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The number of U.S. commercial mortgage-backed securities (CMBS) servicers will continue to thin out this year, according to New York-based Fitch Ratings. Faced with a very competitive market, servicers are being...
Nine new proposals for the redevelopment of Ground Zero have been unveiled, and unlike the most recent batch of plans — unanimously criticized as lackluster — these have been far better received...
International law firm Cahill Gordon Reindel has renewed its lease for 250,000 sq. ft. in 80 Pine St. in Lower Manhattan. through 2020. The law firm has occupied the space in the 1 million sq. ft. building, located...
After months of speculation that the firm would be bought out, New York-based tenant representation firm Julien J. Studley has announced a major change in its management and ownership structure. The terms of the...
Embattled auction house Sotheby’s has sold its York Avenue headquarters in Manhattan for $175 million to German real estate firm RFR Holding. Sotheby’s will lease the building back from RFR for 40 years...
Another Class-A office building in Midtown Manhattan is on the market. Located on 52nd Street in the heart of Midtown near Rockefeller Center, 666 Fifth Ave. could command bids as high as $1 billion, or more than $600...
U.S commercial mortgage-backed securities (CMBS) upgrades will outpace downgrades in 2003, predicts Fitch Ratings. Still, Fitch projects that the performance of the four main property classes (hotel, office, retail...
U.S commercial mortgage-backed securities (CMBS) upgrades will outpace downgrades in 2003, predicts Fitch Ratings. Still, Fitch projects that the performance of the four main property classes (hotel, office, retail...
Mack-Cali Realty Corp. (NYSE: CLI) has purchased a 175,000 sq. ft. Class-A office building in suburban Philadelphia for $26.3 million. The 4-story property, known as the Triad Building, is 90% leased to eight tenants...
Windrose Medical Properties Trust (NYSE: WRT), an Indianapolis-based medical REIT, has purchased a multi-tenant office building in Charlotte, N.C., for $5.65 million. The Park Medical Center is 92% leased to 10...
