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Jones Lang LaSalle's Knakal Expects Gains in Manhattan Office Prices to Extend Through 2019
KNAKAL New York City's office market, the nation's largest, will probably extend this year's gains through 2019 because of federal tax changes, a tight labor market, and low turnover in most office buildings selling for less than $100 million, according...

Blackstone Closes In on Second Largest New York Apartment Deal of 2018
Blackstone is set to swallow up another massive New York apartment complex in a deal that, once completed, would stand as the second largest single multifamily sale in the state this year. Blackstone’s Property Partners vehicle, an open-ended fund...

Knotel's Moinian Group Deal Extends Midtown South Leasing Footprint
Knotel, a provider of flexible workspaces that competes with WeWork, is carving out more space in Manhattan's Midtown South. Knotel has signed leases for five new locations totaling 38,800 square feet, with all five locations expected to open this...

Carlyle Group Raises $5.5 Billion for Eighth U.S. Real Estate Fund, Exceeding Target
The Carlyle Group purchased the 144-unit Brookside Apartments in Boulder, Colorado, earlier this year for $51 million. Global alternative asset manager Carlyle Group's eighth U.S. real estate fund, focused on opportunistic targeted investments across...

Former Mack-Cali Chief Rudin Named President of Savills Studley
Mitchell E. Rudin, a veteran New York real estate executive who previously held senior positions at CBRE, Brookfield and Mack-Cali Realty Corp., will join Savills Studley as its next president, succeeding Michael Colacino who is stepping down at the end...

Bigger Leases and Pricier Deals Mark Manhattan’s Office Market This Year
Shared work spaces, a rezoning of the eastern part of midtown Manhattan that may add 6.8 million square feet of commercial space, and development of the Hudson Yards district are shaping a surging office market this year in New York City. According...

Look Out Canada, Here Comes Blackstone
Daniel Drimmer, left, CEO of Starlight Investments, and Olivia John, managing director at Blackstone Group, at the Canadian Apartment Investment Conference. Blackstone Group's $3.8 billion deal for Canada's largest industrial real estate investment...

Pebblebrook Wins Bidding War for LaSalle
Pebblebrook Hotel Trust's headquarters building located just outside Washington, D.C., in Bethesda, Maryland. Jon Bortz is getting his company back. The chief executive of Pebblebrook Hotel Trust has won the protracted bidding war for real estate investment...

Empire State Development to Build New Long Island Rail Concourse at Moynihan Train Station Redevelopment
Empire State Development, a New York state economic agency, plans to build a new Long Island Rail Road concourse facility underground the north side of Manhattan's Penn Station and an above-ground pedestrian plaza, requiring the buyout of any retail stores...

New York's APF Properties Buys Murray Hill Office Tower for $222.5 Million
New York-based real estate investor APF Properties has bought 183 Madison Avenue for $222.5 million, acquiring the property from joint-venture owners Tishman Speyer and Cogswell Lee Development amid growing demand in Mahattan's Murray Hill neighborhood...

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