NYC Office Building Sells for $255 Million
Savanna, a New York City-based real estate investment manager, owner/operator and developer, has acquired 799 Broadway, a Class-A office building in the Greenwich Village section of Manhattan, for a $255 million. The property was acquired at a discounted price from...
Connecticut Medical Building Sells for $19.1 Million
Holly Pond Plaza, a 73,060-square-foot outpatient medical building in Stamford, Connecticut, was sold for $19.1 million. Built in 1981, the four-floor property is 100% leased to three medical tenants, with Summit Health (Walgreens Boots Alliance) occupying roughly...
Oil Property Acquirer Pays $245 Million for 46,000-Acre Texas Property
LandBridge Company LLC (NYSE: LB), a Houston-headquartered oil property acquirer and land management business, has purchased approximately 46,000 largely contiguous surface acres in Texas’ Southern Delaware Basin for $245 million in cash. The property, known as the...
Blackstone Buys Majority Stake in Jersey Mike’s Sub Sandwich Chain
The New York City-based investment firm Blackstone (NYSE:BK) has announced its acquisition of a majority ownership stake in Jersey Mike’s Subs, a franchisor of fast-casual submarine sandwich stores. The financial terms of the transaction were not disclosed, although...
Report: $560 Million in Cost Overruns on New Buffalo Bills Stadium
The new Highmark Stadium for the NFL’s Buffalo Bills is still on target for a June 2026 opening, but its projected costs have hemorrhaged to $2.1 billion – more than $560 million over its initial estimate. The Associated Press reports taxpayers funding for the project...
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CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
