BXP Inc has sold a 106% equity stake in the roughly 930,000-square-foot office building it’s constructing at 343 Madison Ave next to the Grand Central Terminal in Midtown Manhattan to AVRS Partners of New York The Boston REIT hasn’t yet...
Commercial Observer Brex has leased 93,779 square feet of office space at 200 Varick St in Manhattan’s Hudson Square neighborhood The San Francisco financial technology company is expected to relocate from another Manhattan office GFP Real...
Commercial Observer Seward & Kissel has renewed its 171,112-square-foot office lease at One Battery Park Plaza in Lower Manhattan The New York law firm, which has occupied space at the property since 2011, leases floors 19 through 24 A venture...
Commercial Observer Sony Group is in talks to anchor the proposed 126 million-square-foot 99 Hudson Blvd property that Tishman Speyer is planning for Manhattan’s Hudson Yards area The electronics company currently occupies 578,791 sf at the...
New York Business Journal An affiliate of Palette Hotels has paid $72 million, or $203,966/room, for the 353-room DoubleTree by Hilton New York LaGuardia Airport Hotel in the East Elmhurst neighborhood of Queens, NY The Manhattan hotel management...
New York Business Journal Sabet Group has paid $325 million, or $485,075/unit, for a portfolio of three apartment buildings with a total of 67 units in Manhattan’s Turtle Bay neighborhood The New York real estate firm acquired the portfolio...
New York Business Journal Morgan, Lewis & Bockius has leased 205,000 square feet of office space at 1251 Avenue of the Americas in Midtown Manhattan The Philadelphia law firm is relocating from 101 Park Ave, also in Manhattan, where it had...
Boston Business Journal Tourbineau Real Estate Partners has paid $25 million, or $29070/sf, for an 86,000-square-foot office building at 955 Massachusetts Ave in Cambridge, Mass The Seattle real estate firm purchased the property from...
Commercial Real Estate Direct Staff Report The 441,523-square-foot office building at 3000 Post Oak Boulevard in Houston’s Galleria area has been sold in a deal that resulted in $648 million of losses to the three CMBS trusts that held an $80...
Commercial Real Estate Direct Staff Report The three CMBS trusts that hold an $8326 million mortgage against three Simon Property Group retail outlet centers have taken title to the properties The three are the 359,877-square-foot Gaffney Outlet...
Commercial Real Estate Direct is the only source -- in print or otherwise -- that keeps close tabs on the entire real estate capital markets industry. It provides up-to-date market intelligence on the mortgage business, equity raising, investment sales and CMBS.
