Business Specialties
Westfield to Invest $612.5M in New WTC Retail Joint Venture
The World Trade Center redevelopment has taken a big step forward, with the Westfield Group entering into a JV with the Port Authority for $612.5 million.
CBRE Secures Two Big Contracts Totaling 77 MSF
CBRE has been chosen by HSBC Holdings PLC to take on the role of exclusive global strategic property portfolio manager for the financial company’s 72 million-square-foot international portfolio.
USAA, RXR, Broadway Partners JV for 750 KSF NYC Recap
The U.S. Republic Core Fund, an affiliate of USAA Real Estate Co., along with RXR Realty and Broadway Partners, announced the recapitalization of 340 Madison Ave.
Update: Creating the Big Picture for the WTC Site
At a reception hosted by CoreNet and Silverstein, preeminent developers, tenants and property managers of the WTC site discussed future plans, current signings and past successes on the leasing and development sides.
Ratings Issue Brings Goldman Sachs, Citigroup $1.5B CMBS Sale to an End
Goldman and Citigroup announced earlier this week the cancellation of the transaction involving nearly $1.5 billion in commercial mortgage pass-through certificates.
Cushman & Wakefield Wraps Up $500M Financing Deal
Cushman & Wakefield, currently investigating growth opportunities, is taking advantage on the capital markets’ warmer perception of certain real estate companies.
Taylor & Mathis to Oversee Leasing of IndCor’s 1.2 MSF Tampa Portfolio
Taylor & Mathis of Florida L.L.C. has picked up a management-leasing contract from IndCor Properties Inc. for 1.2 million square feet in the Tampa area.
Cassidy Turley Orchestrates $54.4M Financing Deal for UFT Headquarters
Cassidy Turley went to bat for the United Federation of Teachers and hit a home run with the arrangement of $54.4 million of financing for the union’s headquarters at 50 Broadway in Manhattan.
Savanna Signs 60 KSF New Leases on 40th Street in Manhattan
Savanna announced the signing of more than 60,000 square feet of new leases at 104 West 40th Street, representing nearly 30 percent of the building’s 210,000-square-foot capacity.
Prudential Mortgage Closes $355M Loan for Douglas Emmett Portfolio
Prudential has provided Douglas Emmett Inc. with a $355 million first mortgage with the REIT’s 1-million-square-foot commercial-property portfolio serving as collateral.