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Newmark Unveils New Name, Eyes IPO
Dropping “Grubb” from its corporate handle, the services firm has rebranded as Newmark Knight Frank. Its parent company, BGC Partners, is planning to spin off the real estate services unit in an IPO in the fall.
Don’t Count the Regional Mall Out: Transwestern
A new report aims to debunk the supposed demise of the regional mall, and sheds light on strategies for both reinventing retail assets and boosting traditional brick-and-mortar.
Paramount Lands $300M Refi for Manhattan Asset
The REIT engaged Eastdil Secured to arrange the financing for 712 Fifth Ave., a 52-story, 543,000-square-foot Class A office tower in the Plaza District.
Brookfield Acquires $440M Interest in Downtown LA Asset
The California Market Center is home to fashion industry showrooms, creative office spaces, event venues, fitness studios and beauty salons. the property was the first wholesale fashion showroom to open its doors on the West Coast.
NYC Towers to Undergo Ambitious Upgrades
The buildings completed in the 1920s and 30s total 1.1 million square feet and sit not far from the massive Hudson Yards development.
Amazon Brings 855 KSF Fulfillment Center to CT
The facility in North Haven, which will generate 1,500 full-time jobs, is upping the retail giant’s total to three sites in the state, joining those in Wallingford and Windsor.
Digital Realty, DuPont Fabros to Merge
The all-stock transaction valued at $7.6 billion paves the way for the creation of the second-largest data center REIT and the eighth-largest publicly traded REIT in the country.
Overbuilding in Richmond?
With almost 20,000 units in the pipeline—more than a third of which are under construction—the metro is at risk of overbuilding. As new stock is putting a damper on growth, Yardi Matrix expects rents to rise by 3.5 percent in 2017.
Kim Rousseau: Today’s Office Design Drivers
Cooper Carry Principal Kim Rousseau outlines the four trends driving design requests from office clients, offering insights into ways to address the need to achieve a sense of community, well being, hospitality and flexibility.
Philly-Area Office Trades, Lands $45M Financing
HFF’s investment sales team reeled in a buyer for Valley Creek Corporate Center, then the firm’s debt placement team secured acquisition funds for the Pembroke-Ten Capital joint venture through Barclays Capital.