CBRE Recognized for Transparency about Carbon, Energy
CDP has recognized CBRE Group for its perfect score in climate change transparency, marking the group’s highest score to date.
Manhattan Office Building Commands $115M
The Lower Manhattan building was considered one of the most modern in the area in its heyday in 1901, and a joint venture plans to restore its former glory.
Trading Spaces
The numbers are in and September registered some important commercial real estate deals. PropertyShark research shows the nine figure deals were based in Manhattan, outside of the Citibank Tower in Queens, but Brooklyn boasted some hot transactions as well. Here are NYC’s top 10 commercial real estate deals recorded in September 2015. #1 575-589 Lexington Avenue, Manhattan Sale Price: $510,000,000 Buyer: Angelo Gordon & Co Lp Seller: Normandy Real Estate Partners Midtown-based investment firm, Angelo Gordon & Co closed on 575 Lex, a 624,883 SF, 35 story office tower in late August. The building, built in 1958, offers 38…
Softer Suburbs?
National cap rate performance based on properties and portfolios of $2.5 million and greater
Rouse’s California Cravings Grow with $170M Asset
Rouse Properties has added the 1.1 million-square-foot Westfield Carlsbad to its portfolio and renamed it The Shoppes at Carlsbad.
LaSalle Hotel Properties Closes Sizeable Unsecured Term Loan
LaSalle Hotel Properties has closed on a senior unsecured term loan in the amount of $555 million.
Storing Up Value
REIT industry earnings multiple (SNL U.S. REIT Index Price/LTM FFO [x])
You must be logged in to post a comment.