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Blackstone Pays $2.6 Billion for Mixed-Use Tokyo Property

Blackstone Pays $2.6 Billion for Mixed-Use Tokyo Property

by Phil Hall | Dec 12, 2024 | Commercial Real Estate News, Current News & Events, International Real Estate News, Market Snapshot, Real Estate News, WRE News Exclusive

Real estate funds managed by Blackstone (NYSE: BX) has paid $2.6 billion to acquire Tokyo Garden Terrace Kioicho, a 2.4 million-square-foot mixed-use property, from affiliates of Seibu Holdings. The transaction is the largest real estate investment by a foreign...
4,000-Unit Net Zero Community Planned for Downtown San Jose

4,000-Unit Net Zero Community Planned for Downtown San Jose

by Phil Hall | Nov 13, 2024 | Current News & Events, Real Estate News, WRE News Exclusive

The real estate developer Westbank has teamed with Pacific Gas and Electric Company (PG&E) on a proposed net zero community that will be located in downtown San Jose. The project seeks to will develop three new data centers and upwards of 4,000 residential units....
Chicago Mixed-Use Building Bought in 2016 for $140 Million Sells for $47 Million

Chicago Mixed-Use Building Bought in 2016 for $140 Million Sells for $47 Million

by Phil Hall | Aug 14, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

A four-story mixed-use building on Chicago’s Magnificent Mile that was last sold in December 2016 for $140 million has changed hands for $47 million, a two-thirds discount. According to CoStar, North American Real Estate (NARE) acquired the 85,000-square-foot retail...
Residential Sales Begin on Manhattan’s New 1,000-Foot Mixed-Used Tower

Residential Sales Begin on Manhattan’s New 1,000-Foot Mixed-Used Tower

by Phil Hall | Apr 10, 2024 | Current News & Events, Industry Updates, Real Estate News, U.S. Housing Market, WRE News Exclusive

The real estate investment and development firm Rabina has begun residential sales for its forthcoming 1,000-foot mixed-use tower at 520 Fifth Ave. in Midtown Manhattan. The new property will be the tallest residential tower on Fifth Avenue, featuring 100 one- to...
Refinancing Secured for Landmark NYC Building

Refinancing Secured for Landmark NYC Building

by Phil Hall | Feb 15, 2024 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The Capital Markets Group at JLL (NYSE:JLL) has secured the $395 million refinancing of 70 Pine St., a landmarked 66-story property in the heart of New York City’s Financial District. The property was built in 1932 as the offices of Cities Service Company (later known...
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