The Real Deal Law firm Baker McKenzie has expanded its footprint at 10 Bryant Park in Midtown Manhattan by 16,000 square feet to 122,000 sf, giving it just more than 14% of the 865,000-square-foot office building’s total space The law firm was...
New York Daily News New York State’s Assembly is planning an additional 1% tax on homes purchased for $1 million or more in cash in New York City The surcharge would apply only to homes sold in New York City and is designed to help balance the...
Commercial Real Estate Direct Staff Report The Vornado Realty Trust venture that owns the 194,000-square-foot office building at 61 Ninth Ave in Manhattan’s Chelsea neighborhood has lined up a $161 million mortgage from UBS Vornado owns the...
Denver Business Journal A venture of Wood Partners and EIG EuroInvestor has broken ground on Alta Longmont, a 252-unit apartment property in Longmont, Colo Wood, of Atlanta, and EIG, of Germany, are developing the apartments at 251 East Rogers Road,...
Dwight Capital has originated a $130 million loan under the US Department of Housing and Urban Development’s 223(f) program against the 358-unit Gardens Residences in downtown North Miami The loan allowed the property’s developer, Omega...
Boston Business Journal Boylston Properties has paid $46 million, or $29299/sf, for a 157,000‑square‑foot office property at 30‑44 Washington St in Wellesley, Mass The Boston company purchased the five‑building complex from the Haynes...
PCCP has provided $130 million of senior financing for the construction of a 304-unit apartment property and adjoining 47,892-square-foot grocery store in the Mott Haven area of the Bronx, NY The property, dubbed The 360, is being developed at 350...
Commercial Real Estate Direct Staff Report The Heinz 57 Center office and retail building in downtown Pittsburgh has been reappraised at a value of only $198 million The 14-story building was constructed in 1913 at 339-357 6th Ave as a Kaufmann...
Commercial Real Estate Direct Staff Report The Macerich Co venture that owns the Deptford Mall in the southern New Jersey township of Deptford paid off the property’s $13174 million mortgage when it matured last month The loan, securitized...
Commercial Real Estate Direct Staff Report The data-center sector’s rapid growth is colliding with mounting challenges around power, community opposition, concentration, and underwriting risk That appeared to be the consensus among panelists...
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