Mack-Cali Realty Corp. is purchasing 101 Hudson Street, a 1.2 million sq. ft. office tower in Jersey City, N.J. Development firm LCOR Inc. sold the tower to Mack-Cali for $329 million, or roughly $300 per sq. ft...
Jerry Herman, president and CEO of Arlington Hospitality Inc., is stepping down from his post. Herman was named president and CEO of the Arlington Heights, Ill.-based hotel development and management firm in December...
Lehman Brothers Real Estate Partners has placed a $2.74 billion portfolio of Swedish real estate on the market. The massive portfolio is owned by Lehman Brothers on behalf of its Swedish-listed real estate company...
Manhattan law firm McKee Nelson LLP is planning to leave its offices in Midtown for a larger space in Lower Manhattan. The firm has signed a long-term lease for 67,000 sq. ft. of office space at 1 Battery Park Plaza...
In February, the $1.7 billion Time Warner Center was unveiled to a coterie of black-tie guests in Midtown Manhattan. The 80-story, mixed-use complex houses more than 1 million sq. ft. of office space, a luxury hotel...
Brokerage firm CB Richard Ellis is fighting a sexual harassment lawsuit that, if certified as a class-action case, has the potential to include as many as 9,000 former and current CBRE employees seeking unspecified...
With skyrocketing oil prices, anemic job growth and the likelihood of rising interest rates, commercial real estate investors should brace for a choppy investment environment in 2005, according to a panel of four real...
NREI recently spoke with Mark Fisher, senior director at commercial mortgage banking firm LJ Melody & Co. in New York City, about the extremely torrid investment sales market for office buildings. Instead of...
When Wells Real Estate Funds bought One West Fourth Street in July, the $77 million transaction had all the hallmarks of a Wells acquisition. The two-year-old, 431,000 sq. ft. office building was 92% leased by...
Silverstein Properties has chosen Los Angeles-based brokerage CB Richard Ellis to serve as exclusive leasing agent for the 52-story 7 World Trade Center, the first Lower Manhattan office tower to be rebuilt after...
