JBG Smith is looking to offload a 432-unit Union Market apartment building it purchased less than four years ago — potentially at a significant discount.
On the heels of the announcement that a prime Midtown property once envisioned as a skyscraper is now set to be turned into a park, stakeholders in Downtown Atlanta are working to create more public gathering spaces in an effort to turn around the area’s perception.
An alternative investment firm focused on investments in professional sports teams is pushing into commercial real estate — a growing focus for the multibillion-dollar franchises.
Arctos Partners hired Ira Shaw, Gina Spiegel, Greg Lombardi and Robert DiGiovine from Crow Holdings, the real estate firm run by the family of legendary developer Trammell Crow, the company announced Thursday.
The team will launch Arctos Keystone Real Assets out of a new Boston office with plans to invest in a variety of property sectors, including rental housing and data centers, as the real estate industry experiences a “period of dislocation and reorganization,” Arctos co-founder Ian Charles told…
On just five blocks of Madison Avenue, a multibillion-dollar development battle is brewing.
Within a matter of months, Extell Development and Related Cos. have set in motion plans for ultra-luxury skyscrapers on the eastern corners of 60th and 59th streets. The developers are known to be aggressive, being responsible for shaping Billionaires’ Row and Hudson Yards, but their investments are just the start of the area’s rebirth.
“The Plaza District in general is in the midst of a $15B to $20B makeover when you total up all of the projects that are either recently completed, under development or proposed,” Eastdil Secured Managing Director Will Silverman said. “I think people have not…
New York-based Related Cos. launched a data center business that the developer says already has a $45B near-term development pipeline.
As quickly as the specter of a reprieve from Measure ULA arose, it has receded.
Sources tell Bisnow that Mayor Karen Bass has, in private conversations and at private events, said that she has abandoned efforts to find a way to pause Measure ULA as part of the rebuilding effort following January’s historic fires.
Middle Street Partners is trying to stand out amid a deluge of developers of new apartments fighting for renters in Atlanta.
As the federal government’s massive portfolio of owned and leased office space has been thrown into uncertainty, Massachusetts has a series of major properties that could be at risk.
The state has 115 federal office leases totaling 1.7M SF in privately owned buildings and another 4.3M SF of federally owned buildings, according to Bisnow’s analysis of General Services Administration data.
Many of the leases are small, but 43 of them are more than 10K SF and 17 are over 20K SF. The largest lease is the FBI’s 220K SF Boston field office.
The data center industry has embraced natural gas as a near-term solution to its power shortage, but a supply chain bottleneck for gas turbines could throw a wrench in the gears.
A 442K SF, 19-story office building in Houston’s Galleria area may be foreclosed upon following the loss of its only tenant, oil, gas and chemicals company Bechtel Energy.