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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 ...
The Real Deal PacWest Management has paid $16.4 million, or about $183.24/sf, for Northridge Promenade, an 89,500-square-foot shopping center in Northridge, Calif. The company bought the property, at 19510-19530 Nordhoff St., at a recent online auction hosted by Ten-X. Cushman ...
Brookfield Asset Management has acquired the leasehold interest in 666 Fifth Ave., a 1.8 million-square-foot office building in midtown Manhattan. Terms of the deal were not disclosed, but it will allow Kushner Cos. to pay off more than $1.1 billion ...
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 ...
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