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Newmark Group to Acquire RKF Retail Holdings
Robert Futterman, RKF’s chairman & CEO, will become chairman of Newmark’s Retail Leasing Division as part of a move that expands the firm’s retail services.
Columbia Property Sells Manhattan Office Asset for $333M
NYU Langone Medical Center has a 30-year triple net lease for the 390,000-square-foot building, which was recently converted for use as a multispecialty ambulatory care facility.
MCR Acquires Trio of Hilton Hotels Near University of Illinois
The U.S.’s seventh-biggest hotel owner-operator toasts the addition of three properties in Champaign, near the home of the Fighting Illini, including a Homewood Suites just steps from the campus.
An $850M Gamble on a Famed Yonkers Casino
The Yonkers Racing Corp. has agreed to sell the property and the operations associated with the Empire City race track and casino to MGM Resorts International and MGM Growth Properties LLC.
Cammeby’s Completes Office-Retail Building in Brooklyn
The 161,000-square-foot property is 50 percent leased and is part of the larger Neptune/Sixth project that will feature more retail and apartments in a nearby 42-story tower.
Lamar Acquires 550 KSF Phoenix-Area Shopping Center
In partnership with Real Capital Solutions, the company purchased a segment of Promenade at Casa Grande, a 1 million-square-foot retail property in Casa Grande, Ariz.
Poll: Top Office Amenities
CPE has a new poll! We want to know which office amenity is the most in demand at your office property.
CRE Challenges: A Look at Current Retail Issues
Foley & Lardner attorney Kim Ashby talked to Commercial Property Executive about the impact of key economic trends on the retail climate and what the future may hold for brick-and-mortar businesses.
Blackstone Sells NYC Office Tower for $640M
The company found a buyer for the 683,000-square-foot 5 Bryant Park in Midtown Manhattan with the assistance of JLL and HFF. JLL also arranged $463 million in acquisition financing.
Meridian Capital Lines Up $105M for SoCal Office Refi
An affiliate of J.H. Snyder Co. used the funds to refinance the 11-story SAG-AFTRA Plaza building along the Miracle Mile in Los Angeles.