Federated Hermes Inc has purchased an 80% stake in multifamily investment manager FCP for $331 million, including $92 million in a potential earnout payment The acquisition sharply expands real estate as an asset class for Federated Hermes, a...
The Real Deal David Werner Real Estate Investments has agreed to pay about $40 million, or $20725/sf, for the 193,000-square-foot office property at 311 West 43rd St near Times Square in Manhattan’s Hell’s Kitchen area The New York...
The General Services Administration recently found that none of the 9,766 buildings the government occupies meet the 60% utilization threshold mandated by the USE IT Act, which could accelerate its property disposition...
Orlando Business Journal An affiliate of Pureland Hospitality has bought the 123-room Home2 Suites by Hilton Lake Mary hotel in suburban Orlando, Fla, for $1797 million, or $146,098/room The New York company purchased the four-story property from a...
Jacksonville Business Journal Florida Value Partners has paid $195 million, or $85,526/unit, for the 228-unit Park at Marbella Apartment Homes in Jacksonville, Fla The Miami company purchased the 26-building property from Blue Roc Premier Properties...
Hoodline Gindi Capital has paid $55 million, or $33742/sf, for the 163,000-square-foot office property at 25 Elm Place in downtown Brooklyn, NY The Gindi family office—Ralph Gindi founded the Century 21 department store chain in 1961—bought the...
Crain’s Chicago Business Barings has provided $1567 million of financing to facilitate Onni Group’s purchase of the 11 million-square-foot office property at 161 North Clark St in Chicago Onni, of Vancouver, British Columbia, paid $125...
South Florida Business Journal An affiliate of Nuveen Real Estate has bought Coral Landings III, a 172,526‑square‑foot shopping center in Margate, Fla, for $463 million, or $26837/sf The Chicago company purchased the retail property from...
Tampa Bay Business Journal An affiliate of NexPoint Advisors has bought the 153‑room Courtyard by Marriott Bradenton Sarasota/Riverfront for $277 million, or $181,046/room The Dallas investment company purchased the five-story property from a...
Commercial Real Estate Direct Staff Report BKM Capital Partners has paid $43 million, or $18534/sf, for the 232,000-square-foot Northwest Business Park industrial property in Phoenix The Newport Beach, Calif, investment manager acquired 11-building...
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