Commercial Real Estate Direct Staff Report Average monthly rents for apartment units across the country increased in the third quarter by 23% from a year ago, to $1,950, according to Cushman & Wakefield The increase was the largest...
The reported dissolution of law firm Weil, Gotshal & Manges will result in a nearly 25% vacancy at the iconic General Motors Building, opposite the Plaza Hotel and Grand Army Plaza in Midtown...
Commercial Real Estate Direct Staff Report Grove City Premium Outlets in the western Pennsylvania borough of Grove City has been reappraised at a value of $1193 million, down from $1498 million a year ago and $255 million in 2015, when a $140...
The Real Deal David Werner is said to be buying the 49% stake in the 103 million-square-foot 605 Third Ave office building in Midtown Manhattan from JPMorgan Asset Management, which offered the stake through Newmark The remaining stake in the...
The median loan-to-value ratio of mortgages against manufactured-housing properties that were securitized so far this year decreased to 582% from 596% for all of last year...
Just more than 10 million square feet of office space was leased in Manhattan during the third quarter, bringing the total for the year through September to 3286 million sf, according to Colliers...
New York Business Journal Harlem Children’s Zone has paid $342 million, or $743,478/unit, for The Armstrong, a 46-unit residential condominium property in Upper Manhattan The nonprofit acquired the building from an affiliate of Arena...
Atlanta Business Chronicle Alston & Bird has renewed its lease for about 295,000 square feet of office space at One Atlantic Center in Atlanta The local law firm is reducing its footprint from about 340,000 sf at the 11 million-sf building,...
Commercial Real Estate Direct Staff Report Despite two years of elevated rates, most lender types posted modest growth in outstanding balances during the second quarter Banks expanded at a steady pace, but the government-sponsored enterprises (GSEs)...
Crain’s Chicago Business Simpson Thacher & Bartlett has agreed to lease about 94,000 square feet of space at the 638,794-sf office building at 167 North Green St in Chicago’s Fulton Market neighborhood The New York law firm will...
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