Rentv.com MBK Rental Living has opened Vida at Morgan Hill, a 389-unit apartment property in Morgan Hill, Calif. The Irvine, Calif., developer broke ground on the property, at 18125 Butterfield Blvd., in May 2022. The property has one- and two-bedroom units with washers and dryers, dishwashers, fireplaces and patios or balconies. It is 69 miles […] The post 389-Unit Apartment Property Opens in Morgan Hill, Calif. appeared first on Commercial Real Estate Direct ..read more

Chicago's central business district had 7.1 million sf of office space available for sublease in the first quarter, according to Cushman & Wakefield. That's down from the 8 million sf that was available in the fourth quarter of last year, making it the first time in 10 consecutive quarters that the amount of available sublease space has declined. The post Available Sublease Space in Chicago’s CBD Shrinks for First Time in 10 Quarters appeared first on Commercial Real Estate Direct ..read more

Commercial Real Estate Direct Staff Report The Carlyle Group has paid $20 million, or $322.83/sf, for the 61,951-square-foot self-storage facility at 1690 East New York Ave. in the Prospect Park section of Brooklyn, N.Y. The Washington, D.C., investor bought the property from Equity Resource Investments of Cambridge, Mass. It’s not clear how many units are […] The post Carlyle Pays $20Mln for Another Self-Storage Facility in Brooklyn, N.Y. appeared first on Commercial Real Estate Direct ..read more

Commercial Real Estate Direct Staff Report SL Green Realty Corp. has stuck a deal to sell the Palisades Premier Conference Center, with 48,000 square feet of event space in Palisades, N.Y., for $26.25 million, or $546.88/sf. The pending buyer was not disclosed. The deal is expected to close in the second quarter, generating $20 million […] The post SL Green to Sell Palisades, N.Y., Event Space for $26.25Mln appeared first on Commercial Real Estate Direct ..read more

Commercial Real Estate Direct Staff Report The Carlyle Group has paid $20 million, or $322.83/sf, for the 61,951-square-foot self-storage facility at 1690 East New York Ave. in the Prospect Park section of Brooklyn, N.Y. The Washington, D.C., investor bought the property from Equity Resource Investments of Cambridge, Mass. It’s not clear how many units are […] The post Carlyle Pays $20Mln for Self-Storage Facility in Brooklyn, N.Y. appeared first on Commercial Real Estate Direct ..read more

San Antonio Business Journal Dogwood Commercial has purchased the 163,000-square-foot San Pedro Plaza office building in San Antonio. The Dallas company bought the nine-story property from Buchanan Street Partners of Newport Beach, Calif., which had owned it since 2015. JLL brokered the transaction. The purchase price was not disclosed, but the property was assessed for […] The post Dogwood Commercial Buys 9-Story Office Building in San Antonio appeared first on Commercial Real Estate Direct ..read more

Fertitta Entertainment Inc. has bought 777 Post Oak Blvd., a 176,779-square-foot office building in Houston’s Galleria/Uptown submarket. The locally based company purchased the nine-story property from Post Oak Houston Real Estate Holdings, according to a report in the Houston Chronicle citing Harris County, Texas, deed records. JLL Capital Markets brokered the deal for the seller. […] The post Houston’s 777 Post Oak Blvd. Office Gets New Owner appeared first on Commercial Real Estate Direct ..read more

Stephen Zsigary has been named president and chief executive of Ashford Hospitality Inc. Zsigary, who is currently the Dallas REIT’s senior vice president of corporate finance and strategy, is replacing Rob Hays, who is stepping down from both positions effective June 30. Hays has been with Ashford for almost 20 years. Zsigary joined the company […] The post Stephen Zsigary to Replace Rob Hays as Next CEO of Ashford Hospitality appeared first on Commercial Real Estate Direct ..read more

An affiliate of W.P. Carey Inc. is offering for sale the 354,888-square-foot data center and office property at 9501 East Shea Blvd. in Scottsdale, Ariz.  The New York REIT has hired Marcus & Millichap’s Institutional Property Advisors unit to market the property, which it had purchased in 2000 for $40 million. The property is fully […] The post Data Center, Office Property in Scottsdale, Ariz., Hits Sales Block appeared first on Commercial Real Estate Direct ..read more

South Florida Business Journal YMP Real Estate Management has bought the Miramar Parkway Collection, a 373,228-square-foot office complex in Miramar, Fla., for $45 million, or about $120.57/sf. The Lauderdale Lakes, Fla., investment and real estate company purchased the four-building property from Starwood Investment Group of Miami Beach, Fla., which had acquired it in 2015 for […] The post South Florida Office Complex Sells as 45 Percent Discount appeared first on Commercial Real Estate Direct ..read more