Manhattan Retail Sales, Foot Traffic on the Rise

Concessions landlords are making are bringing in retailers that had steered clear of Manhattan before.

      

source https://www.globest.com/2021/12/23/manhattan-retail-sales-foot-traffic-on-the-rise/

CRE Values, Yields Forecasted to Increase Next Year

Michael Knott, managing director and head of US REIT research at Green Street, gives his predictions for the market next year.

      

source https://www.globest.com/2021/12/22/cre-values-yields-forecasted-to-increase-next-year/

Pay It Forward: "Continue to Take Risks and Accept the Most Challenging Projects"

Nina Roket discusses lessons learned and her journey to her current role as co-administrative partner and leader of the commercial leasing practice real estate at Olshan Frome Wolosky.

      

source https://www.globest.com/2021/12/21/pay-it-forward-continue-to-take-risks-and-accept-the-most-challenging-projects/

Pay It Forward: "I Have Always Had a Thirst for Knowledge and an Incredible Work Ethic"

"Business development is something that associates need to start thinking about early in their careers in order to be successful as they climb the ranks," says Karen Scanna of Stroock & Stroock & Lavan.

      

source https://www.globest.com/2021/12/21/pay-it-forward-i-have-always-had-a-thirst-for-knowledge-and-an-incredible-work-ethic/

Pay It Forward: "We Are Only as Good as the Experience We Get"

"Spend time with people you like and care about, and invest your energies in activities and organizations that speak to your passions. In doing so, you will find true commonality with people which will lead to authentic relationships," says Samantha Wallack of Blank Rome.

      

source https://www.globest.com/2021/12/21/pay-it-forward-we-are-only-as-good-as-the-experience-we-get/

Women of Influence Nominations are Open

Nominations are now available for GlobeSt. Real Estate Forum’s 2022 Women of Influence awards. Chosen professionals will be honored at the GlobeSt. Women of Influence awards ceremony on July 26th in Park City, UT.

      

source https://www.globest.com/2021/12/21/women-of-influence-nominations-are-open/

Blackstone-Led Consortium Places $911M Loan on 425 Park Ave

The financing replaces the construction loan and will eventually be replaced by permanent financing.

      

source https://www.globest.com/2021/12/21/blackstone-led-consortium-places-911m-loan-on-425-park-ave/

CommonWealth Partners Buys Hudson Commons For $1B

Given that the parties have been calling the building the “office of the future,” the price is significant.

      

source https://www.globest.com/2021/12/20/commonwealth-partners-buys-hudson-commons-for-1b/

Commerz Real Buys Office in NYC's Financial District

GFP Real Estate and Northwind Group are selling the full-block property at 100 Pearl St.

      

source https://www.globest.com/2021/12/20/commerz-real-buys-office-in-nycs-financial-district/