Blackstone Buys Lab Office Portfolio from Brookfield for $3.45B

The 2.3 million square foot portfolio is largely located in East Cambridge, Mass.

       

source https://feeds.feedblitz.com/~/640287928/0/globest/new-york~Blackstone-Buys-Lab-Office-Portfolio-from-Brookfield-for-B/

KKR's Latest Industrial Purchase Is For $835M

The purchase grew the firm’s holdings by nearly one-third, giving KKR a total of 30 million square feet in industrial assets.

       

source https://feeds.feedblitz.com/~/640283652/0/globest/new-york~KKRs-Latest-Industrial-Purchase-Is-For-M/

NYC Retail CMBS Loans Delinquencies Reach an All-Time High

Delinquency rates for retail CMBS loans in Manhattan are up to an all-time high of 16.78%, and special servicing rates are at 17.55%.

       

source https://feeds.feedblitz.com/~/640110050/0/globest/new-york~NYC-Retail-CMBS-Loans-Delinquencies-Reach-an-AllTime-High/

Nominations Soon Closing for 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 before the submission deadline of December 11!

       

source https://feeds.feedblitz.com/~/639991876/0/globest/new-york~Nominations-Soon-Closing-for-CRE%e2%80%99s-Best-Places-to-Work/

New York Tenants Push to See Now-Affordable Trophy Space

When COVID hit, New York lost more than 90% of its office space demand between mid-March and June.

       

source https://feeds.feedblitz.com/~/639991646/0/globest/new-york~New-York-Tenants-Push-to-See-NowAffordable-Trophy-Space/

Howard Hughes’ Seaport Project Will Have an E-Commerce Play

The 53,000-square-foot Tin Building marketplace will reopen next year sporting a robust e-commerce platform for its mix of retailers and restaurants.

       

source https://feeds.feedblitz.com/~/639901486/0/globest/new-york~Howard-Hughes%e2%80%99-Seaport-Project-Will-Have-an-ECommerce-Play/

Nominations Soon Closing for 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 before the submission deadline of December 11!

       

source https://feeds.feedblitz.com/~/639901347/0/globest/new-york~Nominations-Soon-Closing-for-CRE%e2%80%99s-Best-Places-to-Work/

Office Landlords Face Steep Climb in Reducing Operational Costs

Office users are reassessing the office space, and office owners will have to pivot quickly to survive.

       

source https://feeds.feedblitz.com/~/639895568/0/globest/new-york~Office-Landlords-Face-Steep-Climb-in-Reducing-Operational-Costs/