Top News
389-Unit Apartment Property Opens in Morgan Hill, Calif.
Rentv.com MBK Rental Living has opened Vida at Morgan Hill, a 389-unit apartment property in Morgan Hill, Calif. The Irvine, Calif., developer broke ground on the property, at 18125 Butterfield Blvd., in May 2022. The property has one- and two-bedroom...
Available Sublease Space in Chicago’s CBD Shrinks for First Time in 10 Quarters
Chicago's central business district had 7.1 million sf of office space available for sublease in the first quarter, according to Cushman & Wakefield. That's down from the 8 million sf that was available in the fourth quarter of last year,...
SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln
Commercial Real Estate Direct Staff Report SL Green Realty Corp. has stuck a deal to sell the Palisades Premier Conference Center, with 48,000 square feet of event space in Palisades, N.Y., for $26.25 million, or $546.88/sf. The pending buyer was...
Carlyle Pays $20Mln for Another Self-Storage Facility in Brooklyn, N.Y.
Commercial Real Estate Direct Staff Report The Carlyle Group has paid $20 million, or $322.83/sf, for the 61,951-square-foot self-storage facility at 1690 East New York Ave. in the Prospect Park section of Brooklyn, N.Y. The Washington, D.C., investor bought the...
Dogwood Commercial Buys 9-Story Office Building in San Antonio
San Antonio Business Journal Dogwood Commercial has purchased the 163,000-square-foot San Pedro Plaza office building in San Antonio. The Dallas company bought the nine-story property from Buchanan Street Partners of Newport Beach, Calif., which had owned it since 2015. JLL...
Stephen Zsigary to Replace Rob Hays as Next CEO of Ashford Hospitality
Stephen Zsigary has been named president and chief executive of Ashford Hospitality Inc. Zsigary, who is currently the Dallas REIT's senior vice president of corporate finance and strategy, is replacing Rob Hays, who is stepping down from both positions...
Data Center, Office Property in Scottsdale, Ariz., Hits Sales Block
An affiliate of W.P. Carey Inc. is offering for sale the 354,888-square-foot data center and office property at 9501 East Shea Blvd. in Scottsdale, Ariz. The New York REIT has hired Marcus & Millichap's Institutional Property Advisors unit to...
South Florida Office Complex Sells as 45 Percent Discount
South Florida Business Journal YMP Real Estate Management has bought the Miramar Parkway Collection, a 373,228-square-foot office complex in Miramar, Fla., for $45 million, or about $120.57/sf. The Lauderdale Lakes, Fla., investment and real estate company purchased the four-building...
D.C. Apartment Property with 110 Units to be Sold at Auction
BisNow The Lanes, a 110-unit apartment property at 400 Florida Ave. NE in the Union Market section of Washington, D.C., will be offered for sale at a May 23 foreclosure auction. Alex Cooper Auctioneers is overseeing the sale. Ranger...
Abacus Capital Buys Sherman Oaks, Calif., Apartment Property for $72.5Mln
The Real Deal Abacus Capital Group has paid $72.5 million, or $307,203/unit, for the Veda, a 236-unit apartment complex in Sherman Oaks, Calif. The New York investment manager purchased the property from Alliance Residential Co. JLL Real Estate Capital...
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