National November 2021 Issue


The games lenders play

After six years and more than $70 million, Nightingale and Friedland just gave up: They handed over the keys.  The 22-story tower at 645 Madison Avenue was a trophy for both firms. The building was Nightingale’s first Manhattan project and added 164,000 square feet to Larry Friedland’s Madison Avenue empire.  Friedland and Nightingale, along with hedge-fund billionaire Bill Ackman, bought the leasehold at 645 Madison for $76 million in October… [more]

Taxing endeavors: Real estate accountants brace for change out of D.C.
National

Taxing endeavors: Real estate accountants brace for change out of D.C.

As Washington lawmakers tangle over the details of President Biden’s economic agenda, real estate investors and their tax advisors...

Taxing endeavors: Real estate accountants brace for change out of D.C.
Investors surf the life sciences wave in the Bay Area
San Francisco

Investors surf the life sciences wave in the Bay Area

You might think San Francisco’s priciest per-square-foot commercial deal was about tech. You’d be wrong: It was KKR’s $1.1...

Investors surf the life sciences wave in the Bay Area
White-hot luxury: Why Chicago’s high-end condo market is booming
Chicago

White-hot luxury: Why Chicago’s high-end condo market is booming

Chicago’s luxury condo market is approaching its all-time annual sales record, outpacing office, retail and middle-income residential as buyers...

White-hot luxury: Why Chicago’s high-end condo market is booming
Wall Street goes long on Hollywood studios
Los Angeles

Wall Street goes long on Hollywood studios

Hudson Pacific Properties has a thing for the movies. Almost 15 years ago, the West Coast real estate firm made its very first purchase, paying $200 million for Hollywood’s Sunset Gower Studios, the former...

Wall Street goes long on Hollywood studios
The Closing: Albert Laboz

The Closing: Albert Laboz

Among New York developers, there’s a certain conceit that goes with the drive and desire needed to reshape a city. Albert Laboz, though, has managed to stay humble. With a portfolio of 75 properties,...

The Closing: Albert Laboz
Stuart Elliott
National

Editor’s note: The next challenges after Covid

We’ve almost got Covid tamped down.  Now come inflation, supply chain disruptions and an emerging global energy shortage, all...

Editor’s note: The next challenges after Covid

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