Commercial Observer Innovo Property Group’s proposed purchase of the HSBC Tower in Manhattan for $855 million is on hold and could fall apart The New York company so far has failed to secure financing for the deal, which was expected to close...
Ryman Hospitality Properties Inc hasn’t yet completed its purchase of the Block 21 mixed-use property in Austin, Texas, five months after striking a fresh deal to buy the property for $260 million from Stratus Properties Inc Stratus, of...
Hallmark Venture Group, which earlier this year had announced that it had acquired the 12 million-square-foot retail property, never actually bought the mall Instead, it had signed an agreement to do so But it since has cancelled that agreement The...
Vornado Realty Trust, which owns a 70 percent stake in 1290 Avenue of the Americas in midtown Manhattan and 555 California St in San Francisco, has pulled its interests off the sales market, according to a report in the Wall Street Journal The New...
The Real Deal SL Green Realty Corp has dropped its lawsuit to keep the $35 million security deposit from its failed sale of 220 East 42nd St in Manhattan The New York REIT had filed the suit in the New York State Supreme Court in May, two months...
Commercial Real Estate Direct Staff Report Pennsylvania REIT’s proposed sale of five shopping malls for $1536 million has fallen through The company early this year, before the coronavirus pandemic hit, had struck a deal to sell the...
New York Post The Trump Organization has pulled the Trump International Hotel in Washington, DC, from the sales market The company in October had hired JLL to market the 263-room property, which was expected to sell for more than $500 million, or...
Crain's New York Business ELO Organization's proposed $115 million purchase of 15 West 47th St, a 120,790-square-foot office building in Manhattan's Diamond District, has fallen apart It's not known what caused the deal to collapse The...
The Real Deal An auction that was scheduled for yesterday to sell a portfolio of commercial properties in Manhattan, Queens, NY, and Long Island, NY, has been postponed Jeffrey Wu, a Queens developer that owns the portfolio, recently threw three...
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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