PGIM Real Estate Acquires $275M Industrial Portfolio

The portfolio, comprising four newly-delivered New Jersey properties, adds 2.2 million square feet of industrial space to the firm’s core fund.

       

source https://feeds.feedblitz.com/~/637904642/0/globest/new-york~PGIM-Real-Estate-Acquires-M-Industrial-Portfolio/

Seeking CRE’s Best Places to Work

Nominate your company as one of the industry’s top workplaces for GlobeSt. Real Estate Forum’s next series. The submission deadline is December 11!

       

source https://feeds.feedblitz.com/~/637901982/0/globest/new-york~Seeking-CRE%e2%80%99s-Best-Places-to-Work/

New York Life Real Estate Investors Closes Structured Debt Fund

With nearly $500 million in committed capital, the closed-end Madison Square Structured Debt Fund will originate bridge loans collateralized by institutional-quality assets.

       

source https://feeds.feedblitz.com/~/637882014/0/globest/new-york~New-York-Life-Real-Estate-Investors-Closes-Structured-Debt-Fund/

Open Nominations for the Best Bosses in CRE

GlobeSt. Real Estate Forum is seeking the industry’s most talented and respected leaders. Submit your nominations by December 4!

       

source https://feeds.feedblitz.com/~/637825498/0/globest/new-york~Open-Nominations-for-the-Best-Bosses-in-CRE/

MAG Partners Secures $173M Construction Loan for Affordable Chelsea Development

Madison Realty Capital provided the financing and construction will begin next month on the 479-unit building.

       

source https://feeds.feedblitz.com/~/637817128/0/globest/new-york~MAG-Partners-Secures-M-Construction-Loan-for-Affordable-Chelsea-Development/

Madison International, Plymouth Industrial REIT Form $150M Equity JV

The first venture investment under contract is in metropolitan Memphis for $86 million.

       

source https://feeds.feedblitz.com/~/637746850/0/globest/new-york~Madison-International-Plymouth-Industrial-REIT-Form-M-Equity-JV/

NYC Apartment Rents Slip Back to 2011 Levels

The average apartment rent in Manhattan has fallen below $3,000 for the first time since 2011.

       

source https://feeds.feedblitz.com/~/637658848/0/globest/new-york~NYC-Apartment-Rents-Slip-Back-to-Levels/

Howard Hughes Corp. Unveils $1.4B Plan for Lower Manhattan's Seaport

The $1.4 billion proposal will transform an underutilized block in the South Street Seaport Historic District.

       

source https://feeds.feedblitz.com/~/637437390/0/globest/new-york~Howard-Hughes-Corp-Unveils-B-Plan-for-Lower-Manhattans-Seaport/