Seniors housing finally cracked the 90 percent occupied mark in the third quarter 2014, and record-high acquisition numbers just continue to grow, according to reports from the industry.
DDR Corp. and the Blackstone Group have purchased 71 shopping centers in a $1.93 billion transaction. New York City and state officials are negotiating with JPMorgan Chase over a potential deal in which the nation’s largest bank would build a vast $6.5 billion corporate campus. Virginia Retirement System and LaSalle Investment Management have launched a $575m joint venture to build US industrial properties. These are among the 10 must reads from around the commercial real estate sector today.
Borrowers have lots of choices as lenders make more and more capital available for commercial real estate, according to the latest report from the Mortgage Bankers Association (MBA), an industry organization.
Cherche Midi means ‘seeking the noon,’ but the French restaurant in New York’s Nolita came by its moniker not because it is primarily a lunch spot.
Newmark Grubb Knight Frank has landed the high-profile leasing assignment for Grand Central Terminal’s retail space, a coup for the company which has made retail a priority in its global expansion.