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Conde Nast Takes 1 MSF at One World Trade Center
In a long-rumored lease deal, the publisher signed on the dotted line to relocate its headquarters to Lower Manhattan.
Forest City Wins Gigs
The firm has just added nearly 2.2 million square feet to its portfolio.
Virtus Enters Student Housing Arena
The recession may have emptied out office buildings, but the hallways of campus housing facilities have remained relatively full, and Virtus Real Estate Capital has just positioned itself to capitalize on the sector’s enduring strength. Its new fund, Virtus Student Housing L.P., will invest in excess of $300 million in student housing properties.
Economy Watch: Home Sales, Federal Bailouts
The U.S. Department of Commerce reported that new home sales ticked upward again in April by 7.3 percent to an annualized rate of 323,000 units. That was the highest rate since December, on the heels of a modest increase the month before.
Disney, Subway Expanding
Retail hasn’t exactly fully rebounded, but proving industry chatter correct, some chains have formally announced major expansion programs. Disney Store and Subway sandwich shops, riding the wave of a successful 2010, have made such commitments.
RECon Report: Economy Has Hit Bottom
According to Marcus & Millichap’s 2011 national retail report, cautious optimism is the order of the day.
Investors Ink Major Hotel Deals in L.A., Chicago
Deep-pocketed investors are returning to hotels as an investment vehicle, with two more big properties changing hands recently in major U.S. markets.
ULI Report: A New Era for Multi-Family
Not so long ago, the pinnacle of being an American meant owning one’s own home. But today offers a different story, according to a slate of panelists at the Urban Land Institute’s spring meeting.
SL Green, Vornado Maintain Majority Stake in Recapitalization of 280 Park
Broadway Partners and Investcorp have announced a recapitalization and redevelopment of 280 Park Ave. in Manhattan that retains their majority stake while placing the total capitalization of the Class A asset at an estimated $1.4 billion.
ULI Report: Panelists Debate ‘Destinies’ in Opening Keynote
With the U.S. economy–and indeed, the world–beginning to see a slight thaw in the recession, there was a palpable if tenuous sense of hope.