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Commercial Observer Announces 2021 CRE Power Rankings Honoring Changemakers At Industry Inflection Point

Commercial Observer Announces 2021 CRE Power Rankings Honoring Changemakers At Industry Inflection Point
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.

Q2 2021 Major U S Hotel Sales Survey | By Daniel Lesser – Hospitality Net

Q2 2021 Major U S Hotel Sales Survey | By Daniel Lesser – Hospitality Net
hospitalitynet.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hospitalitynet.org Daily Mail and Mail on Sunday newspapers.

CalSTRS Buys 1177 Sixth Ave Stake

1777 Sixth Avenue with CalSTRS CEO Cassandra Lichnock (Google Maps, CalSTRS) The part-owner of a 1-million-square-foot Midtown skyscraper has sold its stake at a price that may calm investors anxious over the pandemic’s impact on office prices. UBS Realty Investors sold its roughly 50-percent stake in 1177 Sixth Avenue in a deal that values the 47-story tower at $860 million, sources told The Real Deal. The valuation represents a capitalization rate of roughly 4.5 percent, one source said, which is about where pricing for similar properties was coming in before the start of the pandemic. The buyer is the California State Teachers’ Retirement System, which already owned the other half of the property and now owns the entirety through a partnership with Silverstein Properties.

With 9/11 20th anniversary ahead, Silverstein Properties reflects on World Trade Center rebuild

With 9/11 20th anniversary ahead, Silverstein Properties reflects on World Trade Center rebuild
foxbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foxbusiness.com Daily Mail and Mail on Sunday newspapers.

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