David Simon Passes Away After Battle with Cancer
March 23, 2026
CREFC’s Lisa Pendergast Retiring in August
March 20, 2026
Brookfield Revives GGP Name for Malls
January 7, 2026
Bloomberg Name: CGCMT 2015-GC35
Elliott to Partner with RXR on $1.1Bln Purchase of Manhattan’s 590 Madison Ave.
The Promote Elliott Investment Management has partnered with RXR Realty Corp. for its roughly $1.1 billion, or $1,000/sf, purchase of the 1.1 million-square-foot office building at 590 Madison Ave. in midtown Manhattan. The venture is buying the 41-story building from State ...
Apollo in Talks to Lease 100,000 SF at Manhattan’s 590 Madison Ave.
Commercial Observer Apollo Global Management is in talks to lease nearly 100,000 square feet at the 1.1 million-sf 590 Madison Ave. office building in midtown Manhattan. The company will vacate the 71,291 sf it occupies at the 1.2 million-sf 3 ...
Pension Fund Puts Manhattan’s 590 Madison Office on Sales Block
Bloomberg The State Teachers Retirement System of Ohio has hired Eastdil Secured to market for sale the 1.1 million-square-foot office building at 590 Madison Ave. in midtown Manhattan. The pension system had tried its hand at a sale six years ...
Chicago’s Illinois Center Hit with Foreclosure Suit
Crain’s Chicago Business The special servicer handling the $241.55 million mortgage against the 2.1 million-square-foot Illinois Center in Chicago has filed to foreclose against it. The loan is split into three pieces, with $92.9 million pieces in GS Mortgage Securities ...
LVMH Leases 150,000 SF at Manhattan’s 590 Madison Ave.
The Real Deal Louis Vuitton Moet Hennessy has signed a lease for 150,000 square feet at 590 Madison Ave., a 1.1 million-square-foot office building in Manhattan. The luxury brand conglomerate could eventually occupy some of the building's retail space as ...
Jersey City, N.J., Hotel Sells for $61.5Mln, CMBS Loan Gets Assumed
Commercial Real Estate Direct Staff Report The 198-room Doubletree Jersey City hotel in Jersey City, N.J., has been acquired by Capital Insight for $61.5 million, or $310,606/room, in a deal that involved its assumption of a long-troubled $60 million CMBS ...
Occupancy Issues at Illinois Center Prompt $243.88Mln CMBS Loan’s Move to Special Servicing
Commercial Real Estate Direct Staff Report Illinois Center, a two-building office complex with 2.1 million square feet in Chicago's East Loop submarket that long has struggled with occupancy, last month missed a debt-service payment on its $243.88 million mortgage. That ...
Manhattan Office Building Sees Appraised Value Slashed by 83 Percent
Commercial Real Estate Direct Staff Report The 382,256-square-foot office property at 750 Lexington Ave. in midtown Manhattan was appraised at a value of $50 million. That's 83 percent lower than the $300 million value pegged to the building in 2015, ...
Big Office Leases Result in Positive Absorption in Chicago’s CBD in 2Q
Chicago's central business district office market had 177,609 square feet of positive absorption during the second quarter, according to Transwestern. That marked the first quarter that absorption was positive since the last quarter of 2021. But the market remains stressed, ...
Colony Northstar Signs Lease for 40,000 SF at 590 Madison
Colony Northstar Inc. has signed a lease for 40,000 square feet, encompassing the entire 34th floor and part of the 33rd floor at 590 Madison Ave., a 1 million-sf office building in midtown Manhattan owned by Edward J. Minskoff Equities. ...
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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.
