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Just two years after buying the Barbizon Hotel, Ian Schrager and NorthStar Capital Partners have decided to put it up for sale. They recently hired Carlton Group of New York to find a buyer. Potential sales price: $110 million.
February 28, 2000 RICHMOND, Va. – Cornerstone Realty Income Trust (NYSE:TCR) has contracted to sell 16 communities containing 3,609 apartment homes to an undisclosed buyer for about $136.5 million. The sale, expected to close within the next 30 days, will ...
Prudential's pension-fund advisory unit and Roseland Property Co. have set a $70.25 million asking price on the Landings at Port Imperial, an upscale apartment complex in West New York, N.J.
February 23, 2000 Associated PressLAJITAS, Texas – Just about this whole town hits the auction block tomorrow. Bidding will begin at 2:00 p.m. for the 2,700-acre Lajitas resort complex, which includes a saloon, more than 90 hotel or motel rooms, ...
Two years after buying the 1 million-square-foot office building in downtown Manhattan, Kennedy-Wilson and its partner are ready to market it for sale. Word has it that a $170 million asking price will be set.
February 18, 2000 PALO ALTO, Calif. – Marcus & Millichap Real Estate Investment Brokerage Co. said it handled $5.2 billion of property sales last year, a record for the 29-year-old brokerage firm.The firm handled 2,047 investment transactions through its 34-office ...
February 16, 2000 Associated PressCENTRALIA, Ill. – Cambridge Industries Inc. said it will lay off 70 of its 1,100 employees and seek a buyer for its auto parts plant here. The Madison Heights, Mich.-based company has no plans to close ...
February 15, 2000 Associated PressAMES, Iowa – Iowa State University is considering selling its 66-year-old publishing house. Increased competition and the lack of a permanent director have prompted the school's board of directors to look at a sale, said Warren ...
February 14, 2000 Associated PressCHICAGO – Prudential Plaza and the equally prominent 333 W. Wacker Drive office building are for sale, according to Crain's Chicago Business. Prudential Insurance Co., owner of the two-building Prudential Plaza, pulled the project off the ...
February 14, 2000TORONTO – TrizecHahn Corp. (NYSE: TZH) will restructure its real estate operations in a bid to bolster its sagging share price. The company plans to reduce its North American office portfolio this year by selling assets in Canada ...
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© 2023 Commercial Real Estate Direct All rights reserved..