News:
Owners Developers & Managers
Posted: July 2, 2008
Turley and Sullivan of Cronheim secure $32.64m for Va. hotel portfolio
David Turley and Frank Sullivan of Cronheim Mortgage have arranged $32.64 million in acquisition financing for a portfolio of two Fairfield Inns and a Hampton Inn. The financing is comprised of $30.72 million in senior debt and $1.92 million in mezzanine debt.
Turley and Sullivan arranged $11.12 million in senior financing and $695,000 in mezzanine financing for the Chantilly Virginia Fairfield Inn. The property consists of a three-story 85-room limited service hotel.
Turley and Sullivan arranged $9.44 million in senior financing and $590,000 in mezzanine financing for the Woodbridge Virginia Fairfield Inn. The property consists of a three-story 85-room limited service hotel located on Prince William Pwy.
Turley and Sullivan arranged $10.16 million in senior financing and $635,000 in mezzanine financing for the Woodbridge Virginia Hampton Inn. The property is a four-story 87-room limited service hotel.
MORE FROM Owners Developers & Managers
Windsor approves redevelopment of 500 Day Hill Rd. for mixed-use residential community
Windsor, CT The town has granted approvals for the redevelopment of 500 Day Hill Rd., clearing the way for a mixed-use residential community that will convert a former office campus into a housing development totaling approximately 300 residential units
.png)
Quick Hits
Columns and Thought Leadership
Revitalized Town Centers: Retail??? - by Carol Todreas
It is now widely accepted that customers want to shop in person at physical stores. Brands know that they do better business in a physical store than just on line so they want to open stores. Demand for retail space by digital merchants, local entrepreneurs, and newly developed national chains
IREM president’s message: Our new reality - Staying ahead of supply chain delays - by Yoany Vargas
Supply chain delays are slowing construction, ratcheting up operating costs, and extending turnover timelines across Greater Boston, directly reducing revenue and increasing the workload for multifamily and
Florida ruling raises bar for condo terminations and buyouts - by Michael Karsch
On October 14, 2025, in a landmark decision with significant implications for the Florida real estate market, the Supreme Court of Florida formally denied Two Roads Development’s (TRD Biscayne LLC) petition for review in its long-running case against unit owners of Biscayne 21,
Retail infill strategy to activate Pawtucket’s Conant Thread District - by Gaetan Kashala
Until recently, the Conant Thread District consisted of approximately 150 acres of underutilized industrial land spanning Pawtucket and Central Falls. Today, the area is one of the most significant
 (1).png)