Subject: Property Offerings - Unsold (PRUNS)

Commercial Observer 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 ...

Investors are slowing their activity in the multifamily market as increasing interest rates, and tighter lending standards, have increased their cost of capital. Transaction volume in July was only $18.08 billion, the lowest monthly total since May 2021.

Commercial Real Estate Direct Staff Report Harbor Associates has backed out of its agreement to buy the Union Bank Plaza office building in Los Angeles for $165 million. The Long Beach, Calif., investment manager had struck a deal to buy the ...

Commercial Observer Innovo Property Group's proposed purchase of the HSBC Tower in Manhattan for $855 million is on hold and could fall apart. The New York company so far has failed to secure financing for the deal, which was expected ...

Ryman Hospitality Properties Inc. hasn't yet completed its purchase of the Block 21 mixed-use property in Austin, Texas, five months after striking a fresh deal to buy the property for $260 million from Stratus Properties Inc. Stratus, of Austin, in ...

Hallmark Venture Group, which earlier this year had announced that it had acquired the 1.2 million-square-foot retail property, never actually bought the mall. Instead, it had signed an agreement to do so. But it since has cancelled that agreement. The ...

Logan Capital Advisors has paid $42 million, or $297,872/unit, for the newly built Bungalows on Jomax, a 141-unit apartment property in Phoenix. The San Diego company purchased the property from an affiliate of Cavan Cos. of Scottsdale, Ariz., which was ...

Vornado Realty Trust, which owns a 70 percent stake in 1290 Avenue of the Americas in midtown Manhattan and 555 California St. in San Francisco, has pulled its interests off the sales market, according to a report in the Wall ...

The Real Deal SL Green Realty Corp. has dropped its lawsuit to keep the $35 million security deposit from its failed sale of 220 East 42nd St. in Manhattan. The New York REIT had filed the suit in the New York ...

Commercial Real Estate Direct Staff Report Pennsylvania REIT's proposed sale of five shopping malls for $153.6 million has fallen through. The company early this year, before the coronavirus pandemic hit, had struck a deal to sell the properties, with 3.5 million ...