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New York Post Advance Publications has paid nearly $10 million in back rent for the 1.1 million square feet of space it leases at One World Trade Center in Manhattan. The company, Conde Nast's parent, had withheld paying rent in January, ...
Commercial Real Estate Direct Staff Report McKinley Mall in Buffalo, N.Y., is being acquired by Kohan Retail Investment Group, resolving a troubled $32.2 million CMBS mortgage against the retail property. A report by Spectrum News pegged the property's purchase price ...
Kohan Retail Investment Group was the buyer of the Shoreham Hotel in midtown Manhattan. The 179-room property had been owned by Credit Suisse Mortgage Securities Trust, 2007-C1, which had held a $32.9 million loan until its foreclosure four years ago. ...
Commercial Observer Mayore Estates has filed a lawsuit in New York County Supreme Court, claiming department store chain Century 21 owes nearly $3.2 million in unpaid rent at 22 Cortlandt St. in Manhattan. Mayore, which owns the building, is seeking ...
An affiliate of 3910 Girard Properties Inc. has paid $17.5 million, or $129,629/unit, for the Flats at Granite Reef, a 135-unit apartment property in Scottsdale, Ariz. The Beverly Hills, Calif., management company bought the property as a part of a ...
A venture led by Hull Property Group has paid $7.5 million for the Charleston Town Center, a regional mall in West Virginia's capital. The venture, which is said to include Eightfold Real Estate Capital, bought the property from Bear Stearns ...
The Prizm Outlets retail property outside of Las Vegas has been sold. And it's resulted in the CMBS deal that had held a $62.2 million loan against it getting walloped. The property, the former Fashion Outlets of Las Vegas, was ...
Washington Business Journal An undisclosed buyer has paid $8.2 million for the 89-room Holiday Inn Express & Suites hotel in Upper Marlboro, Md., at a recent foreclosure auction. Alex Cooper Auctioneers handled the hotel's auction, which had an opening bid ...
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 ...
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