National Weekend Edition
UK tax break expiration could hurt struggling retailers
A popular tax break is expiring in the United Kingdom in January, threatening the country’s status as a shopping...
Commercial Real Estate
National Weekend Edition
Turkish mall valued at $1B in deal with Qatar
Turkish investment giant Dogus Holdings AS has agreed to sell a 30 percent stake in a high-end Istanbul shopping...
Thor’s $150M loan on 597 Fifth heads to special servicing
Thor Equities’ troubles at 597 Fifth Avenue are mounting. The firm’s $105 million commercial mortgage-backed securities loan tied to...
Target planning yet another NYC store in Chelsea
Target is opening yet another location in New York City. The big-box retailer has signed a lease at 258...
Two-year Tribeca foreclosure saga continues with lawsuit over $20M
Churchill Real Estate has filed a lawsuit against a company tied to CTW Realty’s Gary Tse in order to...
Adam America secures $63M in financing for Upper West Side project
Adam America Real Estate recently secured two loans totaling $63 million for an Upper West Side development that’s been...
National
Pandemic takes drastic toll on dry cleaners
At J’s Cleaners, business had clawed up to 40 percent of pre-pandemic levels last month. But now, with Covid-19 soaring again, that number is expected to plummet. “If this thing keeps dragging, many small...
National
Real estate deals dominate Opportunity Zones. Is that bad?
Investment in Opportunity Zones is growing at a rapid pace, and so is skepticism about the program — and...
National Issue
Behind Deutsche Finance’s American buying binge
When Deutsche Finance Group looked to crack the U.S. real estate market, it set its sights on a prime...
Prologis picks up Maspeth parcel for $51M
Prologis is broadcasting that the industrial market remains hot in the outer boroughs. The industrial giant picked up 223,000 square feet of land at 48-00 Grand Avenue in Maspeth for $51 million from a...