Australian ING Office Fund has acquired a 49% interest in 900 Third Avenue, a 36-floor Manhattan office tower. For $163 million, ING acquired the stake, which also gives it a 50% voting interest in the property. The...
Vornado Realty Trust has sold 2 Park Avenue, a 965,000 sq. ft. office building in midtown Manhattan, for $292 million. The buyer was German real estate investment firm SEB Immobilien-Investment GMBH...
The balance of U.S delinquent loans jumped from $2.8 billion to almost $3.4 billion during the second quarter, reports Fitch Ratings. That brings the Fitch Loan Delinquency Index (LDI) up to 1.62%. At the close of the...
Effective today, Ray Wirta is CEO of a bolstered real estate services juggernaut as the official merger between CB Richard Ellis and Insignia/ESG was formalized this morning. This will elevate CBRE into the top ranks...
With the merger between CB Richard Ellis and Insignia finalized, a new brokerage kingdom now rules New York City. In fact, many industry sources believe the merger was engineered as a fail-safe way for CBRE to...
Several big leasing deals combined with a decrease in sublease space helped cut Manhattan office vacancy by 0.1% during June, reports Cushman & Wakefield. That may not be a lot, but in this bleak leasing market it...
During the Gilded Age, Long Branch was an elegant seaside town where Astors, Goulds and Drexels repaired for summer R&R. The glory days ended almost a century ago, however, when the rich discovered new haunts and...
His grandfather pioneered real estate syndication in the United States back in 1934. Now, Anthony Malkin is carrying the flag for W & M Properties, a privately held, New York-based real estate firm. Since 1989...
A shuttered Denver hotel property will soon be reinvented as a mixed-use project featuring nearly 300 luxury apartment units, restaurant and retail space. Las Vegas-based developer Pacific Properties plans to spend ...
The Federal Reserve has slashed a key short-term interest rate by one-quarter percent, bringing the rate to its lowest level in nearly 50 years. That one-quarter percent cut was conservative: many observers predicted...
