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Tech Mogul Larry Ellison Buys London Office Property for $202.8 Million

Tech Mogul Larry Ellison Buys London Office Property for $202.8 Million

by Phil Hall | Dec 26, 2024 | Commercial Real Estate News, International Real Estate News, Market Snapshot, News/Current Events, WRE News Exclusive

Tech billionaire Larry Ellison has crossed the Atlantic to buy a London office property for roughly $202.8 million. The Oracle co-founder acquired the property from the Hong Kong listed investor Chinese Estates. According to a CoStar report, the West End property at...
Floyd Mayweather’s Christmas Gift: $20 Million Manhattan Retail Property

Floyd Mayweather’s Christmas Gift: $20 Million Manhattan Retail Property

by Phil Hall | Dec 26, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Boxing legend Floyd Mayweather didn’t wait for Santa Claus to bring him a present for Christmas – instead, he paid $20 million for a retail property in the heart of Manhattan. TMZ Sports reported Mayweather acquired the 1,540-square-foot multi-floor property, located...
Connecticut Office Property Sells at Significant Loss

Connecticut Office Property Sells at Significant Loss

by Phil Hall | Dec 24, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A 191,128-square-foot office building in Norwalk, Connecticut, that last sold in September 2018 for $16.5 million has changed hands for $5.9 million. The Hartford Business Journal reported the six-story building, which was built in 1988, was sold by Hanover Real...
Marcus & Millichap Closes $88.5 Million Sale of 31-Property Portfolio

Marcus & Millichap Closes $88.5 Million Sale of 31-Property Portfolio

by Phil Hall | Dec 24, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

The commercial real estate brokerage Marcus & Millichap (NYSE:MMI), in association with Northeast Retail, announced the $88.5 million sale of a portfolio 31 net lease properties anchored by Town Fair Tire. The properties are in Connecticut, Massachusetts, New...
DLC Pays $76.25 Million for Two Shopping Centers in Columbus, Ohio

DLC Pays $76.25 Million for Two Shopping Centers in Columbus, Ohio

by Phil Hall | Dec 23, 2024 | Commercial Real Estate News, Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

DLC, the Elmsford, New York-based owner/operator of open-air shopping centers, has acquired two Walmart Supercenter-anchored shopping centers in Columbus, Ohio, for $76.25 million. The properties, which are approximately 99% occupied, include the 395,074-square-foot...
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