South Florida Business Journal WPH Properties LLC has paid $4375 million, or about $231,481/room, for the Washington Park Hotel in Miami Beach, Fla The company, which owns Westime, a Beverly Hills, Calif, luxury watch store, bought the 189-room...
Commercial Real Estate Direct Staff Report Lodging Fund REIT III, a non-traded REIT sponsored by Legendary Capital, has paid $279 million, or nearly $198,000/room, for the recently opened Courtyard by Marriott Denver-Aurora hotel in Aurora, Colo The...
Real Estate NJ Landmark Cos has sold the 109-unit Imperial House Apartments in Elizabeth, NJ, for $213 million, or $195,413/unit Gebroe-Hammer Associates brokered the deal The seller was not disclosed The 13-story building, at 750 North Broad St,...
Commercial Real Estate Direct Staff Report Pimco acquired a stake in the 245-room Courtyard San Diego Downtown hotel in a deal that valued the property at $645 million, or $263,265/room The Los Angeles investment manager bought the stake from...
Commercial Property Executive Vantage Data Centers Management Co has paid $40 million, or $35211/sf, for the 113,600-square-foot office and flex industrial property at 2590 Walsh Ave in Santa Clara, Calif The local company acquired the property from...
Next Wave Investors has paid $281 million, or nearly $130,000/unit, for Spanish Oaks, a 216-unit apartment property in Las Vegas The San Clemente, Calif, investor, formed two years ago through the spin-off of Alpha Wave Investors’ apartment...
JLL Income Property Trust has paid $466 million, or $31655/sf, for 170 Park Ave, a 147,215-square-foot office/laboratory building in Florham Park, NJ The property, which is fully leased to biotech company Celularity Inc under a 15-year agreement,...
Minneapolis/St Paul Business Journal An affiliate of Larson Capital Management has paid $162 million, or $135/sf, for the 120,000-square-foot Crest Ridge Capital Center office building in Minnetonka, Minn The Chesterfield, Mo, investor acquired the...
Dallas Business Journal A venture of Pillar Commercial and Hall Capital has bought One Bethany East, a 120,170-square-foot office building in the Dallas suburb of Allen, Texas Kaizen Development Partners sold the property, at 900 West Bethany Drive,...
Brookfield Asset Management Inc has paid $3125 million, or $460,235/unit, for the 679-unit Vantage Pointe Apartments in San Diego The sales price makes it the largest multifamily transaction in 2020, according to brokerage Kidder Mathews The New...
