Sherwood Equities Inks 50K Square Feet in Times Square Leases

Real estate developer Sherwood Equities signs lease renewals to two of Times Square's biggest tenants.

       

source https://feeds.feedblitz.com/~/610701136/0/globest/new-york~Sherwood-Equities-Inks-K-Square-Feet-in-Times-Square-Leases/

Blackstone Lends $724M for Hudson Commons REFI

Cove Property Group has secured a $724.2 million loan from Blackstone Mortgage Trust to refinance Hudson Commons, a 698,000-square-foot trophy office in Hudson Yards.

       

source https://feeds.feedblitz.com/~/610354210/0/globest/new-york~Blackstone-Lends-M-for-Hudson-Commons-REFI/

Cap Rate Compression Expected to Halt into 2020 Election

The upcoming election and swings within the political climate are expected to have as much, if not more, of an impact on the psyche of the investor than other economic trends or indicators.

       

source https://feeds.feedblitz.com/~/610333892/0/globest/new-york~Cap-Rate-Compression-Expected-to-Halt-into-Election/

Vastgood, RW Partnership Spends $127M for Giant Supermarket-Anchored Portfolio in PA

The deal was announced by New York City-based Meridian Capital Group, which arranged $97 million in acquisition financing to the new ownership.

       

source https://feeds.feedblitz.com/~/610332992/0/globest/new-york~Vastgood-RW-Partnership-Spends-M-for-Giant-SupermarketAnchored-Portfolio-in-PA/

NYC Retail Rents On the Decline Amid Robust Leasing Activity

The innovation of traditional brick-and-mortar for pop-ups have emphasized in-person experiences and driven up foot traffic in areas, but have changed the traditional lease structures for cheaper rents.

       

source https://feeds.feedblitz.com/~/610332614/0/globest/new-york~NYC-Retail-Rents-On-the-Decline-Amid-Robust-Leasing-Activity/

Industrious to Open Second Tampa Location at Former Movie Theater

The new location it is expected to open for business in the fourth quarter of 2020.

       

source https://feeds.feedblitz.com/~/610327722/0/globest/new-york~Industrious-to-Open-Second-Tampa-Location-at-Former-Movie-Theater/

Paramount Lands $1.25B REFI for 1633 Broadway

The new 10-year interest-only loan has a fixed rate of 2.99% and matures in December 2029.

       

source https://feeds.feedblitz.com/~/610329208/0/globest/new-york~Paramount-Lands-B-REFI-for-Broadway/

NRIA Secures $44M Loan to Begin New Gated Union City Project

Upon completion, Hoboken Heights at 1300 Manhattan Ave. will feature four buildings with 55 luxury residences, including nine penthouses with private elevators and expansive terraces.

       

source https://feeds.feedblitz.com/~/610325290/0/globest/new-york~NRIA-Secures-M-Loan-to-Begin-New-Gated-Union-City-Project/