REBusiness Online YunExpress has leased the 146,000-square-foot industrial property at 400 Salt Meadow Road in Carteret, N.J. The building is one of three at the 1.2 million-sf Crow Holdings at Carteret industrial complex, owned by Crow Holdings of Dallas. The [...]
Commercial Real Estate Direct Staff Report Blackstone has successfully negotiated a three-year term extension of the $1.33 billion CMBS loan against the 3.79 million-square-foot Willis Tower in Chicago. The giant investment bank had been thought to be close to completing a [...]
Commercial Observer The two adjoining office buildings at 10 and 12 East 33rd St. in Manhattan have changed hands for $27.5 million, or $393.25/sf. They were purchased by an investor group, Han 533 LLC, which has an Old Tappan, N.J., [...]
Xenia Hotels & Resorts has sold the 545-room Fairmont Dallas hotel in in the city’s downtown Arts District, for $111 million, or $203,670/room. The buyer could not be immediately learned. The Orlando, Fla., hotel REIT’s predecessor, Inland American Real Estate [...]
Commercial Real Estate Direct Staff Report An affiliate of Sterling Investors has paid $108.4 million, or $321,661/unit, for Timbers at Issaquah Ridge, a 337-unit apartment property in Issaquah, Wash. The New York investment manager, formed five years ago by Khaled [...]
South Florida Business Journal Bowery Propco has paid $60.25 million, or $242,944/unit, for the Stratford Apartments, a 248-unit complex in Miami. The two-story property, at 9051 SW 122nd Ave., was built in 1992 and last sold a year later for [...]
AZ Big Media A limited liability company led by Mohsin Ilyas and Ahmad Abdelaziz has paid $107.5 million, or $532,178/unit, for Soltra Kierland, a 202-unit apartment property in Scottsdale, Ariz. The Puerto Rico-based LLC acquired it from Leon Capital of [...]
Bisnow EagleBank has provided a $54.5 million loan to fund the conversion of the 190,385-square-foot office building at 1201 Connecticut Ave. NW in Washington, D.C., into 161 apartment units. The property is being redeveloped by Duball LLC of Bethesda, Md., [...]
REBusiness Online Market Square, an 81,082-square-foot retail property in Tallahassee, Fla., has sold for at least $26.78 million, or $330/sf. Marcus & Millichap brokered the deal on behalf of the unidentified Florida-based buyer and seller, which also was not immediately [...]
Commercial Observer Starwood Property Trust has provided $350 million of financing to fund the completion of the 273-unit residential condominium project at 125 Greenwich St. in lower Manhattan. The nearly completed property is being developed by a venture of Fortress [...]
