Argonne Capital Group is teaming up with a group of investment titans to buy a $1.1B portfolio of retail assets.
A joint venture between two Japanese investment firms has bought a stake in one of London’s largest new office buildings.
Sotetsu Urban Creates Company and Yasuda Real Estate Company purchased a 20% stake in 21 Moorfields in the City from Lendlease, marking the JV’s UK debut and the third significant deal in a week by Japanese firms in UK real estate.
The 565K SF building was completed in early 2024. It is the UK HQ of Deutsche Bank, which has a 25-year lease.
Lendlease bought the building along with investment partners in 2022 from Landsec for £809M — a price that would value the…
The borough president of Staten Island, alongside a group of city and state lawmakers, civic associations and homeowners, have sued New York City and Mayor Eric Adams, seeking to annul the landmark City of Yes zoning reform.
Dollar Tree reached an agreement to sell its Family Dollar business to Brigade Capital Management and Macellum Capital Management for just over $1B.
The sale price marks a stark drop-off in value for the asset, which Dollar Tree acquired in 2015 for about $9.2B.
Occupiers of industrial properties are increasingly opting to purchase rather than rent their buildings.
KS Group and Alma Realty scored a $300M construction loan for the development of four mixed-use apartment buildings in Astoria.
A mantra has taken hold in the real estate world in the last year or so when it comes to office real estate: New, best-in-class buildings in central locations with swanky amenities will see rents grow and values stay robust. Own anything else, and you’re in trouble.
That might be about to change.
Traditional office spaces continue to struggle with muted demand and high vacancy rates unless they are one of the few Class-A office buildings meeting the long list of requirements of today’s modern office occupier. The flexible workspace industry, on the other hand, faces a very different reality.
In a 2024 survey, WeWork found that nearly 60% of companies looking to expand over the next several years are choosing to do so with flexible workspace as opposed to traditional offices. At the same time, almost 90% of companies say offices will play a big role in increasing their profitability and enhancing a positive work…
After two years as Miami-Dade County’s Director of Public Housing and Community Development, Alex Ballina is stepping down to develop his own firm.