New York REIT Inc.
Brookfield Sells Manhattan Building at $100M Discount
The property’s new owner is a longtime New York City electronics retailer.
Woodstock Buys Out Partner in $88M San Francisco Deal
TPG Capital provided a loan for the acquisition of the remaining stake.
SL Green Inks Lease at Worldwide Plaza
The management and tech consulting firm will occupy an entire floor in the 49-story skyscraper under a 10-year agreement with the landlord.
Avison Young Leases 45 KSF at Manhattan Office Tower
Principal Todd Korren, Senior Director Brooks Hauf and Associate Peter Johnson represented the building’s owner in the lease transactions.
Columbia Property Trust Brings Manhattan Office Asset to Full Occupancy
Drive Shack signed for the last available floor of the 165,586-square-foot building. The current owner acquired the property in 2017, as part of a portfolio deal.
Manhattan’s Top 10 Office Deals of 2017
Although the first and last quarters of 2017 saw a decline in sales volume, the borough remains one of the priciest and most sought-after markets in the world.
Liquidation of New York REIT Accelerates
In a $520 million deal, the company sold 1440 Broadway, a LEED Gold-certified office building in Manhattan, to CIM Group. The transaction is accompanied by plans to sell three more buildings, soon after the announcement of yet another disposition, as the company winds down.
Regional Mall REITs Trade at Largest Discount to NAV
Retail REITs continue to be challenged, with the regional mall sector and shopping center sector trading at discounts of 30.7 percent and 15.2 percent, respectively, according to S&P Global Market Intelligence data.
New York REIT to Sell NYC Office Tower for $255M
The agreement to sell the 345,000-square-foot building at 333 W. 34th St. to Brookfield marks yet another step forward in the REIT’s plan of liquidation.
Investcorp Makes $156M Manhattan Office Buy
The firm joined forces with Brickman to acquire two assets totaling 267,000 square feet. The Midtown Manhattan properties are fully occupied by more than 20 long-term tenants.