CapMan Real Estate acquired the property in 2022, with the transaction ultimately closing above the asset’s latest valuation.
CRE Herald
Market analysis, deal insights, and sector research trusted by fund managers, asset managers, and senior executives.
The parent company of Snapchat signed a sublease in New York City that won’t vanish after ten seconds. Snap Inc. agreed to sublease 199,000 square feet at the Vornado Realty Trust’s Penn 2 in Manhattan’s Penn District. The agreement was disclosed in a monthly Colliers report, which noted the deal was the second-largest in Manhattan’s…
For muni investors looking for income, “you can get a nice pickup in yields with AMT [bonds],” said Pat Luby, head of municipal strategy at CreditSights.CreditSights Municipal bonds with interest payments subject to the alternative minimum tax currently appeal to a certain subset of investors. Processing Content For muni investors looking for income, “you can…
Dave:Real estate investors love to say that real estate is local, and today’s headlines are proving that idea exactly. On a national basis, we’re seeing asking prices drop faster than they have in years, but certain cities are seeing surging demand and some places that are attracting new businesses are poised for a quick rebound….
The revised outlook reflects the cumulative weight of economic uncertainty, slower population growth, elevated borrowing costs, and modest income gains — forces that CMHC said are expected to keep would-be buyers cautious well into the second half of the year. Geopolitical pressures compound the domestic picture. The ongoing US-Iran conflict is forecast to temporarily lift…
A new women-founded collective in Houston is hoping to meet commercial real estate firms’ needs for affordable contract marketing, consulting and other services as they grow to scale. More than 60% of commercial real estate firms have considered outsourcing operational capabilities in recent years, according to Deloitte. Houston-area firms such as SVN | J. Beard…
The price of average fixed-rate mortgages rose this week due to renewed turmoil in the Middle East, according to the latest Moneyfacts rate watch. The average two-year fixed rate rose from 5.46% last week to 5.5% on 17 July, whereas the typical average five-year fix rose from 5.48% to 5.52%. Long-term fixed rates saw the…