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PRESS RELEASE: PCCP, LLC and 1754 Properties LLC Form Joint Venture to Acquire the Historic La Posada Hotel in Santa Fe, New Mexico
2013-12-02 20:34:00| National Real Estate Investor
Darcie Giacchetto PCCP, LLC announced today it has formed a joint venture with 1754 Properties LLC to acquire La Posada de Santa Fe Resort and Spa in downtown Santa Fe, New Mexico. The 158-room La Posada hotel was an REO acquisition from Ektornet. read more
PRESS RELEASE: Cushman & Wakefield Reps Ownership In $400M Sale Of Ground Lessor's Position At 625 Madison Avenue To Ashkenazy Acquisitions Corporation
2013-12-02 20:29:00| National Real Estate Investor
Nick Derasmo Cushman & Wakefield announced today that it represented 625 Ground Lessor LLC in the $400 million sale of the ground lessor's position at 625 Madison Avenue, a prime location in the heart of Manhattan's prestigious Plaza District, to Ashkenazy Acquisition Corporation. read more
PRESS RELEASE: Ariel Property Advisors Sells Two Multifamily Buildings for $15 Million
2013-12-02 20:26:00| National Real Estate Investor
Gail D. Ariel Property Advisors has announced the sale of two adjoining multifamily properties at 556-562 West 126th Street, steps from Columbia University's new 17-acre Manhattanville campus. The buildings sold for $15 million, which translates to $384,615 per unit. The sales team of Shimon Shkury, Victor Sozio, Michael A. Tortorici, and Jesse Deutch represented the seller and procured the buyer, both real estate investors. read more
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PRESS RELEASE: Creative Office Space Continues to Shine in Portlands CBD
2013-12-02 19:59:00| National Real Estate Investor
Megan Dolan Jones Lang LaSalle Capital Markets experts today announced the sale of the Commonwealth Building, a 219,557-square-foot, creative class office building in downtown Portland, Oregon. An investment fund sponsored by Unico Properties LLC purchased the 14-story building, which was designed by world-renowned architect Pietro Belluschi, from Commonwealth Acquisition LLC for $41 million. read more
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space
PRESS RELEASE: Charles Dunn Company Completes $1.67 Million Sale of Multifamily Property in Santa Monica, California
2013-12-02 19:54:00| National Real Estate Investor
Darcie Giacchetto Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed the $1,675,000 sale of a fully occupied, six-unit multifamily property located at 1963 17th St. near the major cross street of Pico Blvd. in Santa Monica, Calif. Kimberly Roberts Stepp, senior managing director with Charles Dunn Company, represented the seller, a private investor from Los Angeles, as well as the buyer, an investor from Asia. The transaction closed at a 4.5 percent cap rate. read more
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