Real Estate Rumors: Contour Saws, Bove, Sonder

By Andrew McIntyre
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Law360 (March 16, 2021, 6:06 PM EDT) -- Contour Saws is hoping to sell two properties in Des Plaines, Illinois, Crain's Chicago Business reported Tuesday. The company is seeking to offload an industrial property at 1217 E. Thacker St. as well as an adjacent parcel, and a would-be buyer may be able to build apartments or town houses at the site, according to the report, which said the asking price is unknown.

Bove Development has purchased 39.8 acres in Palm Beach County, Florida, for an undisclosed amount, the South Florida Business Journal reported Tuesday. The deal is for land west of Delray Beach that's owned by the Taheri Grandchildren's Irrevocable Trust, and Bove could build a mix of apartments and self-storage space there, according to the report.

Sonder is planning to open a hotel in Manhattan in April, The Real Deal reported Tuesday. The startup leased 9 W. 26th St. from owner Premier Equities in 2019 and interior renovation work at the property subsequently hit delays due to the COVID-19 pandemic, according to the report.

--Editing by Stephen Berg.

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