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New York just debuted a $1.6 billion train hall to upgrade its notorious Penn Station, complete with skylight ceilings and a premium lounge - see inside

The new train hall is a welcome sight for New Yorkers who for decades were relegated to an underground labyrinth beneath Madison Square Garden. New York City's new Moynihan Train Hall. Thomas Pallini/Business Insider Moynihan Train Hall a.....»»

Category: topSource: businessinsiderJan 5th, 2021

Mall owner Brookfield will spend $5 billion to save retailers

Property and mall owner Brookfield Asset Management is targeting spending $5 billion to help struggling retailers, as the retail industry reels from the coronavirus pandemic, the company announced Thursday......»»

Category: realestateSource: cnbcMay 7th, 2020

Dallas-based real estate investment firm sells retail portfolio of 27 properties

Dallas-based real estate investment firm Rainier Cos. has sold a 27-property retail portfolio that's had a more than 90 percent occupancy rate for the past two decades. CBRE represented Rainier in the sale, which totaled more than 677,000 square feet.....»»

Category: topSource: bizjournalsOct 10th, 2019

Retail and residential complex in Raleigh changes hands

A Chicago-based real estate firm is expanding its Triangle portfolio with the purchase of an apartment and retail property in Raleigh......»»

Category: topSource: bizjournalsSep 3rd, 2019

Anbang"s Japan properties up for sale, Blackstone seen bidding: sources

China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans said......»»

Category: topSource: reutersAug 14th, 2019

Khazanah, Temasek to sell part of joint Singapore property for about $1.2 billion

A joint venture between Malaysia sovereign wealth fund Khazanah and Singapore state investor Temasek is selling the office and retail units of its DUO property development in Singapore, it said late on Monday......»»

Category: topSource: reutersJul 29th, 2019

HPT to acquire $2B net leased portfolio of stores, gyms, restaurants

Hospitality Properties Trust (HPT) announced a deal to acquire a net lease portfolio from Spirit MTA REIT (SMTA) for $2.4 billion. The portfolio consists of 774 service-oriented retail properties net leased to tenants in 22 different industries. T.....»»

Category: realestateSource: realestateweeklyJun 5th, 2019

Blackstone acquires Hawaii rental portfolio for $211.5M

The transaction marks what may be the first purchase in 2019 for New York-based Blackstone, which had already spent $1.9 billion in the last 18 months buying three Hawaii resorts and another multifamily property......»»

Category: topSource: bizjournalsMay 29th, 2019

Are Simon Property"s Efforts Enough to Battle Retail Blues?

Simon Property (SPG) is likely to keep gaining from its portfolio-overhaul efforts, transformative redevelopments and omni-channel strategies, amid shrinking mall traffic and sto.....»»

Category: personnelSource: nytApr 8th, 2019

Exclusive: Toronto"s Wynn Family Selling $1 Billion Real Estate Portfolio

Pictured: West Lodge Towers at 103-105 W. Lodge Ave. in Toronto.Wynn Group of Companies, one of Toronto's largest multifamily property owners, has agreed to sell more than $1 billion worth of assets.....»»

Category: dealsSource: nytMay 1st, 2018

Greystar Shopping $1.2 Billion Apartment Portfolio Across Three Core Markets

Pictured: Ellipse at Fairfax Corner, a 404-unit property in Fairfax, VA that is part of the 13-property portfolio offered for sale by Greystar.Greystar Real Estate Partners is shopping a 13-property apartmen.....»»

Category: dealsSource: nytMay 3rd, 2018

Will Simon Property"s Efforts Suffice to Battle Retail Blues?

Simon Property (SPG) likely to keep benefiting from the company's portfolio restructuring efforts, amid shrinking mall traffic and retailer ba.....»»

Category: personnelSource: nytJun 19th, 2018

Brookfield to Buy Forest City Realty Trust in $11.4 Billion Deal

(Pictured) Forest City Realty's The Yards, 5.5 million square feet of retail, office and residential property across 25 buildings on 48 acres of Washington, D.C. waterfront. A real estate fund of .....»»

Category: worldSource: nytJul 31st, 2018

Exclusive: From Amy"s Drive Thru to Drake"s Brewing, peek inside SFO"s new retail

Once its $2.4 billion overhaul is complete, the new Terminal 1 will showcase a mix of food, beverage and retail outlets encompassing more than 22,000 square feet......»»

Category: topSource: bizjournalsAug 6th, 2018

From Amy"s Drive Thru to Drake"s Brewing, peek inside SFO"s new retail

Once its $2.4 billion overhaul is complete, the new Terminal 1 will showcase a mix of food, beverage and retail outlets encompassing more than 22,000 square feet......»»

Category: topSource: bizjournalsAug 8th, 2018

Angelo Gordon Raises $1.9 Billion for its Latest Real Estate Fund

Angelo Gordon's latest purchase of a property with an eye toward improving returns is a portfolio of the six-building Centre Pointe park in Walnut Creek, California, last month for $21 million.Alternative .....»»

Category: smallbizSource: nytAug 15th, 2018

Brookfield Property Partners closes on $15B GGP buy

Brookfield Property Partners completed its purchase of the retail REIT GGP Inc. for more than $15 billion yesterday (Tuesday). Bro.....»»

Category: realestateSource: realestateweeklyAug 28th, 2018

Pineapple Awards 2018 Large Hotel of the Year Winner: Andaz Maui at Wailea Resort

The 301-room hotel in Wailea was part of a three-property portfolio Hyatt Hotels Corp. sold to Host Hotels & Resorts earlier this year for $1 billion......»»

Category: topSource: bizjournalsSep 28th, 2018

Link REIT chief: Our portfolio is quite well protected

George Hongchoy, CEO of Link REIT, says the slowdown in China's property market will affect retail sentiment, but most of his firm's portfolio is non-discretionary and very "resilient.".....»»

Category: realestateSource: cnbcNov 15th, 2018

A $3.7 Billion Property Flop Shows the Price of Brexit

Even with an almost 30 percent discount to its asset value, Intu couldn’t complete a sale. That suggests you can’t invest in Britain right now......»»

Category: topSource: washpostNov 29th, 2018