News

Developer of the Year: Cottonwood Management

Cottonwood Management is a privately-held real estate investment management firm with robust in-house development capabilities. Building on its entrepreneurial, private equity roots, Cottonwood combines structured finance expertise with operational knowhow to unlock the full value of real estate opportunities. Cottonwood specializes in large-scale development projects ranging from project sponsorship to equity and debt investments. Headquartered in Los Angeles with offices in Boston and New York City, the company has over $2 billion of assets under management. The firm’s portfolio spans nationwide...

Boston’s best new building of 2018: EchelonSeaport

The first building in the three-tower, 717-unit EchelonSeaport in the Seaport District is Boston’s best new building of 2018, according to a poll of Curbed Boston readers. The tiered tower, which runs from 14 to 21 stories and which will be full of condos, topped off in September at 133 Seaport Boulevard. Cottonwood Group is the developer, and Kohn Pedersen Fox, CBT Architects, and Jeffrey Beers International are the architects. The poll’s second-place finisher was the Pierce Boston tower in Fenway. The 30-story, 340-foot...

Greenland Secures $310M for Metropolis’ 3rd DTLA Tower

Greenland USA obtained $310-million in financing to complete the third luxury residential tower at Metropolis in Downtown Los Angeles. French lender Natixis and Los Angeles-based Cottonwood Group arranged the senior construction loan facility. The loan will allow the U.S. development arm of Chinese firm Greenland Group to complete Metropolis Phase 2B, a 56-story, 1-million-square-foot tower that encompasses 685 condos and roughly 26,600 square feet of retail space. Cottonwood and Natixis served as administrative agents and lead arrangers on the financing. Metropolis is a...

Who’s Buying, Selling and Refinancing?

Transactions are shaping up across the industry, in U.S. cities and abroad in the U.K. Here’s a look at the recent deals from RIU Hotels & Resorts, Graduate Hotels, Cottonwood Group and MidCap: RIU Hotels & Resorts Adds Property in San Francisco RIU Hotels & Resorts has added a new hotel to its Riu Plaza brand in the United States through the acquisition of the 531-room Sheraton Fisherman’s Wharf in San Francisco. The Riu Plaza Fisherman’s Wharf, which has operated under the...

New Texas Medical Center hotel secures multimillion-dollar refinancing

InterContinental Houston – Medical Center, a prominent new hotel in Houston’s Texas Medical Center area, has secured a $102 million refinancing loan, the lender announced Nov. 19. The loan was issued via a partnership between Los Angeles-based Cottonwood Group and Seoul, South Korea-based Hana Alternative Asset Management, according to a news release. InterContinental Houston – Medical Center is a 22-story, 354-room luxury hotel located at 6750 Main St., near the intersection of Main Street and Holcombe Boulevard. It opened in early 2019. Houston-based...

EchelonSeaport Brings Luxury Resort Style Living To Boston’s Seaport District

The Seaport District in Boston is one of the most rapidly growing neighborhoods in the city. To capitalize on this haute area, EchelonSeaport will be introducing the largest luxury residential project to Boston when it opens shortly. The highly anticipated development will bring luxury urban resort style residences (both condos and apartments), stunning indoor/outdoor amenity spaces, a public central courtyard and two levels of high-end retail to the Seaport District. (The condominiums here are branded by Regent Hotels as part of their...

Pacific Western, Cottonwood Lend $99M on SF Condo Project

Pacific Western Bank and Cottonwood Group have combined to provide $99 million in construction financing to Stockbridge Capital Group and developer, Wilson Meany, for a planned mid-rise residential condominium on Yerba Buena Island, just outside of San Francisco, according to information from Cottonwood. The financing will facilitate the joint venture’s development of the 124-unit on a small island located in the middle of the San Francisco Bay, next to Treasure Island and between the locales of San Francisco and Oakland. It’s the...