Washington Business Journal T2 Hospitality has paid $127.99 million, or $281,916/room, for the 454-room Washington Marriott at Metro Center hotel in Washington, D.C. The Newport Beach, Calif., investor, formerly Tarsadia Hotels, acquired the property from Host Hotels &...
Bisnow Bank Hapoalim has provided a $220 million loan against the 490-unit apartment property at 1440 Amsterdam Ave. in the Harlem section of Manhattan. The property is owned by a venture of Artimus NYC and Grid Group of...
Commercial Real Estate Direct Staff Report TruAmerica Multifamily has acquired two apartment properties with a total of 423 units in Redmond, Wash., and Chandler, Ariz., in separate deals for a total of $130.55 million. The Los Angeles investor...
Commercial Real Estate Direct Staff Report NB Acquisitions LLC is the proposed buyer of San Francisco's 1,024-room Hilton Parc 55 and the 1,919-room Hilton San Francisco Union Square. The company is a venture of Newbond Holdings and Conversant...
Commercial Real Estate Direct Staff Report Southwest Value Partners has paid $266 million, or $212.80/sf, for a portfolio of six office buildings with 1.25 million square feet in the Phoenix area. The San Diego investment manager bought the...
Commercial Real Estate Direct Staff Report Eurostars Hotel Co. has paid $23.63 million, or $295,375/room, for the 80-room Boxer Boston hotel at 107 Merrimac St. in Boston's West End area. The company, the hotel division of Grupo Hotusa...
Commercial Real Estate Direct Staff Report Golden Arc Inc. has paid $52.5 million, or $500,000/unit, for the 105-unit apartment property at 2442 Ocean Ave. in the Sheepshead Bay section of Brooklyn, N.Y. The New York investor, an affiliate...
Commercial Real Estate Direct Staff Report Crow Holdings has paid $97.5 million, or $259,309/unit, for the 376-unit 33 West Apartments in the Miami suburb of Davie, Fla. The Dallas investment manager bought the property from Clarion Partners, which...
Crain's Chicago Business General Investment & Development, or GID, is offering for sale Flair Tower, a 197-unit apartment building in Chicago's River North neighborhood. The Boston investment firm hired CBRE to market the property, at 222 West Erie...
Redfearn Capital has paid $23.9 million, or $240.80/sf, for three industrial buildings totaling 99,250 square feet at 7377, 7401, and 7429 Riviera Blvd. in the Miami suburb of Miramar, Fla. The Delray Beach, Fla., investment manager, which pursues...
Bank OZK and 3650 Capital have provided $91 million of financing for the development of the 198-unit Coastline apartment property in downtown Stamford, Conn. Bank OZK provided $59 million of senior financing, while 3650 Real Estate Credit Solutions...
Commercial Real Estate Direct Staff Report Goldman Sachs and Barclays Capital have provided $150 million of mortgage financing against the Springfield Town Center shopping mall in the Washington, D.C., suburb of Springfield, Va. The loan, which requires only...
Commercial Property Executive LBA Realty has paid $42.4 million, or $149.45/sf, for Tracy 6, a 283,713-square-foot industrial property in Tracy, Calif., about 64 miles east of San Francisco. The Irvine, Calif., company purchased the property from Prologis, a...
Commercial Observer Cohen Brothers Realty has reached an agreement to sell the 300,000-square-foot office property at 3 East 54th St. in midtown Manhattan for $188 million, or $626.66/sf. The company, however, is waiting for a deposit from what...
Shorenstein Investment Advisers has acquired the 209,000-square-foot Park Place at Bay Meadows office property in the San Francisco suburb of San Mateo, Calif. The San Francisco investment manager purchased the property, at 1100 and 1200 Park Place, for $144.5...
Commercial Real Estate Direct Staff Report An affiliate of TMR Investments has sold the 368-unit Circ Tucson apartment property, about nine miles north of the Tucson, Ariz., downtown area. The buyer and the sales price could not be...
SL Green Realty Corp. has agreed to pay $160 million, or $1,305/sf, for the former Brooks Brothers flagship store at 346 Madison Ave. in midtown Manhattan, along with an adjoining parcel. The New York REIT is buying the...
Commercial Observer Blackstone has made a preferred equity investment in Herald Towers, the apartment and retail property at 50 West 34th St. in the Herald Square section of Manhattan. The property, with 691 apartments and 102,000 square feet...
Orlando Business Journal A Goldman Sachs affiliate has bought the Addison Square Apartments, a 270-unit complex in Melbourne, Fla., for $94 million, or $348,148/unit. The New York investment banking giant purchased the property from PAC Land Development, which...
Atlanta Business Chronicle OA Development has paid $50.4 million, or $198.43/sf, for 100 City View, a nearly 254,000-square-foot office building in Atlanta. The local real estate company purchased the 11-story building from Granite Properties of Dallas, which had invested...
South Florida Business Journal FCP has bought the 427-unit District West Gables apartment complex in West Miami for $111 million, or $259,953/unit. The Chevy Chase, Md., REIT bought the two-building property from Waterton Associates of Chicago in a deal...
Commercial Real Estate Direct Staff Report A venture led by Norges Bank Investment Management has agreed to buy the 1.03 million-square-foot office building at 1177 Ave. of the Americas in midtown Manhattan. Norges, which manages Norway's sovereign wealth...
Minneapolis/St. Paul Business Journal Weidner Apartment Homes has acquired LakeHaus, a 200-unit apartment property in Minneapolis. The purchase price was not immediately known. However, the property was appraised last year at a value of $59.9 million, according to...
The affiliate of Vancouver, Wash., developer C.E. John has refinanced the 227,680-square-foot Hazel Dell Marketplace retail property in Vancouver with a $27.8 million loan arranged by Gantry. The 10-year loan amortizes on a 30-year schedule and was provided...
Denver Business Journal TA Realty has paid $100 million, or $333,333/unit, for Gateway Arvada Ridge, a 300-unit apartment property in Arvada, Colo., about 11 miles northwest of downtown Denver. The Boston investment firm acquired the property from Revantage,...
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