New York
Rumors of Legg Mason, Clarion Deal Heat Up
Legg Mason, the Baltimore-based global asset manager, could soon be the new majority owner of real estate investment manager Clarion Partners in a deal valued at $850 million.
Cushman & Wakefield Welcomes New Executive Vice Chairman
Mark Weiss has left NGKF behind to join Cushman & Wakefield’s New York office as executive vice chairman.
Williamsburg Mixed-Use Sets Sights on 2016
Heritage Equity Partners and Rubenstein Partners have submitted plans to develop 25 Kent Ave., a proposed 480,000-square-foot project.
Law Firm Takes Bigger Space at Park Avenue
Stradley Ronon Stevens & Young has signed a new lease for 9,620 square feet at 100 Park Avenue in Manhattan.
Adidas Jogs Over to Fifth Avenue
The global giant Adidas will open up its largest store to date on Fifth Ave. in New York City in fall 2016.
Fried Frank Executes 3 Transactions in 2 Days
Fried Frank has been busy with three major deals closed within two days, including the sale of Stuyvesant Town-Peter Cooper Village in Manhattan to The Blackstone Group and Ivanhoé Cambridge for $5.3 billion.
Rockefeller Group Doubles Up
The global real estate company plans to push Daniel L. Rashin up the ladder to serve as the new co-president & CEO alongside current president & CEO Atsushi Nakajima.
Wells Fargo Joins Hudson Yards
The leading financial services firm is now fully committed to more than 500,000 square feet in the flagship tower.
NYC Office Building Commands $107M
A joint venture between William Macklowe and Principal Real Estate Investors has acquired 311 W. 43rd St.