DiamondRock Hospitality Co. has sold two hotels, in New York City and Minneapolis, for a total of $208 million as part of an effort to rid itself of non-core assets. The sale of the two properties comes on the heels ...
BankUnited has provided $41.79 million of mortgage financing against the 390-room Sheraton Sand Key Resort in Clearwater Beach, Fla. The fixed-rate loan, which was arranged by HFF, matures in 2021. It replaced a $29.9 million loan that was securitized through ...
Commercial Real Estate Direct Staff Report Allegiance Realty Corp. is offering for sale Renasant Place, a 278,160-square-foot office building in downtown Birmingham, Ala. The 15-story property, at 2001 Park Place North, could sell for about $40 million, or $144/sf, which ...
Commercial Real Estate Direct Staff Report The Commons at Manahawkin Village, a 326,128-square-foot retail property in the central New Jersey community of Manahawkin, which recently was sold for $42.3 million, had backed a $30.3 million CMBS loan. That loan, which ...
Commercial Real Estate Direct Staff Report A venture of Swig Co. and Intercontinental Real Estate Corp. has paid $150 million, or $368/sf, for 6300 Wilshire Blvd., a 408,000-square-foot office building in Los Angeles. The 22-story property, which backs $53 million ...
WKTV Sears Holding Corp. is closing its store at the Sangertown Square Mall in New Hartford, N.Y., when its lease ends in July. The retail company leases 152,619 square feet in the 893,874-sf property, which serves as collateral for $62.6 ...
Commercial Real Estate Direct Staff Report Principal Commercial Capital, a recently formed conduit lending operation, is contributing nine loans with a balance of $153.2 million to a CMBS conduit transaction for which marketing is just getting underway. The loan contributions ...
Cincinnati Business Courier A venture led by Philadelphia investment manager Rubenstein Partners acquired two downtown Cincinnati office buildings with 609,275 square feet for an undisclosed price from a venture of Harbert Management Corp. and Smith/Hallemann Partners. The two, 312 Plum ...
Charlotte Business Journal A venture of LRC Opportunity Fund and New York Life Real Estate Investors has bought the 1.1 million-square-foot Logistics Pointe industrial park in Charlotte, N.C., for $52.1 million, or about $47.36/sf. Westmount Realty Captial sold the five-building ...
The Real Deal Rialto Capital Advisors has filed a lawsuit to stop the owners of the Commons at Manahawkin Village shopping center in Manahawkin, N.J., from filing for Chapter 11 bankruptcy protection. The 326,128-square-foot property, at 601 Washington Ave., serves ...
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