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...
Commercial Real Estate Direct Staff Report Vornado Realty Trust’s plans to redevelop its 585,000-square-foot office building at 350 Park Ave in Midtown Manhattan into a 17 million-sf structure that would house Citadel Enterprises...
Commercial Real Estate Direct Staff Report The commercial real estate sector has become increasingly bifurcated Class-A properties, even offices, are doing quite well Others: not so much That was the meat of the discussion at the Bifurcation and...
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...
Washington Business Journal A venture of Hoffman & Associates, Snell Properties, and Mitsui Fudosan America Inc has lined up $195 million of construction financing to build 4600 Fairfax, a 420-unit apartment project in Arlington, Va The...
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...
A venture of Tejon Ranch Co and Dedeaux Properties is breaking ground soon on Tejon Ranch Commerce Center, a 510,385-square-foot industrial property in Lebec, Calif Tejon, of Tejon Ranch, Calif, and Dedeaux, of Santa Monica, Calif, are building the...
Commercial Real Estate Direct Staff Report Only 3,854 apartment units were delivered in Phoenix during the first quarter, marking the lowest quarterly volume in more than four years and a 20% drop from the fourth quarter, according to Cushman &...
Crain’s Chicago Business Spear Street Capital has agreed to pay about $40 million, or $27432/sf, for the 145,816-square-foot office property at 1201 West Lake St in Chicago’s Fulton Market neighborhood The San Francisco investment firm...
St Louis Business Journal Burns & McDonnell has agreed to lease 74,273 square feet of office space at 1245 JJ Kelley Memorial Drive in St Louis The engineering firm will be moving in at the beginning of 2027 Burns & McDonnell noted that it...
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