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Monthly Archives: April 2015

Big CRE Funds Dominating Market for Big Dollars

Private real estate fundraising had its most successful quarter in two years, with 24 private real estate funds reaching a final close and raising $29 billion in institutional commitments, according to Preqin, an alternative assets data and research fi…

Starwood Hotels Puts Itself Up for Sale

Starwood Hotels & Resorts Worldwide Inc., the owner and operator of 1,236 hotels worldwide with 356,392 rooms, has decided to explore a full range of strategic and financial alternatives.

The owner of such brands as St. Regis, Westin and Sheraton said it hired Lazard as a financial adviser to explore strategic alternatives with the goal of boosting shareholder value.

The decision came as the company, which is currently transitioning through…

Freddie Mac Reaches a $100 Billion CMBS Milestone and Growing

Freddie Mac hit a milestone this week when it issued its 80th multifamily-mortgaged back securities offering (K-Deals). The issue propelled the government-sponsored enterprise past the $100 billion mark in these commercial mortgage-backed securities (CMBS), which it began issuing in June 2009.

That’s right, Freddie Mac issued its first such deal in the depths of The Great Recession, when apartment sales were the only game in town. And there appears…

Nike Leases 147,000 SF at 855 Sixth Ave in NYC

Oregon-based athletic wear company Nike has signed an 11-year lease to take 147,000 square feet in a new mixed-use development being built by The Durst Organization at 855 Sixth Ave. in New York City. Nike plans to will move its New York headquarters f…

Office Lease Up (Apr 27) Bloomberg Leases 255,000 SF in Midtown

Information services provider Bloomberg LP signed a 15-year lease for 254,556 square feet covering eight floors at 919 Third Ave. in New York City. The 47-story building is owned by SL Green Realty Corp. and totals about 1.45 million square feet in Midtown Manhattan’s Plaza District submarket, between East 55th and 56th Streets.

Bloomberg’s lease includes space on the 2nd, 10th, 11th floors and the entire 14th – 18th floors, where asking rents…

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