A New York-based real estate firm has paid $40 million for a grocery-anchored shopping center just north of Chicago, adding to a buying spree throughout the country.
The healthcare-focused real estate investor Welltower has closed about $23 billion worth of property deals and debt payments as it shifts its strategic focus from medical outpatient clinics to residential facilities for seniors.
Top-tier office properties have not only led New York’s office market rebound, they are increasingly getting lenders to say yes when it comes to financing deals over a billion dollars.
The Federal Reserve cut interest rates Thursday, as many expected, but Fed Chairman Jerome Powell warned that a December cut “is not a foregone conclusion.”
New Jersey is a step closer to becoming Hollywood East, attracting a third major movie studio and helping to advance the Garden State's goal of becoming a global hub for film-and-TV production.
Before the pandemic, a company relocating into new offices in downtown San Francisco was unlikely to merit a press conference attended by the mayor, a prominent state senator and a U.S. congressman.
Retail landlord Urban Edge Properties is bolstering its presence in the Boston area, acquiring a shopping center from and near Harvard University for $39 million.
Swiss watchmaker Rolex is opening a shop in the Williamsburg neighborhood of Brooklyn in another sign of the hip residential enclave’s transformation to become a major New York luxury retail corridor.
The Bank of Canada lowered its target overnight rate by a quarter percentage point to 2.25% in a move commercial property professionals expect to boost activity in the market.
Chinese conglomerate Fosun International has secured a $900 million refinancing of 28 Liberty St. in New York after signing technology firm Stripe to a lease expansion.
Investor and occupier sentiment towards the commercial property sector turned negative in the third quarter as anxieties about the Autumn Budget have grown, according to the latest RICS UK Commercial Property Monitor.
Downtown Los Angeles boosters had reasons to believe the area's struggling office market might finally be turning a corner. Prices seemed to have hit a bottom among recent sales, and some big-ticket leases signaled optimism that tenants are returning.
Faced with the climate emergency and competition from telecommuting, the office market is undergoing radical change. The La Traversée project in Clichy, developed for Icawood by WO2 and restructured by its original architect François Leclercq, offers a concrete and exemplary solution. Take a video tour with Business Immo.
Blackstone’s industrial real estate investment arm has sold three warehouses near Chicago for more than $65 million to continue a recent run of portfolio sales throughout the country.
The latest government shutdown is casting a long shadow over Washington, D.C.’s multifamily market, with industry insiders pointing to weakening demand and shifting renter behavior.
UK property investment remained muted at £8.8 billion in the third quarter, matching the second quarter’s two-year low, according to Lambert Smith Hampton’s latest UK Investment Transactions report, CoStar News can reveal.
