News
Landmark Building in Murray Hill Sold for $24.5 Million
One of the oldest buildings in the Murray Hill section of Manhattan is now under new ownership.
Lawrenceville MF Asset Changes Hands for $58.3M
Madison at River Sound was recently sold to Los Angeles-based Investors Management Group for $58.3 million. The new owner of the community is a private real estate investment firm focusing exclusively on the multifamily sector. Investors Management Group specializes in value-add and opportunistic real estate investments in major metropolitan markets in need of recapitalization, repositioning, or significant renovation.
Ceres Acquisitions Grabs 435 N LaSalle in Chicago’s River North
Ceres Acquisitions, a subsidiary of Michael Palumbo-led MJP Capital has recently acquired 435 N. LaSalle in Chicago’s River North neighborhood
International: Golden Age Unveils Melbourne’s Slimmest Residential High-Rise
One of the world’s most slender residential towers will soon rise in Melbourne’s CBD.
Atlantic & Angelo, Gordon Acquire 4 Buildings in Reston, Va.
Atlantic Realty and Angelo, Gordon & Co. have high hopes for a distressed office building they partnered to buy.
Harrison Street Grabs Medical Office in Oregon
Harrison Street Real Estate Capital understands the need for medical-office properties.
Goldman Sachs Joins Hines, Pearlmark JV
Goldman Sachs has joined Hines and Pearlmark Real Estate Partners in a standard-setting development project in San Mateo.
Dow Hotel Co. Completes $8.6M Renovation of The Hilton Orrington/Evanston
The Dow Hotel Co. has completed an $8.6 million renovation of the Hilton Orrington/Evanston in Cook County, Ill.
Developer Breaks Ground on 195-Room Hotel in D.C.’s Capitol Riverfront
Developers are looking to add another hotel to the Washington, D.C. metropolitan area. On March 10, Bethesda-based Englewood LLC announced the start of construction for the new Homewood Suites by Hilton in the District’s Capitol Riverfront neighborhood. The cost of the project was not disclosed.
Two Greater Baltimore Office Properties Change Hands
Two Greater Baltimore office properties have changed hands at the start of the month. The building at 999 Corporate Boulevard, in Linthicum, and the one at 1614 Churchville Road, in Bel Air, sold for a total of almost $9.5 million.