Crain’s New York Business New Empire Corp has purchased the 19,000-square-foot lot at 58-01 Queens Blvd in the Woodside section of Queens, NY, for $162 million, with plans to construct a 12-story residential condominium building The Brooklyn...
Wall Street Journal A venture of Black Spruce Management and Orbach Affordable Housing Solutions has agreed to buy six apartment buildings with about 1,700 units on Manhattan’s Upper East Side for $175 billion Since many leases in the...
The Real Deal Two Kings Real Estate has bought the 226-room Holiday Inn Hotel in the Chelsea section of Manhattan for $803 million, or $335,309/room Watermark Lodging Trust sold the property, at 125 West 36th St, which has been struggling...
The Real Deal The venture of Silverstein Properties and Metro Loft that bought the 30-story building at 55 Broad St in Manhattan’s financial district intends to convert it into 517 apartment units The venture agreed to purchase the...
South Florida Business Journal Prestige Builders has proposed developing a 114-unit apartment complex in Hialeah, Fla The project has been proposed for a 203-acre development site, at 1001 SE 11th St, about two blocks from a Metrorail station Plans...
REBusiness Online EverWest Real Estate Investors has paid $963 million, or $563,157/unit, for the Graphic Lofts, a 171-unit apartment complex in the Sullivan Square section of Charlestown, Mass The Denver investment manager bought the property from...
The Real Deal A venture of Skylight Real Estate Partners and PCCP LLC has bought the 99-unit Grand Adams apartment property in Hoboken, NJ, for $567 million, or $572,727/unit JLL Capital Markets arranged PCCP’s equity investment in the deal...
The Real Deal A venture of Nelson Management, JPMorgan Asset Management and L+M Development Partners is offering for sale the Lafayette Boynton and Promenade Nelson apartment complexes, with a total of 1,290 units in the Bronx, NY Eastdil Secured...
Multi-Housing News Lloyd Jones has purchased the 113-unit Hamilton Heights seniors-housing property in West Hartford, Conn Peregrine Senior Living sold the property, on a 10-acre site at 1 Hamilton Heights Drive, for an undisclosed price Lloyd, of...
The Real Deal Innovo Property Group, which late last year had struck a deal to buy the 864,303-square-foot office building at 452 Fifth Ave in midtown Manhattan, hasn’t completed its purchase and lost its $35 million deposit Innovo was to have...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
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