News
Paramount Group to Sell Stake in $2.4B NYC High-Rise
The REIT will welcome a joint venture partner at 1633 Broadway with the trade of a 10 percent ownership interest in the Midtown Manhattan trophy tower.
Unemployment Claims Top 6.6 Million
The new figures, released this morning, come on the heels of the previous week’s record of almost 3.3 million.
Houston Office Tower Lands Refi
JLL arranged the refinancing of Two CityWestPlace in the metro’s Westchase submarket.
Phoenix Investors Expands in Pittsburgh
A company affiliate is the new owner of a 625,000-square-foot building and 53 acres of land in West Mifflin, Pa.
Cushman & Wakefield Negotiates New Jersey Office Lease
The company’s Curtis Foster and Jerry Shifrin represented the owner of the 300,000-square-foot property. A cleaning supplies distributor will occupy roughly 10 percent of the building.
Turnbridge Equities Pays $35M for Raleigh Mixed-Use Asset
The company is planning a $1 million renovation of the former creamery, which dates back to the 1920s.
Q&A With CBRE’s Brian Stoffers
CBRE’s global president of Debt & Structured Finance weighs in on the capital markets’ current environment and recent actions by the Fed.
Construction Costs Continue to Rise in 2020
Even before challenges presented by the coronavirus pandemic, high construction costs were making some deals impossible to pencil.
JLL Closes Sale of Procter & Gamble’s Kansas City Campus
Kevin Wilkerson and Phil Algrim arranged the deal on behalf of the seller.
Suburban Los Angeles Office Park Trades for $78M
After almost 13 years of ownership, Columbia Property Trust sold the three-building asset.