I Star Financial recently set a New Jersey record when it paid $194 million — $336 per sq. ft. — for Harborside Financial Plaza 10, a 19-story office building in Jersey City. But the steep price hardly shocked veteran...
For a chain such as Costco Wholesale Corp., cooperating with malls has suddenly become an important part of its growth strategy. In the past year, the discount juggernaut has opened its first two mall units, and the...
During a visit to Australia in 1980, Richard Green was surprised to see the latest shopping malls. Built on six levels, the new models included conventional department stores and discounters, fish markets and grocery...
The hit television series “Seinfeld” painted a bleak picture of New York apartments. Jerry and his friends lived in cramped buildings that were plagued by unpredictable tenants. The televised image may have confirmed...
When Carmel Partners Inc. marketed an apartment complex in Costa Mesa, Calif., last year, three pension funds were among the bidders. But the highest offer came from Essex Property Trust, a real estate investment...
While many foreign investors prefer acquiring office towers in cities such as New York and Washington, Baita International — a German operator of real estate funds — recently paid $12 million for Paradise Crossing, a...
For more than a decade, Commercial Net Lease Realty has maintained a narrow focus by owning single-tenant net-lease retail properties. Then in July, the real estate investment trust (REIT) began changing course...
Now that master dealmaker Barry Sternlicht has announced his plans to step down as CEO of Starwood Hotels & Resorts Worldwide, the focus is on whether his successor will be a hotel veteran. The fact that...
