New York
96-Unit Drexel Park Hollow Trades Hands
Drexel Park Hollow, in Dallas, sold to a Pound Ridge, NY-based family-owned office. Public records list the seller as Drexel… Read more
Private Family Trust Acquires Kearny Mesa Office Complex
New York-based Gramercy Property Trust sold a 132,695-square-foot flex/office corporate campus in Kearny Mesa, CA to an unnamed private family… Read more
Sharper Image Acquired for $100M
Irvine, CA-based ThreeSixty Group acquired New York-based Sharper Image from Iconix Brand Group for $100 million. The company, which has… Read more
Times Square Landlords Want Experience
With asking rents in New York’s Times Square falling, landlords are seeking out tenants that can provide “experiential retail.” Owners… Read more
Castle Lanterra Pays $103M to Enter Denver Market
Castle Lanterra Properties (CLP) made its first property acquisition in the Denver area, acquiring the 369-unit Alexan Sloan’s Lake property… Read more
Greystone Provides $221M Freddie Mac Credit Facility for Affordable Housing
New York-based Greystone provided a $220.8-million Freddie Mac credit facility to Woodland Park Property Owner, LLC. The financing is for… Read more
CBRE Arranges $107M for Two Riverfront Buy
CBRE Capital Markets’ Debt & Structured Finance team arranged for $107.3 million in financing on behalf of Kuwait-based KFH Capital… Read more
AFIAA Closes on its Largest U.S. Deal
AFIAA Foundation for International Real Estate, headquartered in Switzerland, closed on its largest U.S. acquisition so far. Specifically, the buyer… Read more
IPOs Looking Up in 2017
This year was a dismal one in regards to companies going public. According to executives at the New York Stock Exchange and Nasdaq,… Read more
Virtual Reality for Staging Commercial Buildings
Now property brokers can use virtual reality to help them sell commercial space. Virtual Staging LLC, a technology company based… Read more
Southwest Denver Apartment Building Sells for $100K Per Door
A New York City real estate firm, Stratford Plaza South LLC, spent $4.6 million to buy two apartment buildings in… Read more
$37 Million for Value-Added Opportunity
DealPoint Merrill paid $37 million for commercial properties in Missouri, Michigan and Ohio totaling 395,237 square feet. Based in Los… Read more
American Apparel Closes Stores in Nine Cities
Bankrupt retailer American Apparel now plans to close stores in nine cities. The troubled retailer will sell its remaining 101… Read more
Newmark Places $61M Mortgage for Monterey’s Cannery Row Property
San Francisco-based Newmark arranged $61 million in fixed-rate financing for The Monterey Plaza Hotel & Spa in Monterey, CA. The… Read more
Real Estate Bankers Leave Credit Suisse
Five New York City real estate bankers are leaving Credit Suisse to join a non-bank real estate platform being built… Read more
Trophy Art Deco MXU Trades for $33M
West L.A-based Palisades Capital Partners acquired a trophy mixed-use asset in downtown Santa Monica from Los Angeles-based PacShore Partners and… Read more
Financial Firms Scouting for New Office Space
Large financial services companies, anticipating business-friendly policies from the administration of President-elect Donald Trump, are looking for larger office space… Read more
S.L. Green Proposing HQ Swap with JPMorgan Chase
S.L. Green Realty Corp. brought an interesting proposition before financial giant J.P. Morgan Chase. Specifically, the real estate investment company… Read more
Westmount Ends Two-Year Hold on Braker Center
Westmount Realty Capital LLC ended its more than two-year hold on 13 office buildings within Austin, TX’s Braker Center. The… Read more