Morgan Stanley
Empire State Realty Trust President Steps Down
Current CEO & Chairman Anthony Malkin, the grandson of the company’s founder, will replace John Kessler.
Los Angeles Office Complex Lands $550M Loan
The deal marks one of the first big CMBS transactions since the COVID-19 crisis stalled most of the financial markets.
Major Manhattan Trophy Asset Lands Financing
Morgan Stanley and New York Community Bank provided the new loan for RXR Realty’s property, adding to $810 million in existing debt.
Paramount Group to Sell Stake in $2.4B NYC High-Rise
The REIT will welcome a joint venture partner at 1633 Broadway with the trade of a 10 percent ownership interest in the Midtown Manhattan trophy tower.
Blackstone Makes $4.6B Deal in Las Vegas
The private equity giant’s REIT formed a joint venture with MGM Growth Properties to acquire the MGM Grand and Mandalay Bay.
Harbor Group Closes on $372M Jersey City Office Buy
The LeFrak Organization sold the 861,000-square-foot waterfront asset, with Morgan Stanley leading the $251 million acquisition financing.
American Real Estate Partners Breaks Ground in Philadelphia Suburb
Developed in partnership with Oliver Tyrone Pulver Corp. and Partners Group, the 14-story office property is slated to come online late next year.
Industrial Logistics Properties Scoops Up $350M in Financing
The fixed-rate mortgage is secured by 11 industrial properties totaling about 8 million square feet.
Kennedy Wilson Lands $300M Equity Investment
The strategic move is in the form of a perpetual preferred equity investment in the company by affiliates of Eldridge Industries.
Columbia Property Trust Buys Normandy Real Estate in Cash, Stock Deal
The $100 million deal further expands Columbia’s presence in New York, Washington, D.C., and Boston, where more than half of the REIT’s portfolio is located.