Commercial Real Estate Direct Staff Report The 42,000 square feet of retail space at the base of the 12-story 599 Broadway office building in Manhattan’s SoHo neighborhood has had its appraised value slashed by nearly 80% to $32 million The...
Norman Journal Record A venture of Mazaheri Properties and Champion Hotels has paid $8225 million, or $19743/sf, for University Town Center, a 416,766‑square‑foot retail property in Norman, Okla The venture purchased the shopping center from...
Austin Business Journal Brick Row has acquired the 181,000‑square‑foot office building at 823 Congress Ave in downtown Austin, Texas The local investor purchased the 16-story property from an affiliate of DRA Advisors of New York, which had...
Commercial Real Estate Direct Staff Report Braven Office Commons, a 749,694-square-foot property in Bellevue, Wash, has been placed on the sales block by its receiver as its foreclosure process begins Eastdil Secured has been tapped to market the...
Half of all data-center operators reported that their properties had experienced power outages within the past three years, according to data compiled by the Uptime Institute That was down from 53% in...
Commercial Real Estate Direct Staff Report The appraised value of the 781,426-square-foot office property at 10 South LaSalle St in Chicago has been reduced once again, this time to $272 million Last September, the property had its value slashed by...
Houston Business Journal Sade Real Estate has lined up $1285 million of financing for its purchase of The Arno, a 168‑unit apartment building in Houston Hudson Bay Capital of New York provided the loan, which was arranged by Walker & Dunlop...
San Antonio Business Journal Platte Canyon Capital has paid about $45 million, or $86,538/unit, for a pair of apartment properties totaling 520 units in the San Antonio area The properties are the Allure Apartments, with 268 units at 7770 Pipers...
Commercial Real Estate Direct Staff Report A portfolio of three Wilmington, Del, office buildings backing distressed CMBS debt are scheduled for sheriff’s sale next month The buildings, with 305,398 square feet at 200, 300, and 400 Bellevue...
Commercial Real Estate Direct Staff Report The appraised value of the 448-room Hilton Houston Post Oak hotel in the city’s Uptown area has been reduced again, this time by more than half to $31 million The property, constructed in 1982 but...
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