Turley and Sullivan of Cronheim secure $8.125m

David Turley and Frank Sullivan have arranged $8.125 million in financing for the Days Inn SeaTac Airport and the Quality Inn in Laurel, Md. Cronheim financed the 85-room mid-rise Days Inn for $3.35 million on a 10-year term with a 25-year amortization schedule. ? Cronheim also financed the Quality Inn for $5.075 million on a ten-year loan with a 30-year amortization. The subject is a 96-room five-story interior corridor hotel (four rooms have exterior corridors).

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Marcus & Millichap brokers $2.8 million sale of free-market mixed-use property in Brooklyn

Brooklyn, NY Marcus & Millichap brokered the sale of 733 Dekalb Ave., a fully free-market multifamily and retail property in the Bed-Stuy neighborhood. The asset sold for $2.8 million.

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