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Blackstone’s enormous Real Estate Income Trust has acquired a two-property portfolio in Oregon and Northern California. The REIT acquired the 211-unit Sierra Oaks in Turlock, CA, and the 264-unit Columbia Trails Apartments in Gresham, OR, for about $94 million, or $198,000 per unit. The properties are about half-renovated and a plan to renovate...
Building ownership has closed on a significant refinancing of 850 Third Ave. in New York City, securing a $342 million loan through Natixis and Paramount Group, according to sources speaking on condition...
The Department of Treasury's crackdown on potential money laundering involving all-cash buyers of real estate that began in 2016 deflated the value of luxury homes sold in the nation's largest markets...
As J.Crew Group - the omni-channel retailer behind specialty brands J.Crew and Madewell - begins relocating in stages this year, Facebook is poised to take over the empty space left in its wake. At...
Image of 801 S. Olive St. in downtown Los Angeles. In what is likely to be one of the largest multifamily deals of the year, a unit of Brookfield Asset Management has acquired a 49 percent stake...
Slowly but surely, Avon is finding takers for its former block of space at 777 Third Ave. in New York City, which it has been chipping away at via various subleases following its corporate relocation...
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