Navigating changing variables around rising construction costs, Stirling has had to put its head down with clients to massage a layout that is cost-effective.
SL Green is making a straight-forward spread investment; sell assets in the 4% to 5% cap rate range and buy a larger stake in a portfolio that includes trophy assets like 11 Madison Avenue, said BTIG REIT Analyst Thomas Catherwood.
With all the buzz coming from different directions on social media, grabbing the attention of audiences has become a rat race, leaving many asking, “how do you stand out in the noisy world of media?”
Moin Development secured $135 million in financing from KeyBank Real Estate Capital and South Korea based Fidelis Asset Management for the Mondrian Park Avenue hotel.
With the acquisition, Marquee Brands will diversify its women’s fashion division and add scale to its directly managed e-commerce platform. Marquee Brands currently operates across women’s fashion, men’s fashion, active & outdoor and home & food divisions.
Until recently, the three-story building’s top floor—totaling approximately 117,000 square feet—was occupied by AIG.
Upon the acquisition close, VICI entered a triple-net master lease agreement with Century under lease-terms that include an annual rent of $25 million and with an initial term of 15 years, with four 5-year tenant renewal options.
The property is owned by a joint venture between Joy Construction and Maddd Equities under the YYY 62nd Street, LLC.
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