Empire State Realty Trust Inc. (NYSE: ESRT) has signed Greater New York Mutual Insurance Company (GNY Mutual) for a new full-floor, 52,116 square foot space in the iconic Empire State Building. “We are pleased to welcome GNY Mutual to our tenant roster at the Empire...
CBRE (NYSE:CBRE) has hired Michael Joyce as vice chairman in its Boston office, where he will join the urban leasing team and focus on investor and occupier leasing. Joyce was previously vice chairman of Cushman & Wakefield’s Boston leasing practice. He worked at...
The Mortgage Bankers Association (MBA) released an updated forecast that predicts total commercial and multifamily mortgage borrowing and lending will reach $576 billion in 2024, up by 29% from last year’s estimated total of $444 billion. The total figure includes...
The Saudi Arabian government has announced a major shift in its economic policies to allow non-Saudis to invest in listed companies that own real estate in the holy cities of Mecca and Medina. The Saudi Gazette reported that Mohammed Elkuwaiz, board chairman of the...
Chicago-based Brennan Investment Group, a private real estate investment firm that acquires, develops and operates industrial facilities, has acquired a 243,650-square-foot facility with an additional 18 acres of contiguous land from Gordon Food Service (GFS) in Plant...
The real estate development company Thompson Thrift announced the acquisition of approximately 20 acres of land for the development of South Bridge Marketplace, a retail property near Phoenix. Construction of the first phase is slated to begin in April. The second...
Hits and Misses for the Real Estate Week of June 22-26
