Blackstone Completes Another Data Center Deal with COPT

Blackstone Real Estate and COPT will acquire interests in eight single-tenant, data center shell properties totaling 1.3 million square feet and valued at $293 million.

       

source https://feeds.feedblitz.com/~/638261164/0/globest/new-york~Blackstone-Completes-Another-Data-Center-Deal-with-COPT/

Communication is Key for Office Tenants

One New York company says high- and low-tech communication can help tenants feel better about coming back.

       

source https://feeds.feedblitz.com/~/638261168/0/globest/new-york~Communication-is-Key-for-Office-Tenants/

W.P. Carey Acquires European Supermarket Portfolio for $102M

With the off-market, sale-leaseback investment, the company’s year-to-date investment volume now totals $700 million.

       

source https://feeds.feedblitz.com/~/638235738/0/globest/new-york~WP-Carey-Acquires-European-Supermarket-Portfolio-for-M/

New Rent Index Shows Massive Apartment Rent Decrease

According to a November rent report, New York rents have declined 2.8% over the past month, and have decreased sharply by 17% in comparison to the same time last year. Comparable cities nationwide show more affordable rents compared to New York

       

source https://feeds.feedblitz.com/~/638231328/0/globest/new-york~New-Rent-Index-Shows-Massive-Apartment-Rent-Decrease/

A Solution for Social Distancing in Restaurants

In cities such as New York, restaurants have expanded onto the street and sidewalks.

       

source https://feeds.feedblitz.com/~/638223992/0/globest/new-york~A-Solution-for-Social-Distancing-in-Restaurants/

Pandemic Drives Growth of New Niche: Sound Stages

Thanks to the boom in content streaming, sound stage real estate properties are gaining increasing attention from institutional investment capital.

       

source https://feeds.feedblitz.com/~/638223756/0/globest/new-york~Pandemic-Drives-Growth-of-New-Niche-Sound-Stages/

Colliers: Manhattan Office Leasing a Mixed Bag

Leasing in October was healthy but availability skyrocketed to its highest level in 16 years.

       

source https://feeds.feedblitz.com/~/638221194/0/globest/new-york~Colliers-Manhattan-Office-Leasing-a-Mixed-Bag/

Sharestates Hires Chief Strategy & Growth Officer, Launches Two New Initiatives

Stephan Leccese will initially focus on two major initiatives: NPL Swap – a marketplace for non-performing loans; and Investors Loan Servicing – a specialized servicer for business purpose loans.

       

source https://feeds.feedblitz.com/~/638177636/0/globest/new-york~Sharestates-Hires-Chief-Strategy-Growth-Officer-Launches-Two-New-Initiatives/