Denver now ranks sixth among the 25 largest U.S. metro areas for office CMBS delinquencies, according to new data from Trepp.
GCP Paper started construction this month on a 566K SF manufacturing facility in the northeast Houston suburb of New Caney, cementing the Mexican company’s U.S. presence in the area.
Sometimes it’s hard to be in real estate, giving all your money to just one mayoral candidate. Especially when that candidate loses. The real estate industry rallied behind former Gov. Andrew Cuomo, viewing him as the best chance of avoiding a democratic-socialist landing in Gracie Mansion. That turned out to be a miscalculation, as Assembly […]
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Zohran Mamdani’s win in New York City’s Democratic primary on Tuesday night sent shock waves through some top real estate players. Wednesday morning brought a selloff of shares for major real estate stocks with ties to New York City, according to CNBC, including real estate lender Flagstar Financial and office landlords SL Green and Vornado […]
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Gary Barnett and Joel Wiener may not be having drinks at their nearly-completed Diamond District Hotel anytime soon. Barnett’s Extell Development has filed a lawsuit against the Pinnacle Group CEO, claiming he and his wife Sherry are holding up the hotel’s liquor license “to extort unwarranted benefits for themselves.” The two, currently partners in a […]
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Brookfield Properties has scored a refinancing on a major project. JPMorgan and Citibank have backed the developer’s Eagle + West project in Greenpoint, Brooklyn, to the tune of $400 million. The property at 1 Eagle Street is a 745-unit double high-rise with a distinctive stacked-box design. The building opened for leasing in 2022 as part […]
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While there’s plenty going on in the world of President Donald Trump these days, his real estate organization still found the time to pay off the debt at one of its most prominent properties. The Trump Organization paid off the remainder of the debt backing 40 Wall Street in the Financial District, Reuters reported. There […]
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The Trump Organization has reportedly paid off the mortgage on 40 Wall St., a 72-story landmark office tower in New York. President Donald Trump’s firm now owns the tower free and clear of debt.
The power players behind the office-to-residential conversion of 5 Times Square landed a massive financing package to advance the project. Corebridge Institutional Investments provided a $561 million loan to Scott Rechler’s RXR, Marc Holliday’s SL Green and Marc Rowan’s Apollo Global Management for the project, Bisnow reported. RXR directly signed the deals with Corebridge, which […]
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Two of the nation’s largest big-box stores are taking a cue from online retailers, and their attempts to increase profit share could readjust real estate footprints if the new strategies pan out.