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NEW YORK CITY—Held under the aegis of the bank's Special Solutions Group, the loans range from nonperforming mortgages to other CRE debt instruments, acquired in the secondary market.
HOUSTON—Houston's economy is strong, with over 17.3 million square feet of office development currently under construction, according to a recent third quarter report released by Colliers International.
Waldorf Hotel Sale: Here is a confluence of an offshore investor seeking to park money in a safe place, the power of 24-hour city-global gateway dynamics, and overshooting on iconic properties. Just up Park Avenue two condo developers hope to cash in on the same factors by building sky-high trophy towers to attract skittish capital. You think wealthy Chinese are not nervous over the Hong Kong demonstrations—highlighting the widening gap between rich and poor? How…
CALABASAS, CA—One metric that isn't keeping pace is development, with construction largely confined to New York, Miami and a few other markets that can absorb it, says Marcus & Millichap.
AUSTIN, Tex.--Austin-based fast casual restaurant VERTSKEBAP, also known as VERTS, has big plans for Dallas: The company is opening three stores in the area by the end of the year.
PHOENIX—Cassidy Turley announces the sale of Superstition Commerce Park, a 15.97-acre industrial project west of the northwest corner of U.S. Highway 60 and Sossaman Road. Phoenix-based Verde Investments, Inc. purchased the property for $8.8 million from Delta SCP, LLC.
PHOENIX—A 66,429-square-foot industrial warehouse at 4346 E. Elwood St. in Phoenix has sold. The seller was Elwood HA, LLC (Hewson Co.) of Phoenix; the buyer was Cohen Asset Management of Los Angeles.
PALM BEACH, FL—According to ARA, the complete rehab transformed the effective age of the property. The buyer effectively purchased a class AAA asset at a purchase price well below replacement cost.