Commercial Real Estate Direct Staff Report The Destiny USA mall in Syracuse, NY, has been appraised at a value of only $203 million, down from the $710 million pegged to it in 2014, when $430 million of CMBS debt was provided against it The property...
Commercial Real Estate Direct Staff Report A venture of One Real Estate Investment and MLG Capital has paid $363 million, or $117,097/unit, for the 310-unit Kelston Apartments in Charlotte, NC It bought the property from Emma Capital Investments Inc...
Hartford Business Journal NorthBridge has paid $245 million, or $13252/sf, for a 184,875-square-foot industrial property in Wallingford, Conn, that is fully leased to Amazoncom Inc The Wakefield, Mass, real estate investor bought the property from...
Crain’s New York Business The Girl Scouts of Greater New York is looking to exit a long-term lease for 17,500 square feet at the 12 million-sf office building at 40 Wall St in Manhattan The Trump Organization owns the property, which serves as...
Crain’s New York Business Developer Peter Fine has filed plans to construct a 109,000-square-foot commercial building in the Bronx, NY Fine last year had filed plans for a 278-unit residential building at the site, at 1006 Westchester Ave, but...
Commercial Real Estate Direct Staff Report The average asking rent for ground-floor retail space in Manhattan at the end of last year was $652/sf, a 99 percent decline from 2019, according to CBRE Rents dropped by 11 percent in the third quarter,...
Dallas Business Journal A venture of Cawley Partners and Balfour Pacific Capital has bought Westpoint I, a 150,000-square-foot office building in the Dallas suburb of Irving, Texas HighBrook Investors sold the property and was represented in the...
Commercial Real Estate Direct Staff Report The 600-room Marriott Houston Westchase, which backs a troubled $699 million CMBS loan, has been appraised at a value of only $475 million The property’s loan is the only remaining asset in Bear...
The Real Deal The New York City Landmarks Preservation Commission has told Howard Hughes Corp that the developer’s planned residential project at 250 Water St in Manhattan is too tall The panel did not take any action, but indicated it would...
The Real Deal The St Paul Fire and Marine Insurance Co has paid $745 million, or $37817/sf, for the 197,000-square-foot distribution center at 344 Duffy Ave in Hicksville, NY The affiliate of Travelers Cos bought the Long Island, NY, property from...
