Commercial Property Transfers

Commercial Property Transfers

A roundup of recent commercial property sales in the area.

Commercial property fervour spreads to auctions

SINGAPORE - The recent revival of interest in commercial properties has extended to the auctions market. DTZ's auction on Tuesday drew a packed house, and four adjoining freehold shophouses on North Bridge Road in the Kampong Glam Conservation Area found a new owner for $15 million.

Report: Blackstone Seeking $450 Million in Hotel del Coronado Deal - Patch.com

Report: Blackstone Seeking $450 Million in Hotel del Coronado DealPatch.comThe move comes ahead of a March due date on a $225 million bond-backed loan that Blackstone took out in the 2011 deal to buy the Del. Representatives for Blackstone and the other Hotel del owners declined to confirm the report to Bloomberg. Blackstone ...Blackstone aims to borrow US$450 million to refinance debtHOTELSall 2 news articles »

Kahler, other hotels sold for $230 million - Post-Bulletin

Kahler, other hotels sold for $230 millionPost-BulletinAfter 10 months of negotiations, five Midwest-based investors signed a deal late Friday afternoon to buy four downtown Rochester hotels, including the historic Kahler Grand Hotel, and a commercial laundry from Sunstone Hotel Investors for $230 million.Sunstone Sell 4 Hotels in MinnesotaOrange County Business JournalSunstone Hotel Investors To Sell Four Rochester Hotels And A Laundry Facility ...Daily Markets (press release)5 things to know: 25 January 2013Hotel News NowHOTELS -Jags Reportall 8 news articles »

Reynolds: commercial property tax reduction must be permanent

In an interview with the Courier Thursday, Reynolds emphasized her and the governor's 2013 priorities as part of their statewide tour "taking the Condition of the State to all areas of the state."

CBRE says property investment trusts unlikely to form this year

COMMERCIAL property consultant CBRE has said it is unlikely that a Real Estate Investment Trust (REIT) will be set up in Ireland this year.

AEG Selling Land Near London's O2 for $450 Million Hotel Project - Bloomberg

AEG Selling Land Near London's O2 for $450 Million Hotel ProjectBloombergAnschutz Entertainment Group Inc., the world's largest owner of sports teams, agreed to sell land near London's O2 Arena to a group of investors that plan a $450 million hotel and residential project. A joint venture between Queensgate Investments Fund ...and more »

Clermont Hotel fetches $2.25 million - Atlanta Business Chronicle (blog)

Clermont Hotel fetches $2.25 millionAtlanta Business Chronicle (blog)The sales price was disclosed in Fulton County records. Welker and Orley picked up the hotel at a more than 30 percent discount. The Clermont last sold in August 2003 for $3.4 million, and fell into foreclosure in 2009, according to Fulton County records.

Blackstone Said to Seek $450 Million for Hotel Financing - Bloomberg

Blackstone Said to Seek $450 Million for Hotel FinancingBloombergA $225 million portion of the 2011 loan on the Hotel del Coronado from Deutsche Bank was packaged into bonds alongside other commercial mortgages and sold to investors as part of a $609 million commercial mortgage-backed securities, or CMBS, deal in ...and more »

Manhattan Real Estate Has Become The Gold Standard

According to Eastern Consolidated, Manhattan commercial property sales jumped an astonishing 85% from third quarter of 2012 to the fourth quarter of 2102.

Moving into recovery phase in 2013 market

A glut of commercial property sales to exploit the 2013 capital gains tax holiday has been ruled out by property consultants CBRE. Instead, it expects properties will continue to come to the market on a relatively controlled basis over the course of 2013. Consequently, the consultants consider that both rents and prices for prime Dublin properties will increase.

Commercial property confidence on rise

The exceptions are Christchurch, Palmerston North and Tauranga/Mt Maunganui. read more

Lower Manhattan Commercial Property Values and Rents Damaged by Hurricane Sandy, Say Local Real Estate Executives in ...

As 2013 begins and many large office buildings in New York's Financial District struggle to come back online, city real estate executives express pessimism about the health, and even future, of the Lower ...

Speculators may turn to commercial property

SINGAPORE - Buyer interest in commercial property is growing in the wake of last week's cooling measures, which included curbs on red-hot industrial property.

Montgomery should appeal more of state's property assessments, inspector general says

Montgomery County should be more diligent in challenging commercial property assessments conducted by the state, some of which appear to be unusually low, the county's inspector general said in a report issued Friday. Read full article >>

Atlanta Marriott Marquis Sold for $293 Million - Hotel News Resource

Atlanta Marriott Marquis Sold for $293 MillionHotel News ResourceHost Hotels & Resorts, Inc. (NYSE: HST) announced that on January 11 Host Hotels & Resorts, L.P. sold the 1,663-room Atlanta Marriott Marquis in Atlanta, GA for $293 million. The hotel is subject to a long-term management agreement with Marriott ...Host Hotels sells Atlanta propertyWashington Business Journalall 12 news articles »

Louisville hotel industry generated nearly $355 million from tourists in 2011 - Business First of Louisville

Louisville hotel industry generated nearly $355 million from tourists in 2011Business First of LouisvilleIt's a no-brainer that tourism is important to the local hotel industry. But just how important is it? According to a recent study released by the Louisville Convention and Visitors Bureau, tourists spent nearly $355 million on lodging in 2011. Only ...and more »

Plans for $8.8-million Hotel Found Complete - Fenceviewer

Plans for $8.8-million Hotel Found CompleteFenceviewerPlans for $8.8-million Hotel Found Complete. Written by Robert Levin Thursday, January 10, 2013 at 8:59 am. font size decrease font size decrease font size increase font size increase font size; Print · E-mail. BAR HARBOR — Plans for construction of a ...

Plans altered for $22 million hotel at former auto site in Bloomfield - Tribune-Review

Plans altered for $22 million hotel at former auto site in BloomfieldTribune-ReviewChanges in the original plans for a new hotel at the former Don Allen AutoCity site in Bloomfield were outlined Tuesday at the City Planning Commission. The hotel project, estimated to cost $22 million, has been changed from the original plan described ...

Room 77® Closes $30 Million Round to Accelerate Hotel Metasearch Platform - Marketwire (press release)

TnoozRoom 77® Closes $30 Million Round to Accelerate Hotel Metasearch PlatformMarketwire (press release)Based on internal analysis of more than five million hotel searches, Room 77 uncovered at least one lower price for travelers in two out of three searches, averaging $72 per stay. And, only Room 77 offers free Room Concierge™ service, which leverages ...Hotel Search Engine Room 77 Raises $30 Million From Expedia, OthersForbesExpedia leads $30M deal in hotel search startup Room 77GeekWireRoom 77 gets $30M infusion for hotel metasearch serviceVatorNewsall 12 news articles »