New York
Buzzfeed to Cheddar: “CNBC” for Gen-Y Ramps Up
Former Buzzfeed President Jon Steinberg has created a new start-up aimed at providing millennials with short video content focused on… Read more
Nordstrom Shares Tank, Still Maintain “Buy” Rating
While Nordstrom took a hard hit this week, with shares reportedly plummeting more than 10-percent, analysts still maintain a “buy”… Read more
Hunt Refis Panorama City Multifamily Property
Hunt Mortgage Group, a New York-based CRE financing firm, has provided a $5-million Freddie Mac small balance loan to refinance… Read more
Master Builder John Tishman Dies at 90
John L. Tishman, who is known for building the John Hancock Center in Chicago and the World Trade Center Towers… Read more
$571M Hotel Portfolio to be Acquired by JV
Hersha Hospitality Trust of Philadelphia has struck an agreement with Cindat Capital Management Ltd., forming a joint venture to acquire… Read more
Billionaire Adds to Manhattan Holdings with $59M Buy
Israeli-Russian billionaire Boris Kuzinez has acquired the 12-story office building 260 5th Ave. in Manhattan, from Renaissance Properties for $59… Read more
CBRE’s Sulentic Predicts Opposite CRE Future Than Zell
CBRE’s CEO Bob Sulentic spoke with Fox Business about the company’s stellar 4Q performance and his overall premonitions for CRE… Read more
“Super Prime” Condo Transforms City’s Center
Pacific Gate, a 41-story condominium building under construction in downtown San Diego, is set to elevate the market to new… Read more
CMBS Delinquency Rate Driven Down by Resolutions
Tripp reports that U.S. CMBS delinquencies plummeted in January, due mainly to the resolution of Stuyvesant Town/Peter Cooper Village’s $3-billion… Read more
Blackstone Reports Strong Results
Blackstone (NYSE:BX) has reportedly deployed a record $32-billion into new investments in 2015. Boasting a massive pool of $80-billion in… Read more
NYC’s Finance Department Takes 175,000 SF at Former Verizon Building
New York City’s Department of Finance has reportedly struck an agreement with Sabey Data Centers to lease 175,000 sf at… Read more
Yerba Buena Cultural District Getting $500M Condo Tower
Millennium Partners has reportedly filed permits to build a $500-million, 45-story mixed-use condo tower and four-story Mexican Museum at 706… Read more
GE Strategically Relocates Global HQ To Boston
General Electric Co. is moving its global headquarters to Boston, from Fairfield, CT and New York City, where the company says… Read more
JLL Reit Shells Out $1.3B for 13.7% Stake
JLL Income Property Trust has acquired a 13.7% stake in a 15-building retail portfolio owned by Forest City Enterprises and… Read more
First Allied Plaza Bought As Part of $753M Deal
First Allied Plaza, an office tower located at 655 W. Broadway in downtown San Diego, has traded hands as part of… Read more
Dropbox Inks Relocation Deal at 340,000-SF 50 W. 23rd
Cloud computing and storage company Dropbox has signed a five-year lease for 31,270 sf at 50 W. 23rd St. in… Read more
Google Takes Down 250,000 SF at Pier 57
Google Inc. has inked a deal to be the anchor tenant at Manhattan’s Pier 57, a 480,000-sf, mixed-use development in… Read more