NEWS

Rockpoint Sells Hotel for $116M

June 29, 2012
As reported by Real Estate Weekly
In June 2012, Rockpoint sold Hotel Lola, previously Hotel Thirty Thirty.


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.


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.


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 been occupied.


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.


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