Bain Capital raised more than $3B to buy into specialty sectors as the firm continues an alternative asset buying blitz.

President Donald Trump and at least one Big Tech firm are on the same page about who should pay for the higher electricity costs tied to the surge in artificial intelligence data center development.

Amazon has expanded its presence in Greater Boston once again with a full-building lease near Worcester.
The tech giant signed a 450K SF lease at the Seyon Group’s 139 Campanelli Drive in Uxbridge in the fourth quarter, according to a Cushman & Wakefield report. The lease is for the full warehouse.
Amazon and Seyon didn’t respond to requests for comment on the lease.
Seyon acquired the property in 2021 for $18M from Braintree-based Campanelli Construction, which still owns the rest of the 276-acre business park in the neighborhood. The project had been under construction at the time of the sale. 
The warehouse completed construction in 2023, the Worcester Business…

Gov. Kathy Hochul wants to make it easier to build in New York, while also cracking down on bad landlords and cutting down on property owner costs.  In her fifth State of the State address, Hochul will unveil her “Let Them Build” agenda, which includes speeding up housing and infrastructure projects. She will also back efforts to create new criminal charges for landlords that repeatedly harass tenants across their portfolios.  Hochul’s agenda echoes the early approach of Mayor Zohran Mamdani, who has simultaneously taken steps aimed at easing housing construction while also ramping up enforcement actions against landlords. Her policy […]

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GameStop is pulling the plug on nearly 500 of its stores this month.

The trendy Meatpacking District is ushering in more major real estate deals from players both old and new to the neighborhood. Global alternative asset manager TPG Angelo Gordon and Bobby Cayre’s Aurora Capital Associates teamed up to buy 410 West 13th Street for $71 million, Crain’s reported. The deal for the five-story, 80,000-square-foot building breaks down to $888 per square foot. British real estate firm Epic sold the property, which is also known as 15 Little West 12th Street. The company purchased the property for $69 million in 2011, suggesting there was not much profit to be had for the […]

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That number could increase significantly as more consumers are faced with higher bills brought on by expiring premium subsidies.

Two months ago, it seemed Vornado Realty Trust’s ownership of 650 Madison Avenue was coming to an end. But Steven Roth was able to hold onto the building. Vornado is free of special servicing at the Plaza District office building after fulfilling its obligations on the $800 million mortgage backing the property, Crain’s reported. The loan is considered current and ownership prefunded shortfalls for the next 12 months, as well as a $1.5 million leasing reserve, according to Morningstar Credit Analytics. No modification was made to the mortgage, which matures in three years. Ownership also dodged a workout fee from […]

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Surging grocery prices were offset by lower increases for appliances and vehicles in the last such report before the Federal Reserve meets to debate interest rates.

Scott Rechler is buying into a luxury rental building on the Upper East Side, as well as a bunch of townhouse units in its vicinity. RXR acquired a 45 percent stake in 265 East 66th Street and 20 nearby townhouse units, Bloomberg reported. The deal valued the rental properties at $435 million. Josh Gotlib and Meyer Orbach’s GO Partners paid $425 million for the 295-unit rental and the townhouses in 2023, closing the last part of a big multifamily deal with Stefan Soloviev. It was the final piece of a megadeal Gotlib and Orbach struck to acquire 1,766 multifamily units […]

This article originally appeared on The Real Deal. Click here to read the full story.