Commercial Observer A venture of Sovereign Partners and HudsonPoint Capital has agreed to pay about $385 million, or $70772/sf, for the 544,000-square-foot office building at 575 Fifth Ave in Midtown Manhattan It is buying the 40-story building from...
Houston Chronicle Boardwalk Pipeline has agreed to lease 143,253 square feet of office space at the CityCentre mixed-use development in Houston The locally based pipeline company will lease four floors at the 990 Town & Country building,...
Commercial Observer An investor group led by John Choi has paid $3355 million, or $203,636/unit, for four apartment buildings with a total of 165 units near Central Park in Manhattan The group, operating as Bando Geny 4 LLC of Los Angeles, bought...
REBusiness Online Hyundai Translead has agreed to lease a 14 million-square-foot industrial property at 2200 Channahon Road in Joliet, Ill, a southern suburb of Chicago The subsidiary of Hyundai Motor Co leased the property from Industrial Realty...
Commercial Observer Madison Realty Capital has provided a $61 million loan against the 135-unit Braddock Park West apartment property in the northern New Jersey township of North Bergen The property, at 8601 Bergenline Ave, is owned by Sanz Property...
The Real Deal David Werner Real Estate Investments has agreed to pay about $40 million, or $20725/sf, for the 193,000-square-foot office property at 311 West 43rd St near Times Square in Manhattan’s Hell’s Kitchen area The New York...
The General Services Administration recently found that none of the 9,766 buildings the government occupies meet the 60% utilization threshold mandated by the USE IT Act, which could accelerate its property disposition...
Hoodline Gindi Capital has paid $55 million, or $33742/sf, for the 163,000-square-foot office property at 25 Elm Place in downtown Brooklyn, NY The Gindi family office—Ralph Gindi founded the Century 21 department store chain in 1961—bought the...
Commercial Observer MF1 Capital has provided $170 million of financing for the completion of the 354-unit apartment property at 2366 Bedford Ave in the Flatbush neighborhood of Brooklyn, NY The property, which is set to open this year, is being...
The Real Deal A venture of Metro Loft Management and Quantum Pacific Group has agreed to pay about $100 million, or $26254/sf, for One Whitehall St in Lower Manhattan, with plans to convert the 380,895-square-foot office building into apartments The...
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