Deals & Dealmakers
Net-lease sector sees high demand
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U.S. net-lease investment is outpacing the broader commercial real estate market in 2019, with increasing demand from both foreign and domestic investors
Debt & Equity
Beacon Capital recaps 575 Fifth with $309M loan
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Beacon Capital Partners has refinanced its share of 575 Fifth Avenue with a $309 million loan. TPG Real Estate Finance has provided the finance against
Debt & Equity
Blackstone funds $692M loan to Extell
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The Blackstone Group has funded a $692 million loan secured by unsold units at Extell Developmentʼs 815-unit One Manhattan Square. The company confirmed
Featured
Owners in fresh call for Soho fix
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A coalition that includes property owners said this week that the rezoning of Soho is vital to removing red tape that keeps retailers out of the neighborhood.
Deals & Dealmakers
REIT’s billion dollar NYC spending plan
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By Konrad Putzier MIKE HAPPEL Days after paying $500 million for a Broadway office tower, American Realty Capital said it has $1 billion more where that came from.
Deals & Dealmakers
Skanska to build Atlantic Yards ‘modules’ for Ratner
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Early Atlantic Yards rendering Skanska USA and Forest City Ratner Companies (FCRC) today announced that B2, the first residential tower that is part of
Debt & Equity
Record number of tenants struggling to pay their rent
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Due to the combination of stagnant income and rising rental rates, more and more people are struggling to pay for housing. According to a report from the
Construction & Design
CODE BREAKERS: DOB takes action on rash of safety violations
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The New York City Department of Buildings released its July 2019 enforcement bulletin, which provides highlights of the agency’s actions to sanction and
Deals & Dealmakers
Durst closes $1.6B loan for One Bryant Park
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Bank of America — the tower’s main tenant — led the securitization. The Durst Organization and Bank of America announced the closing of a $1.
Construction & Design
Highrise heroes taking facade inspections to new heights
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Out of roughly one million buildings in New York City, 14,500 are over six stories. Thanks to a local law enacted in 1980 after a passerby was killed by
Construction & Design
Opioid epidemic impacting construction sector
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The nationʼs opioid epidemic is contributing to a growing shortage of skilled construction workers. According to a new survey from the Associated General
Deals & Dealmakers
Knotel in growth mode with $400M purse
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Knotel, the flexible workspace provider, has completed a $400 million financing, led by Wafra, an investment arm of the Sovereign Wealth Fund of Kuwait.