Crain’s Chicago Business Experiential Capital Group is in the market for either a buyer for the 82,360-square-foot office property at 801 West Madison St. in Chicago or an equity partner to help fund its conversion to a 76-room hotel. The [...]
Commercial Observer Northwind Group has provided $90 million of financing to fund the conversion of the 340,000-square-foot office property at 675 Third Ave. in Manhattan into about 430 apartment units. The 32-story building, constructed in 1966, is owned by a [...]
REBusiness Online A venture of Fogelman Properties and Thackeray Partners has bought the 258-unit Advenir at Eagle Creek apartment complex in the Houston suburb of Humble, Texas. Fogelman is a Memphis, Tenn., real estate investment firm, while Thackeray is headquartered [...]
The Real Deal Tishman Speyer is in talks to pay $120 million, or $800/sf, for the 150,000-square-foot 148 Lafayette St. office building in Manhattan’s SoHo area. The six-story building was constructed in 1913 and is owned by Epic, led by [...]
Triad Business Journal Starwood Property Trust has bought the 107,408-square-foot Mendenhall Oaks light industrial and distribution building in High Point, N.C., for $12.5 million, or $116.38/sf. The Miami company purchased the property, at 4160 Mendenhall Oaks Parkway, from Dalfen Industrial [...]
Commercial Real Estate Direct Staff Report Trigild has been appointed to serve as receiver for the Santa Monica Place shopping mall in Santa Monica, Calif., that backs a $300 million CMBS loan. The 523,139-square-foot retail property is owned by Macerich [...]
Multi-Housing News A venture of Eastham Capital and Bender Cos. has paid $19.1 million, or $74,031/unit, for The Colonial, a 258-unit apartment property in Omaha, Neb. Eastham, of Boca Raton, Fla., and Bender, of Chicago, acquired the property from an [...]
Commercial Real Estate Direct Staff Report The City of New York has cut by more than half the amount of space it leases at the 269,233-square-foot 469 Seventh Ave. office building in midtown Manhattan. It now leases 31,000 sf, down [...]
Shopping Center Business Fidelity Investments has bought Independence Square, a 140,218-square-foot shopping center in the Dallas suburb of Plano, Texas. The Boston financial services firm purchased the retail property from Head Capital Partners of Dallas in a deal brokered by [...]
The Real Deal Braun Enterprises has bought the 426,000-square-foot office building at 3040 Post Oak Blvd. in Houston. The local real estate company purchased the 22-story property from MetLife Real Estate Investors. The sales price was not disclosed, but the [...]
