ubs

CalSTRS deal values 1177 Sixth Ave at $860M

The part-owner of a 1-million-square-foot Midtown skyscraper has sold its stake at a price that may calm investors anxious over the pandemic’s impact on office prices. UBS Realty Investors sold its roughly 50-percent stake...

Former Andy Warhol nightclub sold to UBS for $35M

UBS Realty Investors has purchased the former home of Andy Warhol’s Electric Circus nightclub in the East Village for...

WeWork will renovate the UBS office in NJ

WeWork has scored its biggest design deal yet. The company’s Powered by We division will spearhead the renovation of the UBS office in Weehawken. WeWork launched the venture last year to offer expertise on real estate,...

Hersha and Cindat close $385M loan for Manhattan hotel portfolio

Hersha Hospitality Trust and Cindat Capital Management secured a $385 million loan from UBS and China Merchants Bank for...

Westchester & Fairfield Cheat Sheet: Stamford’s largest empty office space sells for $33M, developers in Yonkers ordered to abide by union labor rules … & more

New York City not in danger of housing bubble: UBS

Vancouver and London topped a list of cities most at risk of a housing bubble, according to UBS Group’s...

Spare a quarter? Manhattan office rents less than 50 cents off from 2008 peak

The average asking rent for Manhattan office space continued to climb during the second quarter to within pennies of...

UBS renews, downsizes at Fisher Brothers’ 299 Park

UPDATED, 6:08 p.m., March 4: Zurich-based UBS AG is further reducing its space at 299 Park Avenue. The bank signed...

CalPERS to sign $1.9B contract for AXA’s 787 Seventh

CalPERS, a California pension fund, is negotiating a $1.9 billion contract to pick up a Midtown office tower at...

RXR close to inking $1.7B contract to buy 1285 Sixth

Scott Rechler’s RXR Realty is close to entering contract to buy a 39-story office tower at 1285 Sixth Avenue...