Original Southeast commercial real estate news & events for Atlanta, Carolinas, Memphis, Miami, Nashville, Orlando and Washington D.C. metro area; plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
The agreements call for Century Casinos, Inc. of Colorado Springs, CO to acquire the operating assets of the three properties from Eldorado Resorts for approximately $107 million and VICI Properties Inc. of New York City to acquire the land and real estate assets of the three properties for approximately $278 million.
The biggest gainer within the top 10 cities was Midtown Manhattan in New York City, which climbed to the fourth most expensive market this year from the sixth last year.
Industrious Country Club Plaza will offer co-working and private offices for teams of various sizes. The new location in Kansas City is expected to open for business in the third quarter of this year.
Domenico De Sole, chairman of Sotheby's Board of Directors, says that the board of directors approved the purchase deal after a comprehensive review. “After more than 30 years as a public company, the time is right for Sotheby's to return to private ownership to continue on a path of growth and success," he says.
For the past six years, Transwestern has provided investment advisory services to Sumitomo Corporation of Americas including sourcing, property evaluations, operational assessments and market assessments.