Triangle Business Journal An affiliate of Certes Partners wants to convert a Raleigh, NC, hotel into 139 apartment units The New York company recently paid $96 million, or about $68,571/room, for the 140-room SureStay Plus Hotel by Best Western,...
Commercial Real Estate Direct Staff Report Waterfall Asset Management has paid $3849 million, or $2,026/sf, for the 19,000 square feet of retail space at the Astor luxury residential condominium property on Manhattan’s Upper West Side The New...
Service Properties Trust has sold another 16 hotels with 2,155 rooms, all operating under Marriott brands, for $1375 million The portfolio was acquired by a venture of NewcrestImage, a Dallas family office that specializes in the hotel sector, and...
Montecito Medical Real Estate has paid $29 million, or $42647/sf, for Banner Health Center, a 68,000-square-foot medical office property in Peoria, Ariz The Nashville, Tenn, investor purchased the property from Banner Health, which has signed a...
The Real Deal JPMorgan Chase Bank has provided $500 million of financing against 87 unsold condominium units at Manhattan’s Central Park Tower at 217 West 57th St The loan was used by the property’s developer, Extell Development, to...
Westcore has paid $5224 million, or $13129/sf, for Raceway Commerce Center, a 397,894-square-foot industrial property in West Valley City, Utah The San Diego investor purchased the property from Brennan Investment Group of Rosemont, Ill, which was...
Commercial Real Estate Direct Staff Report Thor Equities and its partner, ASB Real Estate Investments, have sold the 14,589 square feet of retail space at 155 Mercer St in Manhattan’s SoHo neighborhood for $60 million, or $4,113/sf The venture...
Crain’s Chicago Business Blatteis & Schnur has paid $273 million, or $4,658/sf, for the 5,860-square-foot retail portion of the Westin Michigan Avenue Chicago, a 752-room hotel in Chicago The Los Angeles investor purchased the space from...
Commercial Observer St John’s University is planning to shutter its 16-acre campus on Staten Island, NY, next year and has put it up for sale through Savills The campus, Grymes Hill, includes 10 buildings with about 175,000 square feet The...
The Real Deal Abraham Trust, led by Jacob Garlick, placed the winning bid of $190 million, or $745/sf, for the iconic Flatiron Building at 175 Fifth Ave in Manhattan The 121-year-old property was auctioned through Mannion Auctions in order to settle...
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.
