Savanna, a New York City-based real estate investment manager, owner/operator and developer, has acquired 799 Broadway, a Class-A office building in the Greenwich Village section of Manhattan, for a $255 million. The property was acquired at a discounted price from...
A 15-story office tower in downtown Oakland and a nearby parking garage have been sold for $99.6 million – five years after it changed hands for $175 million. SiliconValley.com reported Lakeside Group and Rubicon Point Partners, via an affiliate, partnered on the...
A 23-story Manhattan office tower that sold in 2006 for $332 million has changed hands in an online auction for $8.5 million – a 97.5% loss. The New York Times reported the owner of the property, an investment fund run by UBS Realty Investors, had previously tried to...
The Bay Area’s shaky real estate market received another blow as a vacant San Jose office property was foreclosed and seized by its lender. According to a Mercury News report, The Evergreen Advantage seized the 78,200-square-foot property at 5729 Fontanoso Way through...
The 40-story Burnett Plaza, the tallest building in Fort Worth, was sold in a foreclosure auction for $12.3 million. The Dallas Business Journal reported the 1 million-square-foot office building was purchased at about $12 per square foot, which was less than 1% of...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
