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Monthly Archives: January 2016

SL Green: Even Manhattan Has its Limits

The blisterring Manhattan office market may be losing energy – literally, according to SL Green Realty’s CEO Marc Holliday.

After SL Green posted strong results for the fourth quarter, Holliday gave an unvarnished assessment of the city’s office leasing, investment and financing market in his company’s fourth quarter earnings conference call late yesterday.

Holliday cited volatility in the overall global market and said that, while he expected…

CoStar’s People of Note (Jan. 29)

It’s time to update those contact managers with CoStar’s People of Note, reporting news on significant new CRE hires and promotions. This week’s issue includes the following markets: New York City, Northern New Jersey, Orange County, Atlanta, South F…

Citigroup Buying HQ Back from SL Green

Citigroup Inc. is exercising an option to buy back its two-building office complex at 388-390 Greenwich St. in Manhattan’s Tribeca neighborhood for $2 billion.

The financial services giant designated the 40-story office complex as its global headqu…

Big CRE Brokers Race to Bulk Up Retail Offerings

With retail real estate inching closer to finally hitting the sweet spot in its cycle, large CRE services companies have been steadily expanding their retail brokerage, property management and advisory capabilities.

In addition to keeping pace with…

Ashford Trust To Shop 62 Hotels

Ashford Hospitality Trust Inc. has decided to put 62 of its hotels up for sale, which constitute about half of its holdings. In addition to upping the number of hotels it now plans to sell, the company also said it will pursue a different, and perhaps …

Prologis Expects E-Commerce Expansion, Tight Logistics Supply to Help Offset Mixed Industrial Growth Indicators This Year

Demand for bulk warehouse space by e-commerce and other occupiers in the U.S. industrial real estate market should result in robust market conditions for Prologis Inc. (NYSE: PLD) through this year. This despite concerns from some analysts about weakening industrial indicators and the ripple effect from China’s economic slowdown, the CEO of the world’s largest industrial real estate company told investors Tuesday.

Record-high occupancy of 96.9…

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