Business Specialties
Madison International’s Fund V Closes Oversubscribed at $825M
Madison International Realty got more than it had originally anticipated for Madison International Real Estate Liquidity Fund V L.P. It closed with $825 million of equity commitments, marking a notable sum above its $750 million target.
Blackstone Acquires Nationwide Select-Service Portfolio
The Blackstone Group has acquired a 15-hotel portfolio comprising 1,856 keys located in Alabama, California, Connecticut, Florida, Pennsylvania and metropolitan Washington, D.C., from OTO Development.
Crow Holdings Capital Closes M-F Portfolio Sale
Crow Holdings Capital Partners continues making moves, this week announcing it has sold a 12-property Class A multi-family portfolio with 4,426 luxury units.
Harbor Group Int’l Acquires 55 Broadway for $157M
An affiliate of Harbor Group International has acquired the 358,600-square-foot Class A office property at 55 Broadway in Manhattan from an affiliate of Broad Street Development for $157 million.
HAP Investments to Buy 1 MSF Development Site in Jersey City for $400M
HAP Investments is under contract to acquire 500 Summit Ave., a nearly one-acre lot in Jersey City, in conjunction with its planned development of the Journal Square site into HAP Tower. It comprises a 42-story apartment building, offices and retail.
…
Zeckendorf JV to Build 51-Story M-F Tower in Uptown Manhattan
Zeckendorf Development has revealed plans for 520 Park Ave., a 51-story luxury condominium property that will be built in a partnership with Global Holdings and Park Sixty in Manhattan.
Lew Rudin and the Rebirth of New York
Bill Rudin and author/historian Seymour Lachman discuss Lew Rudin’s legacy to New York City and the city’s future growth.
White Paper: Critical Risks in Lease Terms
As the CMBS market returns, borrowers would do well to ensure their lease documents are structured appropriately and they are familiar with the most critical elements.