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Manhattan Office Leasing Activity Up
The Manhattan office leasing market experienced a jump in activity of 19 percent year-over-year from February 2012, according to the March 2013 Manhattan Marketview Snapshot from CBRE. Leasing activity...
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Midtown Madness: Leasing Still Sluggish in Manhattan’s Priciest Market
Midtown Manhattan, the biggest and most expensive U.S. office market, is still adapting to New York’s post-financial-crisis economy, as technology and new media companies flood into the more affordable...
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State Street Consolidates at 1290 Avenue of the Americas
State Street Bank has signed a 10-year lease for 105,951 square feet at Vornado Realty Trust’s 1290 Avenue of the Americas, a source familiar with negotiations confirmed with The Commercial Observer....
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AXA Puts Two Midtown Properties Worth $4 Billion on Market
AXA Financial has put its 787 Seventh Avenue and the Equitable Building at 1285 Avenue of the Americas on the market and the likely price for the combined four-acre site is $4 billion, sources with...
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Deutsche Bank Finances CalPERS’ Midtown Acquisition With $780M Mortgage...
Deutsche Bank provided a $780 million first mortgage to CalPERS, the California pension fund that acquired 787 Seventh Avenue for $1.9 billion, according to documents filed with the New York City...
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RXR Nails Down $1.2B in Financing for Massive NYC Office Building Sale [Updated]
With big sales come big loans. A partnership between RXR Realty and real estate investor David Werner used $1.2 billion in financing from AIG and Morgan Stanley to fund the much-awaited $1.65 billion...
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UBS Renews 900K-SF Lease at 1285 Avenue of the Americas
Swiss bank UBS has renewed its roughly 900,000-square-foot space at the 1.7-million-square-foot Equitable Building at 1285 Avenue of the Americas, a building RXR Realty and real estate investor David...
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Year in Review: 2016
The last 12 months have brought surprise after surprise—and the commercial real estate world was most certainly not immune to any of those changes. The year began with the expiration of one of the...
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Game of Kohns: C&W’s Steve Kohn Talks Industry Evolution and His 2017 Agenda
Shortly before the winter holidays, Cushman & Wakefield’s Steven Kohn was in true festive spirit. The 57-year old brokerage’s president of equity, debt and structured finance, who oversees a team...
View ArticleKaufman, AXA Land $76M in Acquisition Financing for 40 West 25th Street
Kaufman Organization and AXA Financial have locked down $76 million in acquisition financing for their purchase of 40 West 25th Street in the Flatiron District, sources told Commercial Observer....
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In Syndication: Credit Agricole’s Karen Ramos Makes Lending Waves Post-COVID
If Karen Ramos had been just a little taller, she might have been a flight attendant. The Manila, Philippines native grew up with a passion for travel, and when she didn’t get a call back from the...
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