The Real Deal Extell Development has acquired the development site at 405-417 Park Ave, between 54th and 55th streets, in Midtown Manhattan for $500 million The New York developer purchased the site from a venture between GDS Development and Swedish...
Washington Business Journal White & Case LLP has leased 196,000 square feet of office space at 1701 Pennsylvania Ave NW in Washington, DC The law firm is leasing its space from Grosvenor of London, which was represented in the lease by JLL...
New York Post Citadel Securities isn’t the only company rethinking its New York City expansion plans Apollo Global Management, which is planning a second headquarters, is eyeing Florida or Texas And it has said the bulk of its future hiring...
Commercial Real Estate Direct Staff Report Verizon Communications Inc, which last year signed for 203,000 square feet at the 162 million-square-foot Penn 2 office building in Midtown Manhattan, has decided against building out its space and instead...
Last month, $183 billion of CMBS loans transferred to special servicing, according to Trepp Inc That was the smallest volume of transfers since the end of last year But special servicers didn't keep pace in their workouts, as $12 billion of loans...
Atlanta Business Chronicle Infor is leasing 82,000 square feet of office space at Campus 244, a nearly 13-acre mixed-use development in the Atlanta suburb of Dunwoody, Ga The software provider, a subsidiary of Koch Inc, is relocating its...
Commercial Real Estate Direct Staff Report Lenders of all stripes are bullish They’ve got plenty of capital to lend and property owners have accepted the fact that interest rates will remain higher than what became the norm until late 2022 But...
Albany Business Review Centers Health Care Network has sold a portfolio of three nursing homes and rehabilitation centers with a total of 332 beds in the Albany, NY, area for $331 million The Bronx, NY, company sold the properties to Lakewood,...
Commercial Real Estate Direct Staff Report Weak demand for space from biotechnology companies helped contribute to a drop in the occupancy rate of Alexandria Real Estate Equities Inc’s portfolio to 877% in the first quarter from 917% a year...
The volume of CMBS loans that are classified as being delinquent declined in April by $815 million, or 178%, to $4502 billion Delinquency volumes have gyrated over the past 12 months, climbing in six months and declining in another...
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