Blackstone lands $269M loan for acquisition of Parker Towers
The Blackstone Group is financing its $500 million acquisition of the Parker Towers housing complex in Queens with a...
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Konrad Putzier
Brooklyn’s tallest tower may soon rise thanks to massive Silverstein loan
Michael Stern’s JDS Development is in advanced talks to secure a $240 million mezzanine loan from Silverstein Capital Partners...
Brookfield turns to Apollo Global for financing on 666 Fifth Avenue
Private equity company Apollo Global Management is funding Brookfield Property Partners’ redevelopment of 666 Fifth Avenue with a $300...
WeWork “cannibalized” office industry: Moskovits
Landlords were asleep at the wheel in the early days of New York’s co-working boom and are in danger...
Issue
Co-working goes corporate: Why the flexible office biz is ditching the freelancer market for blue-chip clients
The 11-story Beaux-Arts building at 88 University Place in Greenwich Village is the kind of property every co-working company dreams of occupying. Sitting just...
Facing federal scrutiny, HNA in contract to sell 850 Third Ave
After facing federal scrutiny about its ownership of 850 Third Avenue, embattled Chinese conglomerate HNA Group is in contract to...
Co-working’s “bidding war” is in full swing: TRD panel
As co-working companies continue to expand across New York City, they are increasingly fighting over the same vacant spaces....
Behind Roomi’s ruin, allegations of reckless spending and nepotism
This spring, commuters trapped in New York City’s notoriously delayed subway found themselves surrounded by colorful ads for the...
National
Crowdfunding startup RealtyShares to cease investing, faces mass layoffs
Real estate crowdfunding company RealtyShares is set to lay off the vast majority of its staff and faces an...
Issue
The co-working space race
This past spring, the head of leasing at a major office complex in Los Angeles got a surprising phone call from a broker representing WeWork. Just days earlier, the co-working giant had passed on...