The public pension, the second biggest in the nation, is offering $15.7 million in tax-exempt bonds via auction Wednesday. Calstrs’s new headquarters is considered an investment for the pension, which has a prodigious $297.6 billion under management.
A question looming over the industry is whether the legislation will get renewed or if the benefit will fade once the law expires.
Office loan delinquencies and distressed office sales remain subdued, though the sector is facing headwinds.
The Manhattan-based landlord on Monday revealed further details of its casino bid, which includes partnerships with Caesars Entertainment Inc. and Roc Nation, the entertainment agency founded by Jay-Z.
November marked the second consecutive month of total return growth for the FTSE All Equity REIT index.
Developers are still building plenty of units in New York City, but the rental market remains tight with thousands of rent stabilized units held off the market.
As interest rates continue to rise and economic forecasts remain murky, what are commercial real estate investors doing to raise capital and reach their desired returns?
Meta will return its space at 30 and 55 Hudson Yards to landlord Related Cos., according to people with knowledge of the plans, who asked not to be named because the matter is private.
