Commercial Real Estate Direct Staff Report Lodging Hospitality Management has purchased the 299-room St. Louis Marriott West hotel in St. Louis. The St. Louis hotel operator, which specializes in the Midwest, bought the property from Wachovia Bank Commercial Mortgage Trust, ...
Los Angeles Business Journal A La Jolla, Calif., limited liability company has paid $18.5 million, or about $160,870/unit, for the Laurel Pointe Apartments in the Los Angeles suburb of Hawthorne, Calif. The CMBS trust that holds the property's $11.16 million ...
Atlanta Business Chronicle Velocis has bought a pair of office buildings with a total of 194,664 square feet in the Atlanta suburb of Alpharetta, Ga., for $39.58 million, or about $203.32/sf. LNR Partners sold the buildings, at 11720 and 11800 ...
Commercial Real Estate Direct Staff Report Jewell Capital LLC has paid $35.5 million, or $165/sf, for 200 South Tryon, a 215,101-square-foot office building in downtown Charlotte, N.C. The Miami investment firm purchased the property from Wachovia Bank Commercial Mortgage Trust, ...
Charlotte Business Journal LNR Partners has sold 200 South Tryon, a 215,496-square-foot office building in Charlotte, N.C., for $33.8 million, or about $156.85/sf. The buyer was not disclosed. The sale was conducted through the Ten-X online auction platform. Cushman & ...
Torchlight Investors has provided $159.2 million of financing to facilitate Dilweg Cos.' $115.5 million purchase and stabilization of the First Citizens Bank Plaza in Charlotte, N.C., and Sarasota City Center in Sarasota, Fla. The two properties are collectively 49 percent ...
New York Observer A group that includes Morgan Stanley and SL Green Realty Corp. has provided $1.4 billion of debt against the 1.1 million-square-foot 5 Times Square office property in midtown Manhattan. The debt consists of a $782 million senior ...
A $113.36 million CMBS loan against two office buildings, in Charlotte, N.C., and Sarasota, Fla., has been transferred to special servicing, according to a TreppWire report this morning. The loan is set to mature in April. It is securitized through ...
A venture of Mattone Group and Gartenstein Properties has paid $30 million, or $500/sf, for the 60,000-square-foot ShopRite grocery store in the New York suburb of Bay Shore, N.Y. It purchased the property, at 1905 Sunrise Highway, about 51 miles ...
Crain's New York Business Accounting firm EY is in talks to lease as much as 170,000 square feet at 121 River St., a 520,000-sf office property in Hoboken, N.J. EY, which is being represented by CBRE, leases 975,414 sf at ...
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