New York
Transforming Union Station into an Urban Destination
The Metropolitan Transportation Authority is planning a multimillion-dollar restoration of LA’s 77-year-old Union Station. The transformation of the iconic landmark involves… Read more
Starbucks’ Seattle Store Won’t Be the Biggest in the World Anymore
By: Daniella Soloway Whether you call it grande, venti or trenta, Starbucks is going big, and it’s not at home. Seattle-based Starbucks… Read more
WeWork Launches Co-Living Venture WeLive
WeWork is introducing WeLive, a new model featuring flexible living spaces that come with furniture, bedding and kitchenware, plus an… Read more
CA Passes $15 Minimum Wage, NY Not Far Behind
By: Daniella Soloway California Governor Jerry Brown will sign a bill on Monday to raise the state’s minimum wage to… Read more
NYC’s Hunt Provides $35M MF Loans in Florida
Hunt Mortgage Group, headquartered in New York City, has provided loans totaling $35.3 million for Florida multifamily properties. Four of… Read more
Gramercy Property Reaps $145M With Office Campus Sale
Gramercy Property Trust (GPT) has sold Pacific Corporate Park, a four-building office campus in Sterling, VA, for $145.5 million. The… Read more
260-Unit Residential Project Approved for Fred Segal Site
A new mixed-use urban environment is set to arise on the Fred Segal site at 500 Broadway in Santa Monica.… Read more
CONNECT RETAIL: Nordstrom Targets Millennials With Festival Pop Ups
Connect Retail is our weekly column on the sector, authored by veteran CRE writer Ian Ritter. If there are any… Read more
Investcorp Spends $114M on Two MF Assets
Investcorp’s U.S.-based real estate arm acquired multifamily properties in Minnesota in two separate deals. The New York City-based Investcorp and… Read more
Blackstone Selling 1140 Avenue of the Americas
American Realty Capital New York City REIT (NYCR) has struck an agreement with Blackstone Real Estate Partners to acquire the… Read more
Bluerock Pays $54M for FL Multifamily
Bluerock Residential Growth REIT Inc., headquartered in New York City, acquired the 340-unit Alexan Henderson Beach Apartments from Trammell Crow… Read more
Partnership Snags NYC Land for $64M
A partnership consisting of Chance Gordey and Steve Mills acquired 1179 Second Ave., an L-shaped lot wrapping around the corner… Read more
Financing Found for Columbus MF
Hunt Mortgage Group, based in New York City, provided a $40 million Freddie Mac loan to finance the 301-unit Highpoint… Read more
Safanad Closes on $128M Assisted Living Buy
Safanad and partner Formation Capital have closed on their acquisition of nine assisted living facilities (ALF) in South Carolina. The… Read more
Chicago Post Office Under Contract – Again
The saga of Chicago’s abandoned Old Main post office continues. The property’s British owner, developer Bill Davies, has announced a… Read more
Seaport District Deal Closes for $390M
The $390 million commercial real estate transaction between Howard Hughes Corp. and Beijing-based China Oceanwide Holdings has closed. The real… Read more
Hampton Inn Sale Sets $58M Record
MR Hotels LLC has sold the 154-room Hampton Inn & Suites Nashville-Downtown to LCP Group LP of New York and… Read more