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Sheraton Boston could sell for $244M, report says - Boston Business Journal

Sheraton Boston could sell for $244M, report says - Boston Business Journal
bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.

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Chicago Wacker Drive skyscraper, former Leo Burnett Building, for sale

The former Leo Burnett Building will measure how real estate investors feel about the future of downtown office towers. ....

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Huge Plano apartment community up for grabs

One of Plano’s biggest apartment communities is up for grabs with a potential price tag to match. The Legacy North apartments contain 1,675 rental units. ....

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D.C. Investment Sales Market Heating Up, Expected To Catch Fire Later This Year

Courtesy of ASB Real Estate Investments
The office building at 64 New York Ave. NE.
A handful of big deals closed in April, several buildings have come onto the market, and experts believe that D.C.-area investment sales volume will increase significantly in the second half of this year.
The renewed activity in the capital markets comes as more employers are planning to bring employees back to the office this year, giving investors the confidence to place large bets on the office market s future. The bets that have been placed thus far have been on the safest assets those with long-term, stable tenants but experts see investors beginning to take a closer look at assets with vacancy or upcoming lease expirations that create more risk, but also more opportunity to add value. ....

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David Werner Acquiring Harlem Office Leasehold for $60M

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David Werner acquiring Harlem office leasehold for $60M
Brookfield unloading legacy property from Forest City takeover
New York /
UPDATE, Apr. 1 2021, 1:55 p.m.: David Werner is betting on Harlem.
The prolific real estate investor will acquire the 55-year leasehold of a Harlem office complex at 317 Lenox Avenue from Brookfield Asset Management. The deal is still pending, but is expected to close for approximately $60 million.
The seven-story, 160,000-square-foot complex sits atop 100,000-square-foot retail space whose tenants include CVS and Marshalls. The property is controlled by a partnership led by Madison International Realty, according to Real Estate Alert, which first reported the news. The average remaining lease term for office tenants is about nine years. ....

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