News/Events
2 Major H&R REIT Shareholders Plan To Vote To Block $5B Breakup
Key shareholders oppose the plan to sell the REIT's 107 assets to a group that includes Blackstone and PSP Investments.
Blackstone-Backed Data Center Firm AirTrunk Reportedly Delaying $1.5B IPO
The Blackstone-backed, Australian data center firm is the latest in a series of companies connected to the industry to push back plans to go public.
BlackRock Invests In 3D-Printing Construction Startup Valued At $1.4B
Icon, a leader in 3D-printed real estate, reached a $1.4B valuation following its latest funding round led by BlackRock and Baillie Gifford.
JLL Nabs Brokerage Team With Over 75 Years Combined At Rival CBRE
JLL brought on CBRE stalwarts Kyle Kamin, Dan Lyne, Jon Milonas, Brandon Green, Abigail McFadyen and Joe Davis, effective immediately.
Battersea Power Station Lands £280M Refinancing For Final Phases
Battersea Power Station landed a £280M loan from CIMB, OCBC, Maybank and Standard Chartered to support the development of its remaining 16 acres.
Bath & Body Works to Open 9K-SF Store in Flatiron District
Bath & Body Works is opening a new store in Manhattan’s Flatiron District. The soap and scented lotion purveyor has signed a lease to take over the entire nearly 9,000-square-foot retail portion of 129 Fifth Avenue, according to a source with knowledge of the deal. Bath & Body Works will move into the two-level retail…
PNC Lends $96M for Hawaii Retail Portfolio Acquisition
Aloha to permanent financing. 11North Partners has landed $96 million of acquisition debt for the purchase of a two-asset grocery-anchored retail portfolio in Lahaina, Hawaii, on the island of Maui. PNC Bank supplied the fixed-rate loan to facilitate the $155 million acquisition of the adjacent Lahaina Cannery and Lahaina Gateway properties from an affiliate of…
One Street Secures $38M Loan for D.C. Office-to-Condo Conversion
One Street Commercial Properties has secured $37.8 million in financing to convert a vacant office building in Washington, D.C., into luxury condos. OakNorth and Hickory CRE Lending provided the loan for the redevelopment of 3333 K Street NW, a 70,000-square-foot former office building on the Georgetown waterfront. One Street acquired the property for $19 million…
Eyewear Brand Gentle Monster Takes 29K SF at Kushner’s Puck Building
A luxury eyewear brand has its sights set on one of SoHo’s most high-profile retail vacancies. South Korean eyewear brand Gentle Monster has inked a 28,500-square-foot deal at the Kushner Companies’ Puck Building, Commercial Observer has learned. The lease term is more than 10 years, according to a source with knowledge of the deal. It’s…
