The Real Deal Extell Development has acquired the development site at 405-417 Park Ave, between 54th and 55th streets, in Midtown Manhattan for $500 million The New York developer purchased the site from a venture between GDS Development and Swedish...
San Antonio Business Journal Rio Capital Investments has lined up $378 million of financing for its purchase of The Legacy, a 353,000‑square‑foot mixed-use property in San Antonio Nassau CorAmerica provided the loan, which was arranged by CBRE...
Citybiz PlaceMKR has purchased the 612,000‑square‑foot Rankin Yards industrial complex in Houston The Austin, Texas, real estate investment and development firm bought it from one of its tenants, Wellbore Integrity Solutions, which will remain...
Tampa Bay Business Journal OTO Development has paid $315 million, or $308,824/room, for the 102-room Beachcomber Beach Resort in St Pete Beach, Fla The Spartanburg, SC, hotel owner and operator purchased the property from Gencom of Miami, which had...
Washington Business Journal Crown Properties has paid $28 million, or $14508/sf, for Monument III, a 193,000‑square‑foot office building in Herndon, Va The New York investor purchased the 13‑story property from Santander Bank, which took...
Baltimore Business Journal Macerich Co has acquired the 15 million‑square‑foot Annapolis Mall in Annapolis, Md, for $260 million, or $17333/sf The Santa Monica, Calif, REIT bought the enclosed mall from a venture led by Centennial, a unit of...
The Real Deal RPM Living has paid $1514 million, or $398,421/unit, for Biscayne Shores, a 380‑unit residential complex in Miami The Austin, Texas, multifamily investor acquired the property from a venture of Integra Investments, Korgeous Group,...
Commercial Real Estate Direct Staff Report Vornado Realty Trust’s plans to redevelop its 585,000-square-foot office building at 350 Park Ave in Midtown Manhattan into a 17 million-sf structure that would house Citadel Enterprises...
Commercial Real Estate Direct Staff Report The commercial real estate sector has become increasingly bifurcated Class-A properties, even offices, are doing quite well Others: not so much That was the meat of the discussion at the Bifurcation and...
The National Council of Real Estate Investment Fiduciaries' Property Index, which tracks nearly 13,000 institutionally owned commercial properties valued at roughly $900 billion, posted a 123% unleveraged total return during the first...
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