Business Specialties
NYC Sees Strong RE Investment, Leasing Activity
New York City holds strong to its reputation as the world’s largest real estate investment market.
Executive Spotlight: David Antonelli, Bentall Kennedy
Early in his career, a well-meaning mentor suggested to David Antonelli that he might consider focusing on finance, rather than real estate, so he could easily transition between asset classes during variable economic times.
INTERNATIONAL: W. P. Carey Buys 31 Australian Industrial Properties for $138M
W.P. Carey has completed yet another international acquisition, closing a 20-year sale-leaseback deal with Inghams Enterprises Pty. Ltd., for a portfolio of 31 properties in the Australian market.
BCRE Acquires 627 Greenwich St. in Manhattan for $106M
Brack Capital Real Estate has closed on its $106 million purchase of a vacant, 12-story commercial building at 627 Greenwich St. in Manhattan’s West Village.
Hershey Trust Trades 218 KSF Shopping Center in Central Pennsylvania
Hershey Trust Co. has traded Hershey Square Shopping Center in Hummelstown, Pa. to Heidenberg Property Group for an undisclosed amount.
NOVEMBER ISSUE: Sustainability Case Study: Hudson Yards
The $20 billion Hudson Yards mixed-use community—the largest private American real estate development ever undertaken—appears destined to become one of the most technologically advanced and energy-efficient mega-projects the U.S. has seen.
Bucksbaum, Steiner Get $165M in Financing for Cincinnati Suburb Retail Center
A joint venture between Bucksbaum Retail Properties and Steiner + Associates, along with financial partner Mount Kellett Capital Management, received $165 million in construction financing for Liberty Center, a 626,791-square-foot retail town center development in Liberty Township, a northern Cincinnati suburb.
DRA Sells Fort Lauderdale’s Broward Financial Center for $112M, Reels in $61M in Financing
DRA Advisors has sold Broward Financial Center in Fort Lauderdale to AGS Property Corp., and HFF did double duty on the $112 million deal.
Howard Hughes Corp. Lands $600M for Nation’s Largest LEED-ND Platinum Project
Blackstone knows a good a project when it sees one. It doesn’t get much better than The Howard Hughes Corp.’s Ward Village, a mixed-use master-planned community that will rise on 60 acres situated directly between downtown Honolulu and Waikiki on Oahu.