Monday Properties' 1812 North Moore St. landed Nestlé's U.S. headquarters in 2017, but it still has over 100K SF vacant as it heads to foreclosure.
Charlotte, North Carolina-based Barings provided the loan to refinance the Renaissance Boston Seaport Hotel.
The CIA buys a Chantilly office building, JBG Smith offloads properties in the West End and NoMa, a defaulted office loan sells for $25M, and more.
No other bids emerged at the auction, which was held in private. Mayor Zohran Mamdani has opposed the sale.
Blackstone paid $20M more for the property in 2014.
The office building houses tenants like Sony Music and Gemini.
The storied hotel, which closed for eight years for restorations reportedly costing as much as $4B, may soon be on the market.
As sales prices surpass $500/SF, some experts maintain that Atlanta's office investment market will continue strong momentum for the foreseeable future.
DLA Piper's 11th Global Real Estate Summit.
Sunstone Hotel Investors of Aliso Viejo acquired the Hyatt Regency Embarcadero in 2013 for $262.5M.
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