News
Midtown Manhattan Tower Receives $125M Financing
Pearlmark will use the proceeds from the loan to refinance the LEED Silver-certified Tower 56, as well as cover the costs of future leasing efforts.
Brookdale Group Buys Raleigh Office Park
The company acquired the three-building WestChase Office Park from an institutional investor. TD Bank provided acquisition financing to facilitate the transaction.
Ground Breaks on $500M Ritz-Carlton in NYC
Marriott International and Flag Luxury Group have teamed up to develop the 250-key property in Manhattan’s increasingly popular NoMad neighborhood, adding guest accommodations and branded residences to the market.
Warehouse Industry’s Move to the City
Transwestern’s Walter Byrd discusses what drives industrial users and retailers to the urban core, the challenges that come along with this move, as well as the hottest urban warehouse markets.
StarPoint Acquires Beverly Hills Office Building for $193M
The company plans to renovate and reposition the 46-year-old tower at 433 N. Camden Drive, which ranks as the second-tallest building in the high-end submarket.
KBS Realty Sells 388 KSF Office Campus in Austin
Intercontinental Real Estate Corp. is the new owner of Stonebridge Plaza I & II, a Class A asset comprising two LEED-certified buildings adjoined by a parking garage.
Spaces Inks Second Park Avenue Lease
The coworking giant signed on to occupy the entire office component of an historic Manhattan building that is currently undergoing redevelopment.
Self Storage Shakeout Ahead?
The sector’s strengths attract both REITS and private capital, yet some insiders worry about overbuilding and downward pressure on rental rates.
More Commercial Mortgages for Regional, Local Banks: When Is Enough?
Yardi Matrix Director of Research Paul Fiorilla assesses the risks some financial institutions face at this late stage in the economic recovery.
NKF Adds Member to Valuation and Advisory Team
The company named Drew Robinson, a 15-year commercial real estate veteran, senior vice president. Most recently, he served as vice president at CBRE.