The local company is said to be paying less than $100 million for the 37-story building, which is encumbered by a $368 million mortgage that's securitized through JPMorgan Chase Commercial Mortgage Corp., 2020-MKST. The loan has been with special servicer ...
The retail space is part of a larger mixed-use complex that includes six residential condominium buildings, a 2,256-space parking garage, and medical offices. The retail component is anchored by a separately owned Target. Other tenants include BJ's Wholesale Club, Round1 ...
Empire State Realty Trust has agreed to pay $386 million, or $974.74/sf, for the 396,000-square-foot office property at 555-557 Broadway in the SoHo section of Manhattan. The New York REIT is buying the property from Scholastic Corp., which developed the 12-story ...
Westbrook listed the property for sale last year with an asking price of $181.6 million. It paid $126.6 million. The hotel was built in 2001 and underwent $20 million of renovations in 2018. It includes an Equinox Sports Club, restaurant ...
The CMBS trust that took title to the 600-room Marriott Houston Westchase hotel in August is evidently selling the property. The trust, Bears Stearns Commercial Mortgage Securities Corp., 2007-PWR18, held what at issuance was a $69.89 million loan against the ...
The City University of New York has signed a letter of intent to buy 110,000 square feet at 40 Rector St. in lower Manhattan from Metropolitan College of New York, which uses it as classroom space and administrative offices. The ...
Vornado Realty Trust has agreed to pay $218 million, or $569.93/sf, for the 382,500 square feet of office space at 623 Fifth Ave. in midtown Manhattan. The New York REIT is buying the space, comprising the former Swiss Bank Tower, ...
Sterling Bay is in talks to pay between $25 million and $30 million for the 776,000-square-foot office building at 100 North Riverside Plaza in Chicago. The local investment firm would acquire the property from Boeing, which bought it in 2005 ...
Cain International is nearing a deal to pay about $175 million, or $447,570/room, for The Dominick Hotel and residential condominium property at 246 Spring St. in the SoHo section of Manhattan. The London investor is buying the 391-room property from ...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
