Related Cos. and Oxford Properties Group have put together a $2.45B capital stack for its latest office tower in Hudson Yards.
The energy sector of the S&P 500 rose 2.9 percent on Monday, lifting the broader market.
Brookfield Properties is renaming its retail division after the Chicago-based mall owner it acquired in 2018.
The retail division, renamed GGP after General Growth Properties, will not see any organizational change and will continue to be based at 350 N. Orleans St. in Chicago, Crain’s Chicago Business reported.
Mass flight cancellations during peak holiday travel season have forced travelers to miss school and work and to spend thousands on extended tropical vacations.
Zohran Mamdani continues filling out his administration as the early days of his mayorship unfold. Dina Levy, the senior vice president of single family and community development with the state’s Division of Homes and Community Renewal, will serve as commissioner of the Department of Housing Preservation and Development, Gothamist reported. Mamdani’s spokesperson later confirmed the appointment. Levy “is an experienced and fearless housing leader, and I know that she will fight to protect tenants and tackle our housing crisis head on,” the mayor said in a statement. Before her most recent role at HCR, she wore a number of other […]
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For large office developments, it’s critical to have an anchor tenant and construction financing. Months after securing the former, Related Companies and Oxford Properties Group landed the latter in Hudson Yards. Related and Oxford scored $1.6 billion in construction financing for their 72-story office tower project at 70 Hudson Yards, Bloomberg reported. The partners subsequently completed a $2.45 billion recapitalization of the development, according to a statement. Wells Fargo, Bank of America and Standard Chartered underwrote and structured the construction debt. Institutional investors also provided equity for the development. Related and Oxford broke ground on the project in July and […]
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AT&T plans to move its global headquarters out of Dallas proper and build a new corporate campus 20 miles north in Plano.
A larger proportion of new cars are being bought by affluent Americans as prices and interest rates for auto loans climb, analysts said.
HUBB NYC was among the buyers who closed out 2025 striking deals in Brooklyn. The firm acquired 599 Baltic Street from Adam America for $40 million last week, the Commercial Observer reported. The deal works out to $571,000 per unit for the 70-unit building, which appears to feature both rentals and condominiums. JLL Real Estate Capital provided a $29.7 million acquisition loan to HUBB for the purchase. None of the parties in the deal commented to the Observer on the transaction. Omri Sachs’ Adam America developed the nine-story building six years ago. It was part of a company portfolio of […]
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The U.S. seizure of Venezuela’s president has governments, executives and investors bracing for wide-reaching business and geopolitical fallout.