CW Capital will sell the 11,232-unit, 80-acre Stuyvesant Town-Peter Cooper Village to The Blackstone Group for $5.3 billion, according to The New York Times. The buyer has agreed to set aside 4,500 apartments for middle-income families and an additional 500 … Continue reading →
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With an area of about five million square feet, Isfahan City Centre is Iran’s largest shopping mall. The center, which is being built in phases, opened in 2012 and is expected to complete in 2016. In addition to 750+ retail … Continue reading →
As of September 1, the average cap rate for all US property types was 5.25 percent,
Continue reading →Fashion retailer American Apparel Inc. filed for Chapter 11 bankruptcy protection on Monday. The Los Angeles-based company which targets the teen and young adult clothing market has not made a profit since 2009,
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New York based Citigroup Inc. will close its remaining 17 branches and pull out of the Massachusetts retail banking market in January, according to the Boston Globe. At its peak, Citigroup had more than 30 branches in the Boston area. … Continue reading →
Prudential Real Estate Investors, the real estate investment management and advisory business of Prudential Financial, Inc. has purchased 500 Eighth Street NW from Boston Properties for $318 million ($977.38/sf), according to the Washington Business Journal. Built in 2007, the ten-story, … Continue reading →
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