New York
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
Chinese Buyer Pays $66M for Queens, NY Acreage
Xinyuan Real Estate Co. Ltd. acquired a parcel of land at 135-35 Northern Blvd. in Flushing, Queens, NY. The Chinese… Read more
Renovations Commence to Convert Upstate NY Office into MXU
The Rosenblum Cos. has launched renovation on a former location of a building that was the location of the Troy Record newspaper.… Read more
Castle Lanterra Nabs 220 MF Units in Corpus Christi
Suffern, NY-headquartered Castle Lanterra Properties struck a deal with Cottonwood Residential of Utah to acquire the 220-unit San Marin Apartments… Read more
84% of U.S. Jobs Can’t Keep Up with the Cost of Living
According to a new analysis by Indeed.com’s research group, Hiring Lab, only 16% of jobs paid enough to keep up… Read more
TMG, Fortress Divest Final Champion Station Assets for $122M
San Francisco-based TMG Partners and New York-based Fortress Investment Group sold its remaining three properties at Champion Station in North… Read more
Is Free Rent Signaling a Multifamily Market Peak?
In a sign that the San Francisco market has peaked, offers of free rent are cropping up in landlords’ efforts… Read more
Hudson Yards Developers Obtain $1.2B Loan for MXU Tower
Partner developers Related Cos. and Oxford Properties Group secured $1.2 billion in financing from Children’s Investment Fund to build a… Read more
Under Armour Takes Former FAO Schwarz Locale
Under Armour Inc. has taken down 53,000 square feet at Boston Properties Inc.’s General Motors Building at Fifth Avenue and… Read more
Treasury Expands Shell Company All-Cash Deal Program to CA
The U.S. Treasury Department is expanding a program to California deemed successful in Manhattan and Miami that tracks real estate purchases by shell companies.… Read more
Chinese CRE Investment Overseas Hits $17B in First Half of 2016
Chinese outbound property investment reached $17 billion during the first five months of 2016, according to a report released by… Read more
As Death-Rate Drops, Funeral Homes Sell to Developers
During the past two decades, hundreds of funeral homes across New York City have closed down. People are living longer… Read more