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Office Repositioning Pays Off as SL Green Fills 1.8M SF Tower

SL Green reached full occupancy and secured $2 billion refinancing after a $225 million repositioning at 245 Park Avenue in New York. The post Office Repositioning Pays Off as SL Green Fills 1.8M SF Tower appeared first on Propmodo.

Quantitative Hedge Fund Withdraws From Commercial Real Estate After Failed Fundraise

Two Sigma closed its real estate unit to new capital and cut senior staff after raising less than half its $2 billion target amid industry-wide fundraising challenges. The post Quantitative Hedge Fund Withdraws From Commercial Real Estate After Faile...

Class B Office Visitation Settles Into New Normal at 72% of Pre-Pandemic Levels

Class B office visitation in New York City stabilizes at 72% of pre-pandemic levels, with sharp divergence between well-positioned buildings and struggling assets. The post Class B Office Visitation Settles Into New Normal at 72% of Pre-Pandemic Leve...

Local Investors Step Into D.C. Office Bargains as Institutions Retreat

Smaller investors are acquiring D.C. offices at steep discounts as institutional owners exit the market, planning renovations to capture tenant demand. The post Local Investors Step Into D.C. Office Bargains as Institutions Retreat appeared first on ...

3D Construction Printing Company Lands $1.4 Billion Valuation With Dual-Use Strategy

Icon Technology raises $200 million at a $1.4 billion valuation, scaling 3D construction printers for housing, military, and lunar projects. The post 3D Construction Printing Company Lands $1.4 Billion Valuation With Dual-Use Strategy appeared first ...

Private Lenders Fuel Investor Rush Into Distressed Rust Belt Housing

Debt-service coverage ratio loans bypass traditional underwriting to fund investor acquisition and renovation of distressed single-family homes in Rust Belt cities. The post Private Lenders Fuel Investor Rush Into Distressed Rust Belt Housing appeare...

Trinity Investments lines up $210M refi for SoCal Grand Hyatt resort

A large resort in Southern California’s Coachella Valley has secured more than $200 million in refinancing from Citi. Trinity Investments nabbed $210 million in refinancing from Citi for the Grand Hyatt Indian Wells Resort & Villas, Comm...

Oceanfront Laguna Beach mansion finds buyer at $83M amid tight inventory

An oceanfront Laguna Beach mansion that chased a record-setting asking price over the summer has found a buyer for an eye-watering amount. Car dealership owner David Wilson and his wife, Holly, sold the 1-acre waterfront compound at 100 Rockled...

Battle of the boutiques: Carolwood poaches Drew Meyers from Westside Estate Agency

Drew Meyers has left Westside Estate Agency for Carolwood Estates, The Real Deal has learned. The move to the Drew Fenton-led brokerage comes after Meyers spent more than a decade at Beverly Hills-based Westside Estate Agency, where he was named part...

West LA home to Wine House on market at $15.5M

The Wine House has been a fixture of Los Angeles’ world of oenophiles since the 1970s, an online magazine about the business and culture of the alcohol industry once wrote. The shop might maintain that status for years to come, but the reputation w...

Hilton & Hyland poach frames more flexible contract terms as recruiting flex

Hamstrung. That’s maybe one way of putting how some agents feel when they exit their old brokerage. There’s been enough chatter as the market has consolidated to suggest independent brokerages’ greatest flex is just that: independence – or, a...

Lincoln Property unloads Irvine offices for double 2020 price

Lincoln Property Company has sold its Irvine office building for more than double what it last sold for just six years ago. An entity registered to John Combs, founder of RiverRock Real Estate Group and now an executive vice president at Lincol...