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Breaking: WeWork Banks on Brokerage Business
By: Tony Wilbert and Jacquelyn Ryan WeWork, the co-working and shared space giant, not only wants to be your landlord. It also wants to be your tenant representative when your firm moves on. WeWork said late Friday it would launch WeWork Space Services...

Hotel Sales Surge in First Half, Powered by Large Deals Involving Private Equity Funds
Blackstone Group paid $1.64 billion in April for a trio of resort properties, including the Grand Wailea on the south Maui island of Hawaii (pictured). Large hotel deals pushed U.S. lodging and hospitality sales ahead of all other major property types...

Phillips Edison's $6.3B Merger With Its REIT to Expand Access to Capital Markets
Crosscreek Village in St. Cloud, FL, acquired by Phillips Edison Grocery Center REIT II in 2016.The proposed $6.3 billion merger of Phillips Edison & Co., one of the largest owners and operators of grocery-anchored shopping centers across the U.S., and...

LinkedIn's Nationwide Expansion Makes It a Major Renovator of New York's Empire State Building
LinkedIn has again expanded in the 2.82 million-square-foot Empire State Building at 350 Fifth Ave., which still dominates the New York City skyline. A nationwide expansion by LinkedIn, the growing online networking service for 21st-century professionals...

Fresh From Dismantling New York REIT, Silverstein Considers Her Next Move
The Viceroy Hotel (pictured, above) at 120-124 W. 57th St. in New York City is now under contract, one of the last remaining holdings for New York REIT. Real estate executive Wendy Silverstein found herself accepting what many in the industry may call...

New Opportunistic and Multifamily Funds Help Reheat Real Estate Private Equity Market
One of Taconic Capital's latest investments was the mortgage securing JPMorgan International Plaza in Dallas. Private equity fundraising for real estate shows signs of heating up again in July after a slower pace in the second quarter. Firms raising...

With Plaza District Sublease, Gen II Fund Finds Room to Grow
Gen II Fund Services, a private fund equity administrator in charge of $200 billion in capital, has signed a sublease for 48,000 square feet in a relocation that has it quadrupling its space. The New York-based firm will move into the 24th and 25th floors...

Convene Plans to Add More than 1 Million SF in New Space by Late 2019
Shared workspace provider Convene is offering more office space for businesses. Shared workspace provider Convene plans to more than triple its current footprint over the next two years, adding more than 1 million square feet in new space. The New...

Gluck Hires Former Family Dollar Stores Real Estate Exec
Keith Gehl has joined boutique tenant representation firm Gluck & Company as the firm's head of business development and strategy, where he will advise small- to mid-sized retailers looking to expand within the metro New York and Northeastern markets...

Private Equity Asset Manager GoldPoint Partners Signs Full-Floor Lease at 299 Park Ave.
GoldPoint Partners, LLC, a private equity asset manager, signed a full floor, 15-year lease for approximately 30,000 square feet at 299 Park Ave in New York City. The 42-story Fisher Bros. building totals 1.3 million square feet and was constructed...

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