Commercial Real Estate
4-Building Connecticut Office Park Sells for $58.5 Million
The property covers 945,000 square feet within the larger six-building, 1.5 million square feet Merritt 7 complex. Continue Reading 4-Building Connecticut Office Park Sells for $58.5 Million
New Theme Park to Focus on Count Dracula
An opening date has not been set, but organizers expect it to be ready either later this year or in early 2027. Continue Reading New Theme Park to Focus on Count Dracula
Real Estate Attorney Sean Thorsen Joins Seward & Kissel
Thorsen previously practiced with a real estate finance group at both DLA Piper LLP and McDermott Will & Emery LLP. Continue Reading Real Estate Attorney Sean Thorsen Joins Seward & Kissel
Historic Rhode Island Hotel to be Demolished After Extensive Fire Damage
The Harborside Inn opened in 1879 and is listed on the National Register of Historic Places. Continue Reading Historic Rhode Island Hotel to be Demolished After Extensive Fire Damage
Fortress Investment Group Pays $1 Billion for Capital One’s CRE Loan Portfolio
The sale comes as Capital One seeks to reduce its risk exposure from the commercial mortgage sector. Continue Reading Fortress Investment Group Pays $1 Billion for Capital One’s CRE Loan Portfolio
Grosvenor Donates $250K to PREA Programs to Encourage Commercial Real Estate Careers
Funds will be distributed over five years to PREA Foundation to support two programs designed to introduce students to the fundamentals of commercial real estate. Continue Reading Grosvenor Donates $250K to PREA Programs to Encourage Commercial Real Estate Careers
Hits and Misses for the Real Estate Week of Aug. 14-18
Warren Buffett’s investment in homebuilding stocks, a derelict home offered to buyers for a dollar, and a halt to construction on a San Francisco tower. Continue Reading Hits and Misses for the Real Estate Week of Aug. 14-18
David Zackowitz to lead real estate investments at Greenbacker Capital Management
He was previously a managing director at Blackstone, the world’s largest alternative assets manager. Continue Reading David Zackowitz to lead real estate investments at Greenbacker Capital Management
Real Estate Attorney David Herman Joins McDermott Will & Emery as Partner
Herman’s law practice is focused on commercial real estate transactions across the full spectrum of asset classes. Continue Reading Real Estate Attorney David Herman Joins McDermott Will & Emery as Partner
Colliers Names Badal Yagnik as CEO for India
Before joining Colliers, he was a managing director at Cushman & Wakefield. Continue Reading Colliers Names Badal Yagnik as CEO for India
CBRE Reduces Near-Term Lodging Sector Outlook, Citing Weak Summer Demand
CBRE pointed out a 1.2% year-over-year decline in demand during the second quarter, the first decline since the post-pandemic recovery began two years earlier. Continue Reading CBRE Reduces Near-Term Lodging Sector Outlook, Citing Weak Summer Demand
Commercial/Multifamily Mortgage Originations Down 53% From Last Year
Decreases in originations for all major property types led to the year-over-year decline. Continue Reading Commercial/Multifamily Mortgage Originations Down 53% From Last Year
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