Bucksbaum Properties has paid $25.75 million, or $296.54/sf, for One El Paseo Plaza, a three-building mixed-use property with 86,835 square feet in Palm Desert, Calif. The Chicago company acquired the property, at 74-199 El Paseo Drive and 74-225 and 74-245 ...
The buyer will assume a $125 million mortgage against 572,724 sf of non-anchor space. That loan, which is split into two equal pieces and securitized through Wells Fargo Commercial Mortgage Trust, 2015-C27, and MSBAM 2015-C21, has been, or is expected ...
Pacific Retail Capital Partners has acquired the Shops at Palm Desert, a 977,888-square-foot enclosed shopping center in Palm Desert, Calif., in the state's Coachella Valley area. The acquisition involves the Los Angeles company's assumption of the property's long-delinquent $125 million ...
Commercial Real Estate Direct Staff Report Goldman Sachs has provided $128 million of mortgage financing against the 884-room JW Marriott Desert Springs hotel in Palm Desert, Calif. The five-year loan, which pays a coupon of 4.995 percent, allowed the property's ...
fully leased.
The adjacent properties are the Courtyard by Marriott at 74895 Frank Sinatra Dr. and the Residence Inn Hotel at 38305 Cook St.
The properties are the 151-room Courtyard Palm Desert, at 74895 Frank Sinatra Drive, and the 130-room Residence Inn Palm Desert at 38305 Cook St. The two properties operate at a 74 percent occupancy rate and generate an average daily room ...
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