Multi-Housing News Commonwealth Development Partners has started work on an office-to-apartment conversion project at 500 North Michigan Ave. in Chicago. The Greenwich, Conn., development firm is turning the 400,000-square-foot property into 320 units. It's expected to cost $162 million...

Commercial Real Estate Direct Staff Report Ashford Hospitality Trust Inc. has sold the 357-room Marriott Fremont hotel in the East Bay, Calif., city of Fremont for $53 million, or $148,459/room. The Dallas REIT sold the 27-year-old property to SRE...

The Real Deal Eurostars Hotel Co. has paid $95 million, or $887,850.50/room, for the 107-room Chemists' Club Hotel at 52 East 41st St. in midtown Manhattan. The Barcelona company bought the property from Azora, which also is based in...

Rentv.com Longpoint Partners has paid $34.65 million, or $253.66/sf, for Eastpoint I & II, a two-building industrial property with 136,600 square feet in Chandler, Ariz. The Boston investment manager bought the property, at 3191 North Washington St. and 250...

Silicon Valley Business Journal Fabrinet has paid $76.9 million, or $341.78/sf, for the 225,000-square-foot office property at 2903 and 2933 Bunker Hill Lane, as well as 5200 Great America Parkway within the Grand America Place complex in Santa Clara,...