Playa del Oro and Decron Properties CEO David Nagel Decron Properties has refinanced its large multifamily complex near Los Angeles International Airport, which is in the middle of a massive expansion effort. Mid-Wilshire-based Decron landed a $125 million mortgage for its 405-unit Playa del Oro complex, Commercial Observer reported. Barings, a subsidiary of insurance giant […]
The Real Deal wins 9 NAREE journalism awards
The Real Deal picked up 9 awards from the National Association of Real Estate Editors The Real Deal editorial team brought home nine journalism awards from the National Association of Real Estate Editors for its in-depth coverage of the industry in 2018. “With eye-catching artwork, design and photography, The Real Deal delivers sophisticated coverage, stylishly […]
Temple Emanuel of Beverly Hills sells a building to developer Crescent Heights
Crescent Heights co-founder Russell Galbut and Temple Emanuel of Beverly Hills Executive Director Matt Davidson, and the property on Burton Way Temple Emanuel of Beverly Hills has sold one of its mid-century buildings to Miami-based Crescent Heights, the latest religious institution to unload a property for future development. Crescent Heights paid Temple Emanuel $27.4 million […]
Nightingale’s $900M deal for the Coca-Cola building fizzles
711 5th Avenue (Credit: 42 Floors) It appears as though Nightingale Properties’ deal to buy the Coca-Cola building on Fifth Avenue has gone flat. Nightingale filed a lawsuit Friday in Manhattan State Supreme Court alleging Coca-Cola is in breach of the sales agreement the two parties struck in May to sell the building at 711 […]
Office rents in U.S. are going up — barely
(Credit: iStock) Office rents across the U.S. are ticking up. The average asking rent in May for office buildings over 50,000 square feet in size rose 0.4 percent compared to the previous three-month period, coming in at $36.33, according to data firm Yardi Matrix’s recent national report, covered by Connect Commercial Real Estate. The growth […]
On the upswing: Ex-Yankee Alex Rodriguez plans NYC real estate buying spree
From left: Stonehenge NYC’s Ofer Yardeni, Alex Rodriguez, and Modlin Group CEO Adam Modlin (Credit: Getty Images) Alex Rodriguez is in a New York City real estate state of mind. The former Yankees slugger plans to buy apartment buildings — big and small — as well as condos. Rodriguez’s A-Rod Corp. is partnering with Stonehenge […]