News/Events
Manga Hotels Pays $50M for Second NYC Hotel Acquisition
The Chelsean New York Hotel has traded hands for $50 million. The Lam Generation, led by Jeffrey Lam, offloaded the 158-key hotel at 158-162 West 25th Street to Manga Hotel Group in what is the second transaction between the two in a little over a year, according to a deed transfer in property records made…
JCPenney Creditors Sue For Damages After $934M Deal For 117 Stores Collapses
A deal to buy 117 stores fell through, and now JCPenney's creditors want at least $150M in damages.
CyrusOne Data Center Contributes To $4.6B Of New Distress
Four asset classes report $4.6B in new distress, with CyrusOne's data center adding to the rise in distressed commercial loans.
National Park Service Considers Transferring Yosemite Land To Developer
The National Park Service's potential Yosemite deal could boost access to the national park for a nearby property owned by developer Kingsbarn Realty Capital.
New Market Reality Prompts Restructure At European Giant
Union Investment Real Estate restructures its divisions amid market changes and adds social infrastructure to its acquisition strategy.
The Pain In NYC's Biotech Market Is Hitting Harlem Hardest
Depleted research funding and speculative projects have left the Manhattan neighborhood with a significant portion of the city's empty lab space.
Texas Governor's Data Center Power Pause Gets Split Verdict From Developers
Data center industry leaders are split on the wisdom of Texas Gov. Greg Abbott's pause on data center grid connections in the Lone Star State.
AEW Adjusts Deployment Plan For $1.8B Real Estate Fund
AEW's $1.8B fund seeks mispriced assets amid rising rates, focusing on senior housing and multifamily.
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