Madison International Realty Closes $1.2B Fund, Buffers Business Amid Coronavirus

Madison International Realty, a real estate private equity firm, has closed its commingled investment fund the Madison International Real Estate Liquidity Fund VII, with $1.2 billion of equity commitments, including sidecars, co-investment vehicles and general partner commitments.

       

source https://feeds.feedblitz.com/~/619778656/0/globest/new-york~Madison-International-Realty-Closes-B-Fund-Buffers-Business-Amid-Coronavirus/

New York-Based Partnership Acquires 4 Million SF Caterpillar Campus

The deal for the 350-acre campus also features a sale-leaseback component with Deerfield, IL-based Caterpillar Inc. The construction equipment manufacturer plans to keep approximately 500 of the company’s employees on site and will lease back an office building along with a portion of adjacent industrial space.

       

source https://feeds.feedblitz.com/~/619775024/0/globest/new-york~New-YorkBased-Partnership-Acquires-Million-SF-Caterpillar-Campus/

Bow Street Calls for Removal of Mack-Cali CEO

Bow Street, a New York City-based investment firm that owns approximately 4.5% of the outstanding shares of common stock of Mack-Cali Realty Corp., is also calling for the election of four additional new directors to the Mack-Cali Board of Directors.

       

source https://feeds.feedblitz.com/~/619774184/0/globest/new-york~Bow-Street-Calls-for-Removal-of-MackCali-CEO/

Provident Financial to Merge with SB One Bancorp in $208.9M Deal

The deal with SB One Bancorp, the parent of Paramus, NJ-based SB One Bank, would broaden Provident’s operations in both New Jersey and New York State. The combined organization will have approximately $12 billion in assets and will rank as the third largest bank headquartered in New Jersey.

       

source https://feeds.feedblitz.com/~/619773640/0/globest/new-york~Provident-Financial-to-Merge-with-SB-One-Bancorp-in-M-Deal/

Savills Acquires Project Management Firm Macro Consultants

Savills has acquired Macro Consultants, a project management firm that oversees capital projects, including relocations, expansions and modernizations nationally. The acquisition bulks up Savills existing advisory and management platform to offer leaner services to its clients.

       

source https://feeds.feedblitz.com/~/619773242/0/globest/new-york~Savills-Acquires-Project-Management-Firm-Macro-Consultants/

Seeking CRE’s Women of Influence

Nominations are now open for GlobeSt. Real Estate Forum’s Women of Influence Awards. Chosen individuals will be recognized at our GlobeSt. Women of Influence Awards Dinner in Park City, Utah on July 23. The submission deadline is April 3.

       

source https://feeds.feedblitz.com/~/619736678/0/globest/new-york~Seeking-CRE%e2%80%99s-Women-of-Influence/

Saturation of High-End Apartments Boosts Demand for Market-Rate Units

Most of the new construction coming online is higher-end rental properties, which has put a strain on the availability of market-rate units because the housing type has seen full occupancy in today's market.

       

source https://feeds.feedblitz.com/~/619725928/0/globest/new-york~Saturation-of-HighEnd-Apartments-Boosts-Demand-for-MarketRate-Units/

Gaedeke Group Acquires 44 Wall Street For $200M

Gaedeke Group, a privately owned commercial real estate investment firm, has acquired 44 Wall St. from George Comfort & Sons, Inc., a real estate investment management firm for $200 million.

       

source https://feeds.feedblitz.com/~/619725142/0/globest/new-york~Gaedeke-Group-Acquires-Wall-Street-For-M/