RentRedi Targets Roadblocks in Landlord and Tenant Rental Experience

Real estate proptech startup RentRedi raised $1.4 million in venture capital to go boldly into the national rental market, taking aim at landlord and tenant challenges.

       

source https://feeds.feedblitz.com/~/610784178/0/globest/new-york~RentRedi-Targets-Roadblocks-in-Landlord-and-Tenant-Rental-Experience/

Law Firms Continue to Contract Square-Footage in Chicago

Overall, Chicago recorded 854,255 square feet of law firm contractions from the third quarter of 2019 through the second quarter of 2019, up from 702,971 square feet the year prior.

       

source https://feeds.feedblitz.com/~/610776896/0/globest/new-york~Law-Firms-Continue-to-Contract-SquareFootage-in-Chicago/

Marquee Brands Emerges as Destination Maternity’s ‘Stalking Horse’ Bidder

An auction for the assets of Destination Maternity is scheduled to take place on Dec. 9, 2019. The deadline to submit qualified bids is Dec. 5, 2019, and the company expects to seek court approval of the winning bid on Dec. 12.

       

source https://feeds.feedblitz.com/~/610773898/0/globest/new-york~Marquee-Brands-Emerges-as-Destination-Maternity%e2%80%99s-%e2%80%98Stalking-Horse%e2%80%99-Bidder/

Safehold Acquires 425 Park Avenue Ground Lease

Safehold, a real estate investment trust specializing in ground leases, has acquired an existing ground lease at 425 Park Ave. for approximately $620 million.

       

source https://feeds.feedblitz.com/~/610730244/0/globest/new-york~Safehold-Acquires-Park-Avenue-Ground-Lease/

Vornado Bags $800M to REFI 650 Madison Avenue

The loan replaces the previous $800 million loan that has a fixed rate of 4.3%, and was set to come due in October 2020.

       

source https://feeds.feedblitz.com/~/610702588/0/globest/new-york~Vornado-Bags-M-to-REFI-Madison-Avenue/

Urban Edge Properties Acquires Revere, MA Shopping Center

Located on 16 acres, the shopping center is 100% leased with a tenant roster that includes: Marshalls, Planet Fitness, St Jean’s Credit Union and 99 Restaurant. The property is a strategic, transit-oriented, value-add acquisition for the company’s growing Metro Boston portfolio, Urban Edge Properties states.

       

source https://feeds.feedblitz.com/~/610702162/0/globest/new-york~Urban-Edge-Properties-Acquires-Revere-MA-Shopping-Center/

Mid to Large Buildings Await Energy Letter Grades

In 2020, New York City buildings 25,000 square feet and larger will have to display letter grades for their energy efficiency usage.

       

source https://feeds.feedblitz.com/~/610700492/0/globest/new-york~Mid-to-Large-Buildings-Await-Energy-Letter-Grades/

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/