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Posts from CIJ for 01/02/2017

Daily Commercial Real Estate News from Europe and USA
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In this edition: 01/02/2017

Flats at Residence Garden Towers nearly sold out

Jan 02, 2017 11:21 am
Central Group sold 629 flats at Residence Garden Towers in Prague 3-Žižkov. The project is currently 97 percent sold, with just 19 flats still available. Approximately 70 units were not intended for sale. The project features five 18-story towers as well as a five-story basement. There is also 890 sqm of retail on the ground floor, including a restaurant, cafe and grocery...
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Česká spořitelna offering historically low rates till mid-January

Jan 02, 2017 11:08 am
Česká spořitelna is planning to increase interest rates in mid-January, giving clients a chance to secure historically low mortgage rates for another two weeks. The bank writes in a statement that its rates will grow by 0.4 percent to 2.19 percent starting Jan. 15. Česká spořitelna is currently offering clients a low rate of 1.79 percent for eight years or 1.89 percent for...
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Kaufland remodels hypermarket at Avion

Jan 02, 2017 11:05 am
The hypermarket at Avion Shopping Park in Bratislava is being modernized as Kaufland prepares to take over the space from Hypernova. Work will start this month with reopening scheduled for the fall. Customers will be able to shop for groceries at a temporary 200 sqm Delia supermarket, which will open in March. The shopping center’s hypermarket space will be downsized from...
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Skanska sells Westin Hotel in Warsaw for €56m

Jan 02, 2017 10:49 am
Skanska sold the Westin Hotel in Warsaw to Al Sraiya Holding Group for €56m. This is Skanska’s first hotel divestment on the Polish market. During the sales process JLL acted as the exclusive agent for Skanska. Legal advisers for the transaction were Linklaters for the purchaser and Dentons for the seller. The Westin was the second asset Skanska sold in the Polish capital...
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Quadrum Global wins $150m in financing for Queens resi tower

Dec 30, 2016 04:30 pm
Quadrum Global, in partnership with Simon Baron Development, has secured a $150 million construction loan for a luxury residential tower in Long Island City, Queens. Located at 29-26 Northern Blvd., the 42-story tower will offer 467 apartments slated for completion in early 2018. Ayush Kapahi of HKS Capital Partners sourced the financing on behalf of the borrowers with AIG....
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Bluerock Residential buys FL multifamily with Carroll Org

Dec 30, 2016 04:27 pm
Bluerock Residential Growth REIT has has closed on the purchase of a multifamily property in Port St. Lucie, FL, with Carroll Org as its partner in the deal. Known as Apex Prima Vista Apartments, the asset was sold for $38 million (or $118,750 per key) for the 320 unit community. Located a half mile from Federal Highway/US-1, the community features one-, two- and...
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Passco buys into Melbourne, FL rental market with $50m investment

Dec 30, 2016 04:23 pm
California-based real estate investor, Passco Cos., has closed on the purchase of Marisol at Viera, a 208 unit Class A luxury community in Melbourne, for $50.25 million. The property is located at 2439 Casabona Lane, in the 22,000 acre master planned community of Viera. The community comprises eight buildings and offers a mix of one-, two- and three-bedroom units. KeyBank...
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