SL Green is selling a SoHo building for more than $225 million, the latest deal in the company’s $2.5 billion selloff plan. The REIT led by Marc Holliday struck a deal to sell 110 Greene Street to the Natora Group for $226 million, SL Green announced Wednesday.  Natora Group is buying the retail-and-office buildings through a 1031 exchange with proceeds from the sale of industrial buildings to the Blackstone Group, according to a source familiar with the deal. The deal works out to more than $1,000 per square foot for the 13-story, 223,000-square-foot 100 Greene Street, where Spanish luxury fashion […]

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The round was led by Wellington Management, a firm known for investing in start-ups on the path toward potential initial public offerings.

The largest office leases within the five boroughs last month came from a variety of industries, with sizable deals struck by everything from tech firms to ad companies to banks. It was, however, a good month for renewals and expansions, with four of the top 10 leases being an existing tenant adding more space and more years to their lease — including the very largest of the bunch. Below are the city’s top office leases in August. 1) Havas Health | 200 Madison Avenue | Garment District | 254K sf The health and wellness communications network inked a new 15-year […]

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Voters and some Republican lawmakers are growing weary of President Trump’s trade battles and the economic fallout from fighting in the Middle East.

Sometimes, who is delivering a message matters just as much as the message itself.  A new group is trying to get New York City tenants to support the same message as their landlords. The group is called Unlock Our Housing NYC. In an initial video posted Tuesday, as well as on a fresh but slightly empty website, the new group focuses on the city’s 57,000 vacant rent-stabilized apartments. The video and press release are populated by tenants who express that, if those 57,000 apartments could be renovated and rented while staying rent-stabilized, well, wouldn’t that be nice?  There are no […]

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Tim Peterson transitions to CIO at White Oak Development after more than 20 years at Altman Living.

Suno has drawn copyright lawsuits from the majors. Now it is releasing a version of its A.I. music generator trained in partnership with Warner Music.

Prologis’ rise in real estate showcases strategy, innovation and key acquisitions.

Shorenstein acquires Sherry Lane Place, a key office tower in Dallas’ Preston Center.

The state is considering extending the life of its last nuclear power plant, Diablo Canyon, and allowing construction of new reactors to help meet its clean energy goals.