Subject: Property Management (MGMT)

Bisnow Management of the 2 million-square-foot Worldwide Plaza office property in Manhattan has been transferred to Cushman & Wakefield from SL Green Realty Corp. The property, which was placed in the hands of receiver Hilco Global in March, serves as ...

Brookfield Properties, which in 2018 acquired mall owner GGP Inc. and folded its 125 mall properties into its own portfolio, has revived the GGP name. The company created GGP Retail LLC, which will be headquartered in Chicago, and placed its ...

Operating budgets for high-rise apartment properties have increased by 3 percent to 20 percent over the past year, according to an in-depth study by FirstService Residential. Higher insurance costs were one contributor, but not the only one.

Crain's New York Business The 368-room Four Seasons New York Hotel at 57 East 57th St., which has been shuttered since March 2020, is set to reopen this fall. But it'll be smaller, as 50 of its rooms are set ...

Paramount Group might be considering giving its lenders two San Francisco office properties that are struggling with their indebtedness. The New York REIT, which owns offices in New York and San Francisco, has classified as non-core the two-building Market Center ...

Commercial Real Estate Direct Staff Report Apartment operating expenses in January had increased by 7.1 percent from a year ago, according to Yardi Matrix. The Santa Barbara, Calif., software and data company said the increase, to $8,950/unit annually from $8,357/unit ...

The Real Deal Macy's is planning to close its 400,000-square-foot store at 170 O'Farrell St in San Francisco. The retailer is planning to keep the store open unit someone agrees to buy the property, which opened in 1947. Macy's last ...

Crain's New York Business The Four Seasons Hotel in the Midtown section of Manhattan is expected to reopen in the fall of 2024 after shutting its doors in March 2020 as a result of the Covid-19 lockdowns. The 368-room hotel, ...

The 1.76 million-square-foot office property at 1500 Market St. in downtown, or Center City, Philadelphia has been placed in receivership with CBRE. The receivership was first reported by BisNow. The property, formerly known as Centre Square, is encumbered by a ...

LuxUrban Hotels has taken over the operations of the 79-room Hotel 46 Times Square and 213-room Hotel at Times Square. The Miami company has signed a 35-year master lease to operate the two, which have been shuttered. Hotel 46, at ...