Real Estate News

• What Northstar/RXR's Forming of a 'Special Committee to Explore Strategic Alternatives' Could Portend May 17, 2018
  Northstar/RXR holds a minority interest in the UBS Tower at 1285 Avenue of the Americas with affiliates of RXR and David Werner Real Estate following its May 2016 acquisition of the Manhattan skyscraper for $1.65 billion. Northstar/RXR, a public, non-traded REIT focusing on debt and equity investments in properties across the New York metropolitan area, […]
• DivcoWest Lines Up CalSTRS Pension Fund to Back $300 Million Core Investment Venture May 16, 2018
  Lakewood Center I, a current DivcoWest holding in Austin DivcoWest Real Estate Services, the San Francisco-based real estate investment firm headed by Stuart Shiff, has once again teamed up with the California State Teachers’ Retirement System (CalSTRS) to invest in commercial real estate. Their latest collaboration has earmarked $300 million to acquire properties in a […]
• Blank Rome the Next Big Law Firm Headed to 1271 Sixth May 16, 2018
  At 1271 Sixth Ave., Rockefeller Group looks to be striking gold with corporate law firms, as a second major attorney group has signed a big-block lease to relocate its New York headquarters. American law firm Blank Rome has agreed to take nearly four floors at the 48-story tower situated across the street from Rockefeller Center. […]
• Knotel Grabs 23,000 SF at Savanna’s 27th Street Tower May 16, 2018
  Still in expansion mode, Knotel has added another Chelsea property to its offerings. The shared workspace provider has signed a 23,000-square-foot lease at 31 W. 27th St. with Savanna, a New York City-based real estate investment manager. Knotel’s seven-year term, for space encompassing the fourth and tenth floors of the tower, marks its first agreement […]
• Once Owned by Trump, The Plaza Hotel Will Sell Once Again May 15, 2018
  The iconic Plaza Hotel is expected to sell to Ashkenazy Acquisition Corp. and its acquisition partner, Saudi Prince al-Waleed bin Talal, at the end of the month. The deal, subject to customary closing conditions, would value the Plaza Hotel at $600 million, or more than $2 million per room. The investors already own a partial […]
• Newmark Adds to Valuation/Advisory Practice with New Teams, Hires in NYC and Florida May 15, 2018
  Newmark Knight Frank (NKF) has announced the addition of two new valuation and advisory teams based in New York City and the Florida markets of Boca Raton and Miami. The newly formed Tri-State team includes industry veterans Matt Victor, Joe Ferranti and Jeff Mayer. Victor, a senior managing director, will lead the tri-state multihousing team […]
• BMCC Expands into 78,000 SF, Cementing Anchor Status at Jack Resnick & Sons' 255 Greenwich Street May 14, 2018
  The Borough of Manhattan Community College (BMCC), home to one of the largest associate’s degree programs in the City University of New York (CUNY) system, is getting some additional space. The school has signed a new 17-year lease deal for 77,882 square feet at the 14-story, 640,000-square-foot, 4-Star office tower at 255 Greenwich St. in […]
• Corporate Housing Shop on the Hunt for Apartments May 11, 2018
  Reside Worldwide, one of the big managers of corporate housing in the U.S., is set to become a big owner of rental properties.
• SL Green High Bidder in Foreclosure of Leasehold Interest at 2 Herald Square in New York May 11, 2018
  SL Green Realty Corp. was the successful bidder for the leasehold interest at 2 Herald Square, at the foreclosure of the property this week. Located on a prime corner of Herald Square at the intersection of Sixth Avenue, Broadway and 34th Street, 2 Herald is a 369,000-square-foot office and retail building in one of Manhattan’s […]
• The Transit Factor in Amazon's HQ2 Selection Reflects Transportation's Growing Economic Development Clout May 10, 2018
  Pictured: 101 Main St. in Cambridge, MA, a 341,000-square-foot office property occupied by Amazon.In cities across America, weary locals have long complained that strained transportation networks were failing to keep pace with the rush of new development. Then, Amazon announced it would conduct a nationwide search for a place to locate a second headquarters. The […]
• WeWork Bond Prices Continue to Fall May 9, 2018
  A week after the initial offering closed, WeWork Cos. high-yield bonds continue to see price declines on the secondary markets. The popular co-working giant's bonds traded at 93 cents on the dollar on Tuesday. That's a notable decline from the $702 million bonds' face value when the company first marketed them in April. It pushed […]
• Kroll to Relocate to 95,000-SF Space at 805 Third May 9, 2018
  Kroll Bond Rating Agency, Inc. (KBRA) has signed a new sublease for 95,200 square feet at 805 Third Ave. in the Plaza District submarket of Manhattan. KBRA will take over four full floors formerly occupied by the Meredith Company, a media group headquartered in Des Moines, IA. Meredith is looking to consolidate its New York […]
• Deutsche Bank Becomes Latest Major Investment Bank to Depart Wall Street May 7, 2018
  Deutsche Bank is scheduled to begin moving to One Columbus Circle in 2021. Image credit: The Related Companies Deutsche Bank AG confirmed it will join the exodus from Wall Street after agreeing to lease 1.1 million square feet of office space in Related Companies' Time Warner Center as part of a broad restructuring of its […]
• MDRC Signs New 55,000-SF Lease at 200 Vesey May 2, 2018
  MDRC, a non-partisan policy research association, has signed a new 10-year lease for 54,735 square feet in the office building at 200 Vesey St. in New York City. The company will occupy the entire 23rd floor of the 51-story, 2.5 million-square-foot, 4-Star building in Brookfield Place. It was built in 1986 on 1.9 acres in […]
• Conde Nast Offering 330,000 SF for Sublease at 1WTC May 1, 2018
  Conde Nast, an American mass media company, will offer seven full floors of its existing space at 1 World Trade Center in New York City for long-term sublease. The space available for lease totals 330,000 square feet spanning floors 36 to 42 in the 104-story, 3.21 million-square-foot, 5-Star office tower. Currently, the company occupies 1.2 […]

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