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Evercore Accelerates New York City's Surge in Reconfiguring Office Space
Investment manager Evercore is the latest financial services firm to reconfigure its corporate headquarters space in New York City after completing a lease for 350,000 square feet at its Park Avenue Plaza location through 2034. The 1.2-million-square...

Meridian Capital Taps Famularo to Lead New Retail Leasing Division
Meridian Capital Group of New York is turning its attention to retail real estate. Long known for its work in investment sales and debt sectors, the Manhattan-based firm is now building out a new leasing team to represent both landlords and tenants...

Mitsubishi and Principal Financial Launch U.S. CMBS Operation
Photo credit: MUFG Americas MUFG Union Bank, a subsidiary of Tokyo-based Mitsubishi UFJ Financial Group, and Principal Real Estate Investors have decided to jump into the hot U.S. commercial mortgage-backed securities market. The San Francisco-based...

GoldPoint Partners Moving to 299 Park Avenue in 2019
Goldpoint Partners is heading uptown next year, having selected 299 Park Ave. as its new headquarters location. A subsidiary of New York Life Insurance Company, Goldpoint has signed a 15-year lease for 29,678 square feet on the 37th floor of the 1...

Greenland USA Takes Majority Interest in NY's Pacific Park Project
Forest City Realty Trust has closed on its restructuring of the Pacific Park development project in Brooklyn, leaving joint-venture partner Greenland USA with the majority interest. As part of the agreement, the subsidiary of Shanghai-based Greenland...

Multifamily Investors Are Getting Used to 'Normal'
U.S. housing construction remains low, and still trails population growth, said John Affleck, CoStar’s director of analytics. "Ongoing deliveries of highly-amenitized, high-rent product will limit rent growth at the high end of the market, but older and...

Student Housing: The New Safety Play for Major Real Estate Investors
Twelve at U District, an American Campus Communities property at 4535 12th Ave NE in Seattle. While the news that multifamily investor/operator Greystar and an affiliate of Blackstone planned to buy Education Realty Trust and its portfolio of off-campus...

Newmark to Acquire Dallas Brokerage Firm as it Expands Texas Footprint
Pictured from left: James Cooksey, president and founder of Jackson Cooksey, and Neal Golden, president of the Texas region at Newmark.After more than a year of speculation in the Dallas real estate community, New York-based Newmark Group Inc. has put...

Chestnut Holdings Plunks Down $55M for Retail Portfolio
Chestnut Holdings’ Jonathan Weiner is the new owner of a 19-property retail portfolio that spans Brooklyn and the Bronx, acquiring the assets from Larry Berkowitz’s LLB Properties. The portfolio totals 18 retail properties and a vacant lot in the outer...

Massey Brings B6 Real Estate Advisors to Market
Paul Massey Jr., has returned to commercial real estate, working with fellow industry veterans Neil Heilberg and Michael Wlody to launch B6 Real Estate Advisors. The investment sales advisory and brokerage services firm will begin targeting middle...

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