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, ...
Crain's Chicago Business A venture led by Cole Capital is turning over the 466,426-square-foot Centerpointe of Woodbridge retail property in suburban Chicago to its lender in a deal-in-lieu of foreclosure. The owner cited the significant drop in the property's occupancy ...
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 ...
Charlotte Business Journal Cushman & Wakefield is marketing for sale Three Resource Square, a 124,767-square-foot office building in Charlotte, N.C. The property is being offered through the Ten-X online auction platform, with a starting bid of $5.5 million. The auction ...
The Bethesda, Md., special servicer has hired Mission Capital Advisors to market for sale Lake City Commons, a 91,494-square-foot retail center in the Atlanta suburb of Morrow, Ga. The property is one of only 10 remaining assets in the collateral ...
Commercial Real Estate Direct Staff Report SL Green Realty Corp. has taken over the leasehold interest in Two Herald Square, a 354,298-square-foot mixed-use building at 1328 Broadway in Manhattan, at a foreclosure auction last month. The New York REIT had ...
SL Green Realty Corp., which owns the ground beneath the 354,400-square-foot 2 Herald Square office building in Manhattan, has won a foreclosure auction for the office building itself. The New York REIT said it has formed a venture with an ...
Commercial Real Estate Direct Staff Report Driftwood Acquisitions and Development has acquired the 407-room Westin Tysons Corner hotel in suburban Washington, D.C., in a venture with Sefira Capital and Merrimac Ventures. The acquisition, for roughly $61.4 million, or $150,860/room, resolved ...
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