REBusiness Online Douglaston Development has completed construction of a 188-unit seniors-housing property at 2856 Webster Ave in the Bronx, NY The property, which will be part of a larger complex, is subject to a ground lease with the New York...
The Crowne Plaza JFK Airport hotel, with 335 rooms in the Jamaica section of Queens, NY, has been sold for $84 million, or $250,746/room The property's sale will result in the defeasance or likely pay off of a $377 million CMBS mortgage that doesn't...
REBusiness Online Construction of Overlook Flats, a 297-unit apartment property in the Journal Square section of Jersey City, NJ, has been completed and leasing has gotten underway The property, at 32 Oakland Ave, was developed by Milton Fantin It...
The Real Deal A family office linked to Joe C Wen has paid $42 million, or $10660/sf, for One Pacific Plaza, a 394,000-square-foot office property in Huntington Beach, Calif The family office purchased the property from a venture of Pendulum...
Rentvcom The Mondivan Group has paid $285 million, or $633,333/unit, for the 45-unit Solis apartment property in Seattle The Vancouver, British Columbia developer purchased the property from SolTerra, which was represented by Cushman & Wakefield...
New York Post Wells Fargo has agreed to pay $550 million, or $1,375/sf, for the 400,000-square-foot retail property at 20 Hudson Yards in Manhattan’s Hudson Yards area The property once was fully leased by department store Neiman Marcus and is...
Dallas Morning News Kite Realty Group Trust has bought Prestonwood Place, a 160,000-square-foot shopping center in the Dallas suburb of Addison, Texas The Indianapolis REIT bought the retail property from an affiliate of Northwood Investors of New...
Dallas Morning News Kaizen Development is teaming up with local broadcaster KERA to build a mixed-use project in Dallas Work will start late next year on the project, which is being planned for a development site between North Harwood Street and...
Dallas Morning News The city of Dallas has approved a $41 million economic incentives package for the redevelopment of the Cabana Hotel into a 160-unit residential project Sycamore Development expects to begin work on the redevelopment early next...
The Real Deal The venture that owns 300 East 42nd St in midtown Manhattan has handed the 236,392-square-foot office building over to its lender, Fortress Investment Group, which has tapped JLL Capital Markets to market it for sale The venture,...
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