.
Rockpoint Group, L.L.C., Charles River Realty Investors and The Procaccianti Group
acquired the property in July 2009 for $29.0 million. The asset was sold upon completion
of the property improvement plan. The improvement plan improved margins, operations
and the physical condition of the hotel, as well as increased the value of the hotel.
D.C.’s Washington Harbour Sails for $244.5 Million
June 23, 2010 As reported by CoStar
Group In June 2010, Rockpoint Group, L.L.C. and Mid-Atlantic Realty Partners purchased
Washington Harbour, two class A office buildings totalling 532,500 square feet of
office and retail space. The buildings were acquired for $244.5 million, or approximately
$459 per square foot, and are located on the Potomac River in the Georgetown submarket
of Washington, D.C.