Mr. Musk has ambitions to remake education, but his latest effort to open an elementary school in Texas appears to have faltered.
In Manhattan and across the country, restaurants are trotting out ever-pricier dishes and luxury upgrades to meet the demand from affluent diners.
Meg O’Neill of Australia’s Woodside Energy will lead the London energy giant, replacing Murray Auchincloss, who will exit after less than two years in the role.
Beijing is using its messaging tools to show off its prowess at building infrastructure and project power, taking advantage of what it says is “deep anxiety” in U.S. policies.
Brookfield is listing another Downtown property, but this time, it’s a well-occupied retail center instead of a distressed office building.
JLL is marketing Brookfield’s FIGat7th, according to The Real Deal, which viewed an offering memorandum for the property.
The 330K SF shopping center at 735 S. Figueroa St. boasts higher occupancy than some of the office towers Brookfield has jettisoned in the last few years. The outdoor retail center counts Target, Sephora and Zara as anchor tenants. It is nearly 86% occupied.
Brookfield previously fought to hold on to the property. In 2023, it secured a three-year extension on the $58.5M outstanding on a loan MetLife originated in 2018. The exact maturity date is…
Israel’s granting of an export permit is the final step to allow the deal, first announced by energy companies in August, to proceed.
Zeckendorf Development and Atlas Capital Group inked a $129 million deal at their buzzy 80 Clarkson development, The Real Deal has learned. A buyer signed a contract to purchase multiple units at the 112-unit ultra-luxury project, according to multiple sources. If it closes at that price, the sale would far surpass the record for the most expensive deal in Downtown Manhattan. A double-wide townhouse in Greenwich Village claimed that title last year when it sold for $73 million. The deal also comes as wealthy buyers have pushed condo prices to new heights downtown. Earlier this year, financier Harsh Padia and […]
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EastGroup Properties promoted four employees to executive-level positions as part of the industrial REIT’s focus on long-term growth.
The company, based in Ridgeland, Mississippi, is promoting Reid Dunbar to president from his former role as head of its central region and Staci Tyler to chief financial officer from chief administrative officer and chief accounting officer.
Brent Wood, the company’s former chief financial officer, will fill the newly created role of chief operating officer. Michelle Rayner will take over as chief accounting officer.
Baltimore’s largest development is undergoing an ownership shake-up.
Kevin Plank’s Sagamore Ventures and Goldman Sachs, the longtime owners of the 235-acre Baltimore Peninsula, are handing over the undeveloped portion of the site to lender Bank OZK as their $66M loan comes due, the firms told Bisnow Wednesday.
The partnership is retaining ownership of the 1.1M SF of mixed-use development built on the site over the last several years, and it is bringing on one of the world’s largest real estate investors as the new asset manager: Hines.
Bromley Companies reeled in a refi for its Flatiron District office building, home to a roster of tech tenants. A joint venture between Helaba Bank and DekaBank provided the $163 million fixed-rate, interest-only loan for 122 Fifth Avenue, according to Walker & Dunlop. The fresh financing replaces a $170 million loan from real estate finance and investment management firm PCCP. A Walker & Dunlop team including Aaron Appel, Jonathan Schwartz and Keith Kurland arranged the loan on behalf of the landlord. The refinancing follows a $107 million capital improvement program that transformed the landmarked 278,000-square-foot property into a loft-style Class […]
This article originally appeared on The Real Deal. Click here to read the full story.