SL Green Sells Sutton Place Apartment for $62M

The sale is part of the REIT’s strategy to sell off non-core assets in order to invest into its development projects and share repurchase program.

       

source https://feeds.feedblitz.com/~/629197892/0/globest/new-york~SL-Green-Sells-Sutton-Place-Apartment-for-M/

Appeal of Expensive Coastal Cities Wanes In Pandemic

Data from Redfin.com shows a rise of people in New York, San Francisco and Los Angeles looking to move to more affordable and less dense areas in recent months.

       

source https://feeds.feedblitz.com/~/629191934/0/globest/new-york~Appeal-of-Expensive-Coastal-Cities-Wanes-In-Pandemic/

Blackstone, Hudson Pacific Strike $1.65B Film Production Deal

Real estate heavy-hitter Blackstone is to buy out 49% of Hudson's Los Angeles media portfolio valued at $1.65 billion.

       

source https://feeds.feedblitz.com/~/629190620/0/globest/new-york~Blackstone-Hudson-Pacific-Strike-B-Film-Production-Deal/

Which Net Leased Properties Are Becoming More Mainstream?

In advance of our upcoming GlobeSt. Net Lease national conference in New York City, Glen Kunofsky, executive managing director of investments at Marcus & Millichap, says investors are seeking experiential properties as opposed to traditional retail net leases.

       

source https://feeds.feedblitz.com/~/629182320/0/globest/new-york~Which-Net-Leased-Properties-Are-Becoming-More-Mainstream/

JV Secures $250M in Financing for NYC Multifamily and Academic Project

Lendlease and L+M secured the construction loan for a 354,000-square-foot, mixed-use building in Morningside Heights.

       

source https://feeds.feedblitz.com/~/629123250/0/globest/new-york~JV-Secures-M-in-Financing-for-NYC-Multifamily-and-Academic-Project/

Prominent NYC Landlords Invest In Apartment Rental Platform Doorkee

Tech startup Doorkee has raised $5.7 million from New York City landlords Simon Baron Development, Stonehenge NYC and Bushburg Properties, among other investors.

       

source https://feeds.feedblitz.com/~/629107964/0/globest/new-york~Prominent-NYC-Landlords-Invest-In-Apartment-Rental-Platform-Doorkee/

Golden Gate Capital Purchases 244K SF, NJ Office Portfolio

CBRE arranged the sale of the six-building portfolio and has been retained to lease the 50%-occupied properties in Mount Laurel, NJ.

       

source https://feeds.feedblitz.com/~/628876138/0/globest/new-york~Golden-Gate-Capital-Purchases-K-SF-NJ-Office-Portfolio/

Hip Hop Hall of Fame Eyes Midtown Manhattan Location

The Hip Hop Hall of Fame Museum and Hotel Retail and Live Entertainment TV Studio complex project plans to issue a Request for Quotation review for architectural and design firms on July 1.

       

source https://feeds.feedblitz.com/~/628845752/0/globest/new-york~Hip-Hop-Hall-of-Fame-Eyes-Midtown-Manhattan-Location/