In Friday’s commercial real estate news – we’ll give you a look at what Brookfield’s $700 million stake in Kushner Tower, new student housing amenities, the new church condo conversions taking over Boston, and so much more.
A unit of Brookfield Asset Management Inc. is considering injecting as much as $700 million of new equity into 666 Fifth Ave. as part of a proposed effort to rescue Kushner Cos.’ indebted Manhattan office tower.
Catch up on the latest in CRE news!
Lazy rivers, tanning beds, rock-climbing walls—resort-style amenities in student housing may be falling out of fashion as the sector faces demographic changes and lingering supply-demand imbalances.
The 117-year-old company said it will take 200,000 square feet of office space at the site, a move that will expand the company’s Technology Center of Excellence for digital and IT operations that support the Walgreens business, as well as some of its parent Walgreens Boots Alliance’s global IT personnel.
LAS VEGAS – Developers and owners should expect to benefit from an ideal U.S. economy into 2019, economic experts said Thursday.
“We are in a goldilocks economy. It’s not too hot. It’s not too cold,” Revathi Greenwood, head of Americas research at Cushman & Wakefield, said. “It’s just right.”
“The rent is too damn high.”
The sentiment may have been made famous by New York mayoral candidate Jimmy McMillan, but it’s been adopted far and wide by renter activists and those worried about affordable housing in the state of California in recent years.
Eastern Consolidated, the Manhattan-based full-service commercial real estate brokerage, will shut its doors at the end of July, Commercial Observer has learned.