Business Specialties
The NYC Affordable Housing Plan: The Complexities of a $41B Endeavor
New York City Mayor Bill de Blasio’s new $41 billion affordable housing plan, Housing New York: A Five-Borough, Ten-Year Plan, covers a lot of ground. And it has to. Here are some specifics and how they could be accomplished.
Spear Street Capital ID’ed as Buyer of BlackBerry Portfolio
Spear Street Capital L.L.C., announced yesterday as the buyer of the majority of BlackBerry’s Canadian real estate holdings, brings its substantial experience in taking over corporate offices that have become excess to requirements.
Economy Watch: Underwater Mortgages Drop, Non-Manufacturing Sector Expands
Black Knight released its Mortgage Monitor report for March yesterday, reporting a decrease in delinquent U.S. residential mortgages over the previous month. And economic activity in the non-manufacturing sector was up again in April, according to the Institute for Supply Management.
Hersha Hospitality to Pick Up Parrot Key Hotel in Key West for $100M
Hersha Hospitality Trust has entered into an agreement to purchase Parrot Key Hotel & Resort in Key West, Fla.
Washington REIT Acquires DC Office Building for $105M
Washington Real Estate Investment Trust has acquired 1775 Eye St., N.W., a 185,000-square-foot office building in Washington, D.C.’s Central Business District, for $104.5 million.
MGM Resorts, AEG Break Ground on New Vegas Arena
MGM Resorts and AEG last week broke ground on a new $375 million, 20,000-seat indoor arena west of the Las Vegas Strip, between the New York-New York and Monte Carlo resorts.
MIPIM Special Series — Part One: Shared Buildings and Spaces
The first in a three-part series of reports on worldwide real estate focused on shared buildings and spaces.
Curtis Spencer: Is E-Commerce Right for You?
Curtis Spencer, president of IMS Worldwide Inc., offers insights on the fast-growing e-commerce distribution phenomenon with CPE editorial director Suzann Silverman during NAIOP’s inaugural E.CON conference.
For Studley, $260M Merger with Savills Promises Blooming Global Platform
“We will be uniquely positioned to develop new business from around the globe, while continuing to deliver exceptional service to clients,” Mitchell Steir, Studley’s chairman & CEO, told CPE.
Neuberger Berman Takes 355 KSF at Vornado’s 1290 Avenue of the Americas
The investment management firm will relocate to the Midtown Manhattan trophy tower in late 2016 after 24 years at 605 Third Ave.