Douglas Emmett secures four loans worth $500M
Photo by khrawlings/ Flickr Walker & Dunlop, Inc. announced that it recently closed a portfolio of four refinance loans on behalf of Douglas Emmett, Inc., … Continued
Category : Blog
Cozy marries contemporary to create tomorrowʼs design trend
Home is where the hygge is. Thatâs what developers and design experts are discovering is a huge hit with buyers and renters, who more than ever want to feel at home â in every part of a residential building. Hygge, the recently-popularized Danish and Norwegian word that translates to feeling cozy and comfortable, has grown â¦
Duke Realty closes $2.8B sale of 72-building medical office package
Industrial REIT Duke Realty has completed its $2.8 billion sale of 72 medical office buildings to Healthcare Trust of America as it ramps up its … Continued
New York is second most expensive city for renting co-working spaces
New York is the second-most expensive place in the country to rent an office desk, according to a study from workspace network start-up LiquidSpace. In its flexible offices second quarter report, the firm found that the average rent per person in New York stands at $740. The figure is lower than the average in San Francisco, which was at …
Normandy acquires additional 19 percent stake in 80 Maiden Lane for $54M
Normandy Real Estate Partners has increased its stake in 80 and 90 Maiden Lane, according to documents filed with the city. Photo via LETA Architecture’s … Continued
Construction starts on Moynihan Train Hall
Governor Andrew M. Cuomo announced the start of construction that will turn the James A. Farley building into a world-class transportation hub for the 21st century. The Farley Building redevelopment into the Moynihan Train Hall will create a new 255,000 s/f train hall for Long Island Rail Road and Amtrak passengers and increase total concourse …
Taconic, Silverstein to build 150,000 s/f life science research center
Taconic Investment Partners and Silverstein Properties announced development plans for the building at 619 West 54th Street, to be named the Hudson Research Center, which includes the creation of over 150,000 s/f of life science wet lab research space. 619 West 54th Street, the home of the New York Stem Cell Foundation’s recently developed 40,000 …
Co-living company Common continues NYC expansion
Co-living company Common announced the launch of two new homes in Ridgewood, Queens and Prospect-Lefferts Gardens, Brooklyn: Common Cornelia and Common Lincoln. Common Cornelia is the company’s first home in Queens, while Common Lincoln marks its seventh in Brooklyn, where Common launched in 2015. Common now has 14 homes now open across four cities — …
City presses pause on Garment District rezoning
The City Council has delayed voting on rezoning the Garment District after a steering community led by the Manhattan borough president released a series of … Continued
Japanese firm Softbank invests $4.4B in WeWork
Japanese telecommunications company Softbank is investing $4.4 billion in co-working firm WeWork. According to an announcement from WeWork, $3 billion of the investment has been … Continued