Real Estate News
- Related Companies, Atria Senior Living Make $3 Billion Bet on Luxury Senior Housing for Baby Boomers in Hip, Urban Settings October 17, 2018Developer Related Companies and senior housing manager Atria Senior Living plan luxury senior living centers in urban areas, the latest companies to build centers to care for aging baby boomers. Developer Related Companies and senior housing manager Atria Seni
- Invesco Lends $250 Million for Refinance of 80-90 Maiden Lane October 15, 201890 Maiden Ln. in New York City. Investment manager Invesco has provided landlords behind 80-90 Maiden Lane in New York City with a $250 million floating rate loan to refinance legacy financial district office buildings at the intersection of William and Pearl Streets. The properties are owned Washington, D.C.-based investment manager Normandy Real Estate Partners […]
- Colliers International COO Kim Brennan to Join CBRE October 10, 2018By: Linda Moss and Diana Bell Kimberly Brennan is leaving Colliers International, where she was chief operating officer for its New York tri-state region operation, to join CBRE Group Inc. as senior managing director, a new position at the company, in New York. In an internal memo Wednesday, Matt Van Buren, president of CBRE's Northeast […]
- AvalonBay's New York City Apartment Profits May Head to Denver, South Florida October 9, 2018Invesco Real Estate plans to buy an 80 percent stake in five apartment buildings owned by AvalonBay, including the Avalon Morningside in Manhattan. Real estate investment trust AvalonBay is considering a shift in its latest focus from apartments in New York City to Denver and southeast Florida, areas where the company expects steady job growth, […]
- Fannie Mae's Leader is a Brokerage Veteran October 9, 2018Hugh Frater, interim CEO of Fannie Mae. Government-backed mortgage giant Fannie Mae tapped a veteran real estate investor and brokerage executive to lead the government-sponsored enterprise -- at least for now. Fannie said Hugh Frater, former CEO of Berkadia, is taking over this week as interim CEO of the largest provider of liquidity to the […]
- CIM Commercial Puts $1.3 Billion of Office Properties on the Market October 8, 2018CIM Commercial Trust plans to take advantage of heavy leasing demand in the office market in Oakland, California, in its recapitalization plan. CIM Commercial Trust, 95 percent-owned by a group of institutional investors, said it is taking advantage of heavy demand in Oakland, California, and Washington, D.C., by putting as much as $1.3 billi
- WeWork Expands Manhattan Office Space with Plaza District Lease October 8, 2018WeWork, the largest shared U.S. workspace provider and biggest private occupier of office space within Manhattan, signed a 117,000-square-foot lease spanning five floors of 575 Lexington Ave., the 35-story Plaza District office tower known for its black glass sheathing. The transaction makes WeWork the second-largest tenant within the 739,040-square-foot building, which is owned by a […]
- London Stock Exchange Relocating Downtown to 28 Liberty Street October 8, 2018The London Stock Exchange has signed a long-term lease to relocate downtown into 75,000 square feet at 28 Liberty St. in a move it says is meant to consolidate its Manhattan operations. The Exchange’s new space will span the 57th and 58th floors at the 2.3 million-square-foot office building formerly known as One Chase Manhattan […]
- Dalan Management, Elion Partners Team on Purchase of Apartment Portfolio Bordering Google’s New York HQ October 8, 2018In the second round of an aggregate $150 million joint-venture investment plan, New York-based real estate investment firms Dalan Management and Elion Partners have teamed to buy an eight-building apartment complex across the street from Google’s Manhattan headquarters for $83 million, or about $814,000 per door. With this joint venture, the firms are targeting apartment […]
- Bridgeton Holdings Secures Funding for Downtown Office-to-Hotel Conversion October 8, 2018New York-based developer Bridgeton Holdings has closed on $57 million in financing to complete its second Manhattan hotel project, the Walker Hotel Tribeca. The capital markets team of commercial real estate services firm Newmark Knight Frank arranged the funding on behalf of Bridgeton, placing the loan package through Bol Federal Bank. Originally a 10-story office […]
- Knotel Leases 20,000 SF at 250 Hudson September 11, 2018Knotel, a flexible office space provider, signed a lease for 19,563 square feet in 250 Hudson St. in New York City. The 15-story building totals 394,424 square feet in the Hudson Square submarket. It was constructed in 1932 and was renovated in 2008. Other tenants in the building include Edelman, Major League Gaming and the […]
