Lenders tend to be cautious on such projects and most investors might be looking for returns that are higher than office building prices right now would support.
Fortress Investment Group and Metro Loft Management are nearing a deal to acquire a stake in the 30-story Financial District building, with plans to redevelop it into housing, according to people familiar with the matter.
While housing starts have slowed for awhile, it won't take much for them to pick up before midyear, even if it means homebuilders need to get more aggressive on price cuts and incentives than they have had to be so far.
Facebook’s parent company signed a 25-year lease on Fibonacci Square, a 375,000-sq.-ft. (34,800-square-meter) office in Dublin, in 2018. Meta has instructed its agent, Cushman & Wakefield Plc, to sublet newly developed blocks to other occupiers...
Related Cos. is teaming up with Wynn Resorts Ltd. to pursue one of three gaming licenses for New York’s downstate area. Competitors include SL Green Realty Corp., which has proposed a casino project in Times Square in partnership with Caesars...
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.
The measure, known as Proposition ULA, boosts the one-time transfer tax to 4 percent for property deals between $5 million and $10 million, and 5.5 percent for transactions of $10 million and above. The current rate on all sales is 0.45 percent.
