Hines recently sold two Manhattan trophy buildings to separate buyers for a total of over $1 billion, according to Commercial Property Executive. J.P. Morgan Asset Management acquired the 31-story, 750,000sf office building at 425 Lexington. The building has been fully … Continue reading →
Annual U.S. sales of Greek-style yogurt have risen from $60 million to $1.5 billion over the past five years, according to Shopping Centers Today (SCT). Sales of Greek-style yogurt now account for 21 percent of yogurt sales – up from … Continue reading →
Joseph Sitt of Thor Equities recently purchased a 35,000sf retail portion at 680 Madison Avenue for $277 million, according to The Wall Street Journal. Before the recession, rents on Madison Avenue between 57th and 72nd streets were as high as … Continue reading →
Hudson Yards is a mixed-use development in Manhattan’s West Side. The 26-acre site for the project is the single largest piece of undeveloped property in Manhattan. It will include office, retail, multi-family and cultural centers. Related Companies (owner of Equinox … Continue reading →
On December 6, Vornado Realty Trust closed on 114,000sf of retail space at Manhattan’s 666 Fifth Avenue, paying $708 million. The space is leased to Uniqlo, Hollister and Swatch. Spanish retail company Inditex (Zara) owns the remaining 38,750sf of retail … Continue reading →