Silicon Valley Business Journal Khanna Enterprises has paid $449 million, or $262,573/room, for Westin San Jose, a 171-room hotel in downtown San Jose, Calif The Irvine, Calif, investment and management company purchased the property from Aju Hotels...
Brookfield Asset Management Inc has agreed to sell 111 extended-stay hotels under the WoodSpring Suites brand to a venture of Blackstone Group and Starwood Capital Group for $15 billion, according to a recent report in the Wall Street Journal The...
Atlanta Business Chronicle Edens has filed plans to redevelop the North DeKalb Mall in suburban Atlanta into a massive mixed-use property Plans for the 76-acre site in Decatur, Ga, call for 1,700 apartment units, 100 townhomes, 300,000 square feet...
South Florida Business Journal Related Group and Alta Developers are building the 55-story Casa Bella residential condominium property in Miami The 312-unit property is being built at 1400 Biscanye Blvd in the city’s Arts & Entertainment...
South Florida Business Journal Palm Holdings has bought the Element Miami International Airport hotel in Miami for $1995 million, or about $95,455/room The Toronto investor acquired the 209-room property from Peachtree Hotel Group of Atlanta Access...
A venture of SKS Realty Partners and MRK Partners has paid $511 million, or $258,081/unit, for the 198-unit Amber Commons apartment property in Gaithersburg, Md SKS is a Rockville, Md, investor that targets apartment properties in the Mid-Atlantic...
Westcore has paid $541 million, or $13358/sf, for Halsey Business Park, a 405,000-square-foot industrial property in Gresham, Ore The San Diego investor purchased the property from DRA Advisors, which was represented by JLL Capital Markets Halsey...
Dallas Business Journal Bradford Cos has sold I20 Corporate Center, a 385,472-square-foot industrial property in DeSoto, Texas, about 16 miles south of Dallas A joint venture of Triumph Capital Group and Abilia of Mexico City bought the property at...
Crain’s New York Business Watermark Lodging Trust plans to sell its Holiday Inn Manhattan Sixth Avenue Hotel, with the hope that a buyer would assume a $7072 million securitized loan against the 226-room property Watermark’s plans were...
Essex Property Trust has paid $476 million, or $386,991/unit, for Canvas, a 123-unit apartment property in Seattle The San Mateo, Calif, REIT purchased the property from Goodman Real Estate of Seattle, which was represented by Berkadia The...
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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