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MIAMI—The deal marks the highest sale price for a hotel since 2012, when The Perry South Beach—formerly known as the Gansevoort and rebranded as 1 Hotel & Homes—which sold for $230 million in 2012.
NEW YORK CITY—State officials have selected Simone Development Cos. for a $400-million mixed-use project to be built on 33 acres of the Bronx Psychiatric Center in the Morris Park section of the borough.
DENVER—The 328-unit class A multifamily is comprised of two four-story buildings that include ground-floor retail and a structured garage parking,. It is 95% occupied.
RANCHO SANTA MARGARITA, CA—The three retail centers, located in affluent Ranch Santa Margarita, and their net operating income is expected to grow by 27% over the next decade.
SAN ANTONIO—Bethesda, Md.-based RailField Realty Partners recently completed the acquisition of Signature Ridge Apartments, a 612-unit class A apartment complex in San Antonio.
BOSTON—Carpenter & Company, Inc. has lined up construction and equity financing for its 61-story Four Seasons Hotel & Private Residences One Dalton Street, being built in Boston's Back Bay neighborhood.