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  • Final Deal Inked for $1.6B Penn Station Addition

    The project’s centerpiece will be the conversion of the century-old James A. Farley mail sorting room in Midtown Manhattan into the 255,000-square-foot Moynihan Train Hall.

    20 June 2017 09:10
  • Economy Watch: Cost of Rent a Challenge Across Generations

    Of the Millennials and Baby Boomers who rent, 46.5 percent and 49 percent, respectively, spend more than 30 percent of their income on housing costs, according to a new report by ABODO.

    22 August 2017 15:36
  • CIM Group Snags Boston Office Property

    The company has partnered with longtime owner and manager Nordblom to acquire 1000 Washington St., a 242,000-square-foot building and adjacent parking garage in the city’s South End.

    20 September 2017 13:05
  • RKF Leases 6 KSF at 1515 Broadway in Times Square

    The 1515 Broadway office tower is leased to major employers such as media giant Viacom, PlayStattion Theater, Minskoff Theater, and KIKO MILANO and LINE FRIENDS who recently leased 1,542 square feet and respectively 4,629 square feet of space.

    17 August 2017 04:45
  • Appetite for Restaurants Stays Healthy, Despite Volatility

    Notwithstanding some hiccups, like declining revenue in the fast-food sector, the market for net-leased eateries has never been stronger, Matthew Berres and Scott Bailey of JLL explain.

    28 August 2017 08:33
  • Virtua to Develop SpringHill Suites Hotel in Avondale

    A Virtua Partners-sponsored hotel will break ground this November, with entitlements currently being processed though the City of Avondale. The 130-key room property is part of a 58-acre mixed-use project.

    06 April 2017 14:18
  • San Diego Industrial Asset Trades for $19M

    The 205,800-square-foot facility located within the Foreign Trade Zone in Otay Mesa is fully leased to three tenants.

    06 June 2017 16:19
  • Marcus & Millichap Secures DC Mixed-Use Asset

    The Transit Employees Federal Credit Union sold the 4,374-square-foot mixed-use facility located in Washington, D.C. The property features a sublevel and mezzanine space for retail, office or multifamily conversions.

    24 May 2017 15:03
  • Elevated Equity REIT Bank Borrowing Bears Close Watch

    While not a new phenomenon, U.S. equity REITs' exposure could constrain corporate credit quality in some cases if bank borrowing continues at this elevated level, warns Fitch Ratings Head of U.S. REITs Steven Marks.

    19 July 2017 17:24
  • SL Green, RXR to Buy Stake in NYC’s Worldwide Plaza

    The joint venture will become co-owner of the 2 million-square-foot mixed-use property with the acquisition of a 48.7 percent interest from New York REIT. The deal values the trophy asset at more than $1.7 billion.

    18 September 2017 09:33