MILAN-Part of the prestigious CIGA portfolio, the Hotel Principe di Savoia is under contract to the London-based Dorchester Group. The sale is expected to close in late June.
MEMPHIS-The fast-food chain has partnered with Well Done Enterprises to develop 23 restaurants in Washington, DC and two outlets in State College, PA over the next 10 years. Back Yard will also open more than 20 stores this year, five of which will be co-branded with Taco Bell.
NEW YORK CITY-The foodie-friendly gourmet grocery chain will open a New York City flagship store on concourse one of the 2.1 million-sf Columbus Circle development. A broker on the deal says it will be the "Harrods of New York.
BATH, ME-The supermarket chain will make some big changes in its Maine operations. Plans are under way to expand its store here by 20,000 sf, replace an existing Brunswick location with a 69,000-sf facility and enter the Wiscasset area with a 43,000-sf store.
SOMERVILLE, MA-One Liberty Properties Inc. purchases the retail property for $2.5 million. Leased to Walgreen's, the property is a standard acquisition for the NY-based REIT, which targets single-tenant, net-leased properties.
BRANSON, MO-Located along more than a mile of lakefront property adjacent to downtown Branson, the mixed-use project will include a 220,000-sf convention center, 300-key hotel and a 1.2-mile promenade lined with retail and entertainment venues.
NEW YORK CITY-The Shelbourne REITs sell their only Manhattan asset, a 12-story landmark built in 1897. The buyer is a three-family partnership that signed a contract on the property in October after a highly competitive bidding process.
NEW YORK CITY-The value of the 20-year deal, which keeps 1,500 of the financial services firm's operations and global clearing services staff in the city, has been reported at more than $230 million.
NEW YORK CITY-After holding the assets for 80 years, the Simkowitz family sells off 12 multifamily buildings containing 786 units in Northern Manhattan, the Bronx and Westchester. Massey Knakal and CBRE co-broker the deal.
DECATUR, IL-Queen Anne Realty of New Jersey bought the massive industrial facility, which is situated on 153 acres. The property has been sitting empty for more than a year. Binswanger/CBB brokered for the seller.