The Real Deal RXR, which last week said it would give some of its properties to its lenders, has clarified that it was in talks over only two properties, in Brooklyn, NY, and lower Manhattan The Uniondale, NY, developer owns 83 properties valued at...
An investor group organized by Milan Capital Management has paid $2125 million, or just more than $282/sf, for the El Dorado Shopping Center in Long Beach, Calif The Milan group, of Orange, Calif, bought the 57-year-old property as part of a...
Crain’s New York Business MetLife Investment Management has paid $681 million for a pair of apartment buildings with a total of 78 units in the Williamsburg section of Brooklyn, NY The Parsippany, NJ, investment manager bought the buildings,...
Paramount Realty Services has paid $365 million, or nearly $401/sf, for the 91,069-square-foot View at Marlton retail center in the Philadelphia suburb of Marlton, NJ The Lakewood, NJ, investor bought the property as part of a tax-deferred exchange...
Triangle Business Journal Ram Realty has received approval from the city of Durham, NC, to develop a two-building apartment property with a total of 310 units The project will be built on a 524-acre site at 501, 701 and 703 Washington St and 705 and...
South Florida Business Journal MCR Hotels has bought the Hilton Miami Airport Blue Lagoon for $11825 million, or about $232,776/room The Dallas company acquired the 508-room property, which sits on 206 acres at 5101 Blue Lagoon Drive, from Park...
Houston Business Journal Woodforest National Bank has bought Town Center I and II, a pair of office buildings totaling about 278,000 square feet in the Houston suburb of The Woodlands, Texas The local bank purchased the six-story buildings, at 1450...
A venture of Harrison Yale Hurst and Richard Rosin has paid $465 million, or $553,571/unit, for the LC, an 84-unit apartment property in Los Angeles The partnership, based in Santa Barbara, Calif, purchased the property from California Landmark...
A venture of Trinity Investments and Credit Suisse has agreed to pay $850 million for the Diplomat Beach Resort and properties next to it in Hollywood, Fla The venture is buying the properties from Brookfield Property Partners, which had assumed it...
Commercial Real Estate Direct Staff Report The buzz is that the venture between Varde Partners and Hawkins Way Capital paid $15393 million, or $235,000/room, for the 655-room former New York Marriott East Side Hotel at 525 Lexington Ave in Manhattan...
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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