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Tishman affiliate buys 3 Fla. hotels for $81M; NYC building sells for $26M

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Tishman affiliate buys 3 Fla. hotels for $81M; NYC building sells for $26M

This feature rounds up recent commercial property news and highlights larger deal coverage already published.

* Tishman Hotel & Realty LP affiliate Tishman Select Partners acquired the 133-room Homewood Orlando Theme Parks, the 130-room Homewood Lake Buena Vista and the 137-room Hilton Garden Lake Buena Vista hotels in Orlando, Fla., for $81 million from Kalson's Hospitality, the Orlando Business Journal reported, citing sources familiar with the deal.

* Gould Investors LP purchased the five-story, 37,000-square-foot, 40-unit multifamily building, with about 60,000 additional buildable square feet, at 153-159 E. 96th St. in the Upper East Side of New York, from the Wolfson and Zlotnick families for $25.5 million, The Real Deal reported, citing unnamed sources.

* Principal Real Estate Investors LLC put a 16-story, 320,000-square-foot office tower at 505 N. Brand Blvd. in Glendale, Calif., up for sale for up to $96 million, while Operating Engineers Funds Inc. is looking to sell an 11-story, 208,000-square-foot office tower at 301 N. Lake Ave. in Pasadena, Calif., for around $73 million, the Los Angeles Business Journal reported, citing sources.

* TH Real Estate hired Eastdil Secured to market its 49% stake in the 17-story, 260,000-square-foot 470 Park Ave. S. office building in New York, The Real Deal reported, citing sources.

* Hotel software provider TravelClick and investment manager Millburn Ridgefield Corp. each signed separate 10-year lease deals for SL Green Realty Corp.'s 34-story, 348,000-square-foot Tower 46 office building at 55 W. 46th St., in Manhattan, N.Y. TravelClick took the 22,518-square-foot 27th floor, while Millburn Ridgefield took the 22,523-square-foot 31st floor, the Commercial Observer reported.

* Shopify Inc. is in talks with Allied Properties REIT and RioCan Real Estate Investment Trust to lease space at the Well, a 7.8-acre office, retail and residential development in Toronto, Bloomberg reported. The two REITs own the 1.6 million-square-foot commercial space at the site, and Allied is already closing deals with three tenants for the first 475,000 square feet of the space it is leasing, the report added.

* Brookfield Property Partners LP is close to signing on Union Square Hospitality Group LLC for 20,000 square feet of the six-building Manhattan West project, the Commercial Observer reported, citing sources.

Additional coverage

Kilroy Realty buys San Francisco development site for $308M

Deal reached between Vornado, Kushner on 666 Fifth Ave. stake sale

AvalonBay Communities sells two communities for $195M

Chesapeake Lodging to shed Santa Barbara, Calif., hotel for $90M