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RXR Closes in on $1 Billion Deal for Madison Avenue Office
RXR has finalized a significant deal to acquire the Plaza District skyscraper at 590 Madison Ave. by placing a $50 million deposit. Approximately 3.5 weeks prior, the company signed a letter of intent to purchase the building from the STRS Ohio state teachers’ pension fund for nearly $1.1 billion.
Blackstone Secures $1Billion Refi for Multi-State Industrial Portfolio
Blackstone Real Estate Income Trust (BREIT), the firm’s nontraded REIT, recently refinanced a portfolio comprising 59 industrial properties spanning 13 states. This was achieved by securing a $1 billion CMBS loan that was originated late last month. The syndicate of lenders for this loan includes Goldman Sachs, German American Capital Corp., Barclays Capital Real Estate Inc. and JPMorgan Chase. This is an interest-only, floating-rate loan with an initial term of two years and featuring three additional one-year extension options.
Carr Properties Sells Downtown D.C. Office Building to Shorenstein
Carr Properties sold the building at 901 K St. NW to Shorenstein for $84.3 million, according to documents filed with the D.C. Recorder of Deeds. The company originally developed the 219,000-square-foot property, located near the convention center, in 2009 and subsequently renovated it in 2021. Its current tenants include Baker Donelson; Seward & Kissel; Unite Here Local 25; and Microsoft.
Top U.S. Metros Where Millennials Can Put Down Roots & Thrive in 2025
We ranked the nation’s major industrial markets in Q4 2024 based on several indicators such as rent growth, vacancies, online searches and more. See the full list here.
The New Gen Z Hotspots: 2025’s Best Mid-Sized U.S. Cities for Starting Out
Big cities used to be the default for young adults chasing opportunity, but that’s no longer a given. For many Gen Zers, priorities have moved toward balance, community…
Miami Tower Attracts Surge in Office Leases
Towering over the intersection of Second Street and First Avenue in downtown Miami, the iconic Miami Tower has recently attracted new tenants, as well as inspired existing tenants to renew and even expand their office leases in the building.
Empire Capital Inks $130 Million Deal for 2 Midtown South Office Buildings
Empire Capital, a London-based private investment fund known for acquiring discounted office properties, is reportedly set to purchase two Midtown South buildings — 381 and 373 Park Ave. S. — for $130 million. These pre-war buildings have been owned by the Hemmerdinger family’s ATCO Properties for decades.
Headwall Buys Unanchored Retail Property in San Antonio
Headwall Investments made its 18th shopping center acquisition with the purchase of the Tower at Boerne, a thriving unanchored retail property near San Antonio that is fully leased to a diverse mix of businesses catering to the surrounding communities.
Workbox Plans Its Largest Coworking Space in Chicago
Workbox has set its eyes on the Chicago Loop Civic Opera Building to be the home of what will be the company’s largest U.S. coworking space to date.
Austin’s Talent Development Secures Top Spot Among Southern Innovation Hubs
When an area displays a significant concentration of skilled professionals — particularly in fields like technology, science and engineering — along with the infrastructure to develop and employ top talent, it creates a powerful engine for economic growth and innovation on a much larger scale.
