Regions
On the Ground: Downtown Detroit Today
Contributing editor Leah Etling paid a visit to Detroit in August. View her photos and read her commentary on the market.
C&W: NY’s Upper Fifth Avenue Breaks Record for World’s Highest Retail Rents–Ever
It may be debatable that New York City is the best place in the world for shopping, but it is a matter of fact that Gotham’s Upper Fifth Avenue is the most expensive.
Chambers Street Acquires Industrial Portfolio in NE Pennsylvania
Chambers Street Properties has acquired a four-property,1,644,480 million-square-foot portfolio located in the Northeast Pennsylvania industrial market for $106 million.
TIAA-CREF Buys 21 Penn, 2 Herald Square in Midtown Manhattan
The buying spree by TIAA-CREF is so fast and furious lately that the latest deal was actually two of them.
INTERNATIONAL: JW Marriott Launches 115-Key Luxury Resort in India
JW Marriott Hotels & Resorts has opened JW Marriott Mussoorie Walnut Grove Resort & Spa, the hotel giant’s sole resort in the country.
1 WTC Signs Full-Floor Lease with xAd as Latest Tenant
Mobile advertising company xAD has signed a 10-year lease for 43,849 square feet at One World Trade Center, one week after New York City’s newest skyscraper added a gaming company to its growing TAMI roster.
INTERNATIONAL: Safra Shells Out $1B for The Gherkin in London
The Safra Group, an international network of companies led by Brazilian billionaire Joseph Safra has bought 30 St. Mary Axe in London, also known as The Gherkin due to its unusual shape.
Brookfield Completes Platform for $4.5B Manhattan West Project
Brookfield’s $4.5 billion Manhattan West mixed-use project on New York City’s Far West Side took a major step forward Tuesday with the completion of the concrete platform over the rail yards that lead to Penn Station.
Salesforce Purchases San Francisco’s 50 Fremont St. from TIAA-CREF
The tech company that, just a few months ago, signed the largest office lease in San Francisco history has now agreed to what reportedly is the largest occupier deal in the city’s history.
INTERNATIONAL: Omniyat Breaks Ground on $680M Luxury Residential Tower in Dubai
Omniyat Group has broken ground on a 25-story residential megaproject in Dubai.