$1,000-Plus/SF Sales Gain Ground in Manhattan’s Soho Area
A 170,000-sf property that combines office, showroom and retail space in Manhattan's SoHo area is being sold for $1,118/sf, making it the second SoHo property to sell for more than $1,000/sf this year. The sale indicates that such nose-bleed...
$100Mln Sale in East Hampton, N.Y., Would Break Residential Property Record
New York PostFinancier Ron Baron is under contract to pay $100 million for a 40-acre property next to his East Hampton, N.Y., home. The deal would be the most expensive residential real estate purchase in the United States, and...
Dallas’ 3100 McKinnon on Sales Block
By Jeff Mordock, Commercial Real Estate Direct Staff WriterHines REIT is offering for sale Citymark, a 218,943-square-foot office building in downtown Dallas.The Houston firm has tapped CB Richard Ellis' Dallas office to market the 11-story building. It is hitting...
CMBS Market Close to Hitting $100Bln of Issuance for Year
Commercial Real Estate Direct Staff ReportAnother three CMBS deals hit the market today and when they price, the year's total volume of domestic issuance will have exceeded $100 billion.And the thinking is that despite the evident slowdown in the...
Morgan Stanley Buying Crescent Real Estate in $6.5Bln Deal
Funds managed by the investment bank will be buying the Fort Worth, Texas, REIT in a deal that includes $3.1 billion of assumed debt. Crescent, which owns office, resort and cold-storage properties, had been making efforts to streamline its...
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