California's The Inn at Laguna Beach has received $21 million in refinancing from AXA Equitable Life Insurance. "The quality of the real estate, fundamentals of the local market and exceptional strength of sponsorship were key factors in driving attractive long-term financing for the Inn at Laguna Beach," said Scott Hall of Holliday Fenoglio Fowler, the firm representing The Inn.
The Texas General Land Office is set to release more than $21 million toward rebuilding projects in Galveston, which continues to recover from damage caused by Hurricane Ike in 2008. The Community Development Block Grant funding is administered by the agency, which in April withheld about $103 million in federal funds for public housing because of a disagreement over the project's location when rebuilt.
A Series D financing round has pulled in $21 million for California-based Gynesonics, which specializes in women's health devices. The money will be used to advance the clinical development and commercialization of the company's VizAblate ultrasound-guided system, which is intended as a minimally invasive alternative to hysterectomy in treating uterine fibroids.
Lightstone Value Plus Real Estate Investment Trust has announced its acquisition of three hotels: a Fairfield Inn & Suites by Marriott and a SpringHill Suites by Marriott in West Des Moines, Iowa; and a Courtyard by Marriott in Willoughby, Ohio. The total purchase price was $21 million.