Commercial Real Estate Direct Staff Report Ohana Real Estate Investors' effort to take over the luxury Mark Hotel in Manhattan's Upper East Side through foreclosure was dealt a setback by a New York court. Ohana holds a $35 million junior ...
Crain's New York Business Vornado Realty Trust is looking into selling the 70 percent stake it holds in Manhattan's 1290 Avenue of the Americas and San Francisco's 555 California St. The Trump Organization, which owns the remaining 30 percent interest ...
Houston Business Journal Construction is underway on a 116,500-square-foot medical-office building in Houston. Healthpeak Properties Inc. is developing the five-story property at 7500 Fannin St. It already is 36 percent preleased and will include a parking garage that's being built ...
Taubman Centers Inc. said Simon Property Group's termination of its acquisition agreement was "invalid and without merit." Simon, an Indianapolis REIT, earlier today had announced that it was calling off its agreement to buy Taubman, of Bloomfield Hills, Mich., as the ...
Crain's New York Business SL Green Realty Corp. has filed a lawsuit in the New York Supreme Court to keep the $35 million security deposit from its failed sale of 220 East 42nd St., a 1.1 million-square-foot office building in ...
Xenia Hotels and Resorts Inc.'s proposed sale of seven Kimpton hotels with 1,124 rooms for $483 million, or $429,715/room, has fallen through. A venture of SoilBuild Group Holdings Ltd. of Singapore and iProsperity Group of Australia had agreed to buy ...
The Real Deal A venture led by local investor Joseph Chetrit is seeking to recover the $35 million security deposit it had made when it agreed to acquire 220 East 42nd St., a 1.1 million-square-foot office building in Manhattan. The venture ...
Commercial Observer David Werner Real Estate Investments is attempting to pull out of its agreement to purchase a portfolio of 74 apartment and retail buildings in Brooklyn, N.Y. The New York company in March agreed to pay All Year Management ...
Reuters Mirae Asset Global Investments Co. has terminated its $5.8 billion acquisition of 15 luxury hotels in the United States. The South Korean firm last summer agreed to buy the properties from Anbang Insurance Group of China and posted a 10 ...
Commercial Real Estate Direct Staff Report First REIT of New Jersey's proposed sale of six apartment properties to Kushner Cos. has fallen apart. The Hackensack, N.J., company early this year had struck an agreement to sell the properties, with a combined ...
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