Real Estate Rumors: Morgan Stanley, AEW, Stockbridge
Law360 (March 20, 2019, 7:09 PM EDT) -- Morgan Stanley has loaned $64.2 million to Miami investment firm Driftwood Acquisitions and Development for the company's recent purchase of a San Diego hotel, Commercial Observer reported on Wednesday. The loan is for the 353-room Marriott Mission Valley, a hotel located at 8757 Rio San Diego Drive that Driftwood recently bought for $85.7 million, according to the report.
AEW Capital Management is seeking to sell a Manhattan office building and is asking roughly $190 million for the property, The Real Deal reported on Wednesday, citing sources with knowledge of the matter. The firm is looking to offload 26-story 360 Lexington Ave.,...
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