The purchase price translates to a 4 percent capitalization rate in the first year, according to Prologis, of San Francisco, which said that would increase to 5.75 percent as rents are reset to market rates. The company said it would ...
The 41-story building, commonly referred to as the Crain Communications Building,is 68 percent leased.
The 1,002-room resort includes 268,000 square feet of indoor/outdoor meeting and event space, the nine-acre River Bluff water park and a pair of 18-hole golf courses, one designed by Greg Norman and the other by Pete Dye. The buyer will ...
A group led by Jeffery Gural has turned in the high bid of $161 million for Manhattan's Flatiron Building at an auction earlier today. Gural's group, whose members have been the building's majority owners, beat out five other bidders vying ...
Los Angeles' Aon Center office building, with 1.1 million square feet at 707 Wilshire Blvd., is expected to sell for about $160 million, or just more than $145/sf. The building is being offered by Shorenstein Properties, which had acquired it in ...
A venture of SKS Real Estate Partners and a South Korean investor has agreed to buy the 300,000-square-foot Union Bank office property in San Francisco for between $60 million and $67.5 million, or $200/sf and $225/sf. It is buying the ...
Agave Holdings is buying the 535,000-square-foot office building at 300 South Wacker Drive in Chicago in a deal that values the property at $96.5 million, or $180.38/sf. The Miami company that makes Jose Cuervo tequila is acquiring the property from a ...
Abraham Trust, which last week had turned in the winning $190 million, or $745/sf, bid for Manhattan's Flatiron Building, as of late Friday had not yet submitted its required $19 million deposit. The family office, which is led by Jacob Garlick, could be ...
Standard International has struck a deal to pay $100 million, or $1.03 million/room, for the 97-room Sixty SoHo hotel at 60 Thompson St. in lower Manhattan, according to a report in The Real Deal. The New York hotel company, which operates ...
The deal includes properties next to the resort along the Intracoastal Waterway that the venture plans to develop. According to a report in The Real Deal, the venture brought in Related Group and BH Group of Aventura, Fla., as partners. During the ...
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