Commercial Real Estate
Thor Equities Acquires Historic NYC Mixed-Use Property for $56 Million
Thor Equities, a real estate development, leasing, and asset management firm, announced its acquisition of 1165 Broadway, a 58,000-square-foot, mixed-use office and retail property in New York City, for $56 Million. Located in Manhattan’s NoMad District, the property...
Sanders and AOC Seek Moratorium on AI Data Center Construction
The Artificial Intelligence (AI) Data Center Moratorium Act would enact an immediate federal moratorium on these facilities. Continue Reading Sanders and AOC Seek Moratorium on AI Data Center Construction
Hyatt Launches New Upscale Hotel Brand
According to the company, the new brand is “designed for travelers who value the essentials and prefer spontaneity over structure.” Continue Reading Hyatt Launches New Upscale Hotel Brand
Father-Son Duo Plead Guilty to Fraud in Bond Offerings Tied to Sports Complex
The Millers pleaded guilty to one count of securities offering fraud and one count of aggravated identity theft. Continue Reading Father-Son Duo Plead Guilty to Fraud in Bond Offerings Tied to Sports Complex
Ethan Penner, Father of the CMBS, Weighs Bid for California Governor
Penner is critical of Gov. Gavin Newsom, particularly in his handling of the Los Angeles County wildfires. Continue Reading Ethan Penner, Father of the CMBS, Weighs Bid for California Governor
Missouri to Hold Special Legislative Session on Funding Kansas City’s Stadiums
The special session begins June 2. Continue Reading Missouri to Hold Special Legislative Session on Funding Kansas City’s Stadiums
Nuveen Launches 1031 Real Estate Exchange Platform
The new platform is structured as an Umbrella Partnership Real Estate Investment Trust (UPREIT) program. Continue Reading Nuveen Launches 1031 Real Estate Exchange Platform
DeSantis: No State Money for Building a New Tampa Bay Rays Stadium
“We are not taking your tax dollars to do any stadiums at the state level,” he said. Continue Reading DeSantis: No State Money for Building a New Tampa Bay Rays Stadium
Strawberry Fields REIT Acquires 9 Missouri Healthcare Facilities for $59 Million
The nine facilities are comprised of 686 licensed beds. Continue Reading Strawberry Fields REIT Acquires 9 Missouri Healthcare Facilities for $59 Million
Office-to-Residential Conversion Approved on 5 Times Square, Former NYC HQ of Ernst & Young
Construction is expected to start in the third quarter of this year, with the first phase anticipated to be completed in 2027. Continue Reading Office-to-Residential Conversion Approved on 5 Times Square, Former NYC HQ of Ernst & Young
Hits and Misses for the Real Estate Week of May 19-23
An unholy misuse of eminent domain, a ritzy Los Angeles mansion with a significant stigma, and a Maine broker running for governor. Continue Reading Hits and Misses for the Real Estate Week of May 19-23
Penn State to Close 7 Campuses
The board voted 25 to 8 to close the DuBois, Fayette, Mont Alto, New Kensington, Shenango Wilkes-Barre and York campuses. Continue Reading Penn State to Close 7 Campuses
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