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Tishman to Build NYC’s One Vanderbilt
Tishman Construction is in charge of the construction of One Vanderbilt, a $1 billion mixed-use office development in Manhattan.
Top 10 NYC Commercial Property Sales Recorded in May 2016
The stats are in, and the latest PropertyShark data shows which New York City properties recorded in May clocked in the top ranking sale prices. Keep reading and discover which borough dominated, which made a surprise run for the top, which property types are the hottest now, and who the big deal makers are. 1. 1285 Avenue of the Americas, Manhattan Sales Price: $1,649,000,000 Buyer: RXR 1285 Owner LLC Seller: 1285 LLC This is another monumental deal closed by RXR. The new owner inherits the UBS as a tenant for 900,000 square feet of this building. Originally designed by…
WP Glimcher CEO Steps Down
Along with Michael Glimcher’s resignation, the company plans to remove reference to the family from its name.
Bellwether Enterprise Secures $411M in Loans
The mortgage banking subsidiary of Enterprise Community Investment Inc. closed 40 deals worth a total of $411 million in loans last month.
Economy Watch Weekly: Retail Sales Get a Boost
Economy Editor Dees Stribling examines the factors leading to increased consumer spending last month and if this trend will continue, for the week ending June 17, 2016.
Economy Watch: Pimco Predicts Stormy Times Ahead for CRE
The company’s recent report points to several factors that could lead commercial real estate prices to fall as much as 5 percent in the next year.
Brandywine, Drexel Unveil $4.5B Plan for Philly Transit Hub
The 35-year plan, centered on Amtrak’s 30th Street Station, is set to bring 18 million square feet of mixed-use development to downtown Philadelphia.
Värde to Buy Master-Planned Community in Utah
The transaction includes 500 finished home sites, a retail district and 2,500 acres of developable land.
American Realty Capital Snaps Up NYC Office Building
The 22-story asset was acquired from an affiliate of Blackstone Real Estate Partners VI.
Forever 21 Anchors KTGY-Designed SouthBay Pavilion Expansion
The retailer will join a number of food concepts at the new section of the mall.
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