New York
Angelo, Gordon Acquires Wateridge Pointe for $28M
JLL’s Capital Markets completed the sale of Wateridge Pointe, a pair of two-story office properties totaling 123,675 square feet, on… Read more
A Monumental Opening for Westfield’s WTC Mall
Westfield Corp. opened the $1.5-billion Westfield World Trade Center this week, nearly 15 years after 9/11 wreaked havoc on New… Read more
NY-Based BRT Spends $40M on 271-Unit Atlanta MF
BRT Realty Trust, headquartered in Great Neck, NY, bought the 271-unit Pointe at Lenox Park, a multifamily property at 1900… Read more
McSam Hotel Group Obtains $215M Loan for NYC Doubletree Refi
The McSam Hotel Group, which is developing the 35-story Doubletree by Hilton Hotel in Manhattan, has snagged a $215-million refinance… Read more
Bluerock Ends 6-Year Hold, Unloads 413-Unit VA MF
Bluerock Residential Growth REIT Inc. ended its hold on the 413-unit Springhouse at Newport Apartments in Newport News, VA. The… Read more
Extell, SMI Join Forces on $3B MXU Central Park Tower
Luxury real estate developer Extell Development Co. is teaming with Shanghai Municipal Investment’s U.S. arm, SMI USA, to develop the… Read more
Brooklyn Jehovah’s Witness HQ Sells for $300M
CIM Group, Kushner Cos. and LIVWRK banded together to acquire the 739,000-square-foot Brooklyn headquarters of the Jehovah’s Witnesses. Watchtower Real… Read more
SL Green Sells 40% Stake In 2M-SF Eleven Madison Avenue
SL Green Realty Corp., New York City’s largest office landlord, sold a 40% interest in the 2.3-million-square-foot Eleven Madison Avenue to… Read more
Job Openings Increase, Layoffs Decrease
The U.S. Labor Department’s monthly Job Openings and Labor Turnover Survey (JOLTS) reported an increase in job openings in June.… Read more
Is the High-End Market Condo Market Slowing?
The high-end condo market, once a hot one in and around Manhattan, is showing signs of a slowdown. Prices for… Read more
RXR Realty to Build its First MF for $200M
RXR Realty, which owns large office buildings throughout New York City, has closed a deal to develop its first multifamily… Read more
Logan’s Roadhouse Files for Bankruptcy
Logan’s Roadhouse Inc., which owns and operates steakhouses throughout the United States, has filed for bankruptcy protection. As part of… Read more
Huntington Beach MXU Envisions Authentic Surf-Inspired Live/Work Environment
By Dennis Kaiser The Residences at Pacific City is quickly progressing towards its opening date in early 2017 in Huntington… Read more
Global Net Lease Strikes Acquisition Deal Valued at $3.3B
Global Net Lease Inc. has entered into a definitive agreement to acquire all outstanding stock of American Realty Capital Global… Read more
Mesa, AZ Back-Office Asset Flips Twice For $32M
Centrica, a redeveloped, 117,000-square-foot back office in Mesa, AZ, changed hands from a Phoenix developer, to a New York City… Read more
Austin’s Seaholm Commercial Space Under Contract to Clarion
Clarion Partners, headquartered in New York City, is under contract to buy all the commercial space in the mixed-use Seaholm… Read more
Irvine Company Acquires AMD Campus for $175M
Newport Beach, CA-based Irvine Company acquired the 32.5-acre Advanced Micro Devices HQ campus in Sunnyvale, CA from New York-based W.P.… Read more
Hines Sells Dallas Chase Tower for $285M
Houston-based Hines sold the 55-story Chase Tower in Dallas’ central business district to Fortis Property Group, headquartered in New York.… Read more
NY Developer Plans $450M DTLA Hotel
New York-based Lightstone Group submitted plans to build Fig+Pico, a $450-million, 1,100-room hotel in DTLA. A 40-story and 28-story tower… Read more