Newsroom

Alex. Brown Realty, Inc. and Huntington Hotel Group Partner On Fourth Real Estate Venture
Joint venture to develop two hotels at Historic Liberty Station in San Diego, CA

Contact: Tom Burton
(410) 547-3009
tom.burton@abrealty.com

Baltimore, MD (August 10, 2006) – Alex. Brown Realty, Inc. (ABR), a national real estate investment company, announced today that it has entered into a joint venture with Huntington Hotel Group, a Texas-based hotel development firm, for its fourth hotel project together.  Two hotels, located in historic Liberty Station, the San Diego redevelopment project on the grounds of the former Naval Training Center (NTC), will be built and ready for completion mid to late 2007. 

A 200-room Courtyard by Marriott and a 150-room Hilton Homewood Suites will be built on an 11.9-acre site on the southwest corner of Liberty Station. ABR provided equity financing for the project totaling $17.1 million.

"We are quite proud of our investment in such a meaningful redevelopment project so vital to this wonderful city," said Thomas R. Burton, ABR’s chief investment officer. "We are especially pleased to join forces with our partner once again, Huntington Hotel Group, for our fourth exciting joint venture. We feel that our roots in Baltimore, MD, where redevelopment has been nationally recognized for years, brings strength to the efforts being made to transform the former Naval Training Center into an exciting environment."

Construction of the hotels also includes a piece of the waterfront esplanade, a path for walking and biking, that will connect the NTC Park to the north and the Harbor Drive pedestrian bridge to the south and provide uninterrupted access to Spanish Landing and downtown.

Liberty Station is being master developed by The Corky McMillin Companies in collaboration with the City of San Diego’s Redevelopment Agency.  The redevelopment project on the grounds of the former Naval Training Center in San Diego is expected to create more than 8,000 permanent jobs and $2.2 million in annual property tax revenue.

The 360-acre Liberty Station community will include 125 acres of open space, including a 46-acre waterfront park and boat channel with connections to the San Diego Bay; shopping villages and restaurants; a 28-acre civic, arts and cultural district; the nine-hole Sail Ho Golf Club; three planned hotels on two sites; a seven-building office district; a residential district that includes 349 homes in three distinct neighborhoods; and a 22-acre educational district. For more information, visit www.libertystation.com.

Alex. Brown Realty Inc. is a privately owned real estate investment manager organized in 1972 and headquartered in Baltimore, Maryland.   Alex. Brown Realty co-invests with clients and joint venture partners in properties located throughout the United States.  Alex. Brown Realty, Inc. investment affiliates have acquired apartment units, office and retail space, hotels and residential building lots in excess of $1.5 billion. www.abrealty.com

Huntington Hotel Group is owned and operated by Brent Andrus and Kevin Keefer; Huntington specializes in hotel development, hotel operations, financial management and construction management. It has developed more than $200 million in real estate in California and Maryland over the past six years, including five Marriott Hotels in San Diego County. http://www.huntingtonhotelgroup.com

Archives:
2014:
ABR Acquires Student
 Housing Complex in
 Tuscaloosa, AL

ABR Acquires Cleveland
  Industrial Portfolio

ABR to Develop Marriott
  Residence Inn in
  Hillsboro, OR

ABR Sells Trophy Atlanta,
  Georgia Retail Center

ABR Sells Luxury Apartment
  Building in Brooklyn, NY


2013
ABR Acquires San Diego
  Industrial/Flex Portfolio
ABR Acquires Office Buildings   in Lakewood, Colorado
Sale of Crossing Place
  Apartments

ABR Acquires Milwaukee
  Industrial Portfolio

Robinson Joins ABR's
  Acquisition Team

Benvenuto Promoted to
  Acquisitions Officer

ABR Acquires Apartment   Community in Charlotte, North   Carolina
Alex. Brown Realty Announces   New Addition to Asset   Management and Acquisition   Teams
ABR to Develop Two Hotels in   Downtown Salt Lake City,
  Utah

ABR Acquires Business Park
  in Las Vegas, Nevada

ABR Acquires Washington, D.C.   Boutique Hotel
ABR Acquires Madison,
  Wisconsin Office Building

2012:
Alex. Brown Realty Closes ABR  Chesapeake Fund IV at $282  Million
ABR Acquires Boston   Flex/Industrial Facility

ABR to Develop Apartment
  Project in Brooklyn

ABR Acquires St. Louis Industrial  Office Building

ABR Announces New  
 Additions to  Asset
 Management  and Acquisition  Teams

ABR Acquires R&D/Flex Office  Buildings in Livermore, CA
ABR Acquires Student Housing in  College Station, TX
Acquisition and Sale of
 Indianapolis Distribution
 Center

ABR Acquires Multi-Family  Complex in Savannah
Shops Around Lenox Secures  Anchor Retail Tenant


2011:
ABR Acquires Medical Office  Buildings in Charlotte, NC

2010:
ABR Volunteers to Support
 Baltimore-area Kids

ABR Acquires Indianapolis, IN  Industrial Portfolio

2009:
ABR Acquires Manassas,
  VA Retail Center

ABR Acquires Retail Center
 Adjacent to Atlanta’s Lenox  Square Mall

ABR Acquires Medical Office  Building Greenville, SC

2008:
RiverCenter B-Tranche
  Acquisition

ABR Acquires Industurial Park   in  Suburban Chicago, IL
ABR Acquires Minneaplois, MN  Office Tower
ABR Acquires Medical Office   Building in Houston, TX
Parkwood Place Apartments   Acquisition

2007:
Collins Road Square Retail   Acquisition
ABR Acquires Retail Site
  in Annapolis, MD

ABR Acquires Reno, NV
  Office Building

Jacksonville Hotels
  Development

Water's Edge Corporate
  Campus Acquisition

Downtown Holiday Inn Atlanta
  Acquisition

Oak Portfolio Apartments   Acquisition
Kitley Industrial Park
  Acquisition

Telfair Hilton Garden Inn   Acquisition
Sale of Northridge Promenade
ABR Blends Old and New For   Healthy Profits

2006:
Pinnacle Park Acquisition
Nations Ford Acquisition
Atlanta Doubletree Acquisition
Brenneman Appointed   Acquisitions Officer
The Commons Acquisition
Okemos Apartments   Acquisition
Prunier Joins ABR's Asset   Management Team
Roswell Summit Acquisition
Liberty Station Acquisition

About ABR | ABR Funds | JV Investing | Investor Services | Account Access | News | Contact Us | Home | Site Map

Copyright 2006, Alex. Brown Realty, Inc. All Rights Reserved Privacy Policy