New York
Dermot and PGGM Snap Up FiDi Luxury Tower for Reported $370M
The Dermot Company and Dutch pension fund service provider PGGM have acquired 20 Exchange Place, a 767-unit, 57-story luxury apartment building located… Read more
Daiwa Capital Markets Signs Full-Floor Lease in Relocation from Financial District
Daiwa Capital Markets America Inc. (DCMA) has signed a 20-year lease for 44,100 square feet spanning the 49th floor of Mitsui Fudosan America’s… Read more
Banks See More Office Loans at Risk of Default
Bank data from the first quarter of 2024 show the percentage of criticized loans — meaning those at greater risk… Read more
Trio of Leases Brings 250 W. 55th St. to Full Occupancy
CBRE completed three office leases totaling approximately 30,000 square feet at 250 W. 55th St., a Class A office tower in Midtown Manhattan owned… Read more
SL Green Extends Mortgage on Daily News Building to 2027
SL Green Realty Corp. said Tuesday that, together with its joint venture partner, it has closed on a modification and… Read more
Willkie Farr Recommits to Midtown with 315K-SF Renewal
(Updated with additional information) Law firm Willkie Farr & Gallagher LLP has signed a 20-year lease to remain in its… Read more
Calling for More Nominations in Connect CRE’s 2024 Women in Real Estate Awards
Nominations are open for Connect CRE’s 2024 Women in Real Estate Awards, and although response to our eighth annual program has been… Read more
Temple U Student Housing Scores $285M Refi
Walker & Dunlop, Inc. has closed a $285,500,000 refinancing for Vantage and The View at Montgomery in Philadelphia. The two student… Read more
IPA Arranges $50M Refi on Newly Renovated SoHo Mixed-Use
IPA Capital Markets, a division of Marcus & Millichap specializing in capital markets services for major private and institutional clients, closed the $50-million refinancing… Read more
Tishman Speyer Sells Downtown D.C. Office Building for $140M
New York-based real estate giant Tishman Speyer has sold 2000 K Street NW, a downtown D.C. office property, to Spear Street Capital for $140.2 million.… Read more
Host Hotels Pays $265M for 1 Hotel Central Park
An affiliate of Host Hotels & Resorts Inc. has acquired 1 Hotel Central Park in Midtown Manhattan for $265 million,… Read more
Commercial Real Estate is . . . People
When seeking out the best commercial real estate opportunities, investors examine many factors. These include pro formas, supply, market and… Read more
Residential Rents Post 11th Consecutive Monthly Decline
Rents for residential units fell again in June, with especially large declines in the South, where there’s been an influx… Read more
Charles Schwab Recommits to 1133 Ave. of the Americas for 11 Years
Charles Schwab & Co. has renewed its lease for 23,000 square feet on the 37th floor of The Durst Organization’s 1133 Ave. of the Americas for an… Read more
Luxury Clothier L’AGENCE Relocates on Upper East Side
Lee & Associates NYC represented 925 Madison Avenue Inc. in a new 10-year lease with luxury clothing brand L’AGENCE at… Read more