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Blackstone Scores $99M Financing Package for 44 Wall Street From Deutsche...
A few months into its ownership of the once embattled 44 Wall Street, Blackstone Group has secured $98.7 million in new debt on the property between William and Broad Streets. Deutsche Bank and...
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Deed-in-Lieu Complete for $92M University Mall in Vermont
A deed-in-lieu of foreclosure has been completed for the University Mall in South Burlington, Vt. Research completed via the land records office confirmed that the deed was recorded in the name of the...
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Herald Square’s Gerard Nocera On Chelsea, Music Studios and the Lipstick...
Gerard Nocera, a co-founder and managing partner of the real estate investment and management firm Herald Square Properties, has experienced virtually every aspect of the commercial real estate...
View ArticleWealth Management Firm of Blackstone Co-Founder Moves Within Midtown
Peterson Management, which manages the family assets of Peter Peterson, a Blackstone Group co-founder and former Lehman Brothers chief executive officer, is heading to the former Citigroup headquarters...
View ArticleClosing 40 Stores, Bon-Ton Sets Off CMBS Alarm Bells
Fittingly, Cyber Monday brought yet another downbeat omen for nationwide retail tenants. The Bon-Ton Stores’ announcement this month that it will close 40 stores—15 percent of its total portfolio—could...
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Mack-Cali’s Michael DeMarco Talks Jersey City and the REIT’s Boardroom...
For a New Yorker who seldom makes the trip across the Hudson River, a walk along the Jersey City, N.J., waterfront can be a revelation. Glassy office and residential buildings, many of them new...
View ArticleTen Years Later: What Did the Financial Crisis Teach Us?
Back in 2007, a hedge fund manager attended a Van Cleef & Arpels dinner at Daniel. It was a ridiculously opulent affair with models walking around the table showcasing the luxury jeweler’s goods....
View ArticleSoCal Industry Roundup: Shakeup at JLL
The latest round of hires and promotions on the West Coast included major changes at JLL. Michael Zietsman and Christine Lyle left executive positions at the brokerage and announced the launch of...
View ArticleCOVID Dings the Conventional 10-Year Office Lease in Manhattan
Once upon a time, when coworking companies bestrode the Manhattan office market like Colossus (its most prominent firm becoming the largest occupier of space), some wise analysts divined that the days...
View ArticleBlackstone Mortgage Trust Elevates Katie Keenan to CEO
Blackstone Mortgage Trust (BXMT) has promoted Katie Keenan from president to CEO, as part of a leadership change following eight years of growth since a re-initial public offering (re-IPO), the real...
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Katie Keenan Ready for Market Rebound as New Blackstone Mortgage Trust CEO
In 2006, Katie Keenan moved to New York City and took her first investment banking job, at Lehman Brothers. An industry baptism by fire, the Bethesda, Md., native was soon juggling a move to the big...
View ArticleEvergrande Collapse Unlikely to Impact US CRE Market, But Might Have Some Upside
Life is not so grand for China Evergrande Group. That doesn’t mean the blues for U.S. real estate investors or owners, however. The Chinese property giant is saddled with more than $300 billion in...
View ArticleTrez Capital Expands Bridge Lending Business With UBS Hire
After a more than seven-year run at UBS, Justin Driscoll was drawn to tackle a new challenge as part of Trez Capital’s initiative to bolster its bridge-lending platform from coast to coast. Driscoll...
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On the Money: North Bridge’s Laura Rapaport Demystifies C-PACE
At an industry conference earlier this year, an attendee stood up at the end of a panel discussion, raised his hand and asked a question about the use of Commercial Property Assessed Clean Energy...
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Green Thumb: BGO’s Jonathan Epstein Has Traversed a Few Crises in His Time
“It’s better to be lucky than good” has been something of a mantra for Jonathan Epstein, a managing partner at BentallGreenOak (BGO), throughout his career. And, what a career it has been. Today,...
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