Valuation: Less than $10 million

Commercial Real Estate Direct Staff Report Gallivant Hotel Holdings has paid $4 million, or just less than $12,000/room, for the 334-room Best Western President hotel in Manhattan's Times Square area. The Great Neck, N.Y., company is led by Mehran Kohansieh, ...

Commercial Real Estate Direct Staff Report Prizm Outlets, the former Fashion Outlets of Las Vegas, could be on the cusp of being sold. The 375,722-square-foot property in Primm, Nevada, which had backed $62.2 million of CMBS debt, was offered at ...

Crain's Chicago Business Ryan Cos. has placed the 121,117-square-foot Rosemont Corporate Center office building in Rosemont, Ill., near Chicago's O'Hare International Airport, on the sales block. Cushman & Wakefield has the listing for the four-story building, at 9501 Technology Blvd., ...

Fannie Mae funded $14.1 billion of loans against multifamily properties during the first quarter, down from the $16.9 billion it provided during the same period a year ago and $18.1 billion during last year's fourth quarter. But the housing-finance agency ...

Commercial Real Estate Direct Staff Report The Aroostook Center Mall in northern Maine, which backs a $10.1 million CMBS loan that has been in special servicing for nearly two years, has finally sold. The 565,537-square-foot property, in Presque Isle, Maine, ...

Eastdil Secured, which helped broker the sale of a 48.7 percent stake in the Worldwide Plaza office building in Manhattan, is seeking arbitration in order to recoup a larger commission than it was paid for the role it played in ...

Crain's Cleveland Business An investor group led by developers Jesse Grant and Fred Geis and attorney Matthew Weiner has acquired a 25-acre Cleveland development site from Forest City Realty Trust. The former steel mill site, along the city's waterfront, could ...

Cleveland Plain Dealer The Midway Mall in Elyria, Ohio, has been sold for $4.25 million through the Ten-X online auction platform. The buyer was not identified. The 585,606-square-foot retail property had backed a $79.2 million loan that was securitized through ...

Cleveland Plain Dealer An affiliate of Somera Road Inc. has paid $8.3 million, or $66.40/sf, for the vacant Strongsville Corporate Center in suburban Cleveland. The 125,000-square-foot office property, at 17800 Royalton Road in Strongsville, Ohio, had backed a $12.2 million ...

Finance & Commerce DEHL Properties is expected to buy Century Plaza, a 297,650-square-foot office building in downtown Minneapolis, for $9.4 million, or about $31.58/sf. The Minneapolis company is planning to redevelop the 85-year-old building into a 110-room hotel with 80 ...