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Vornado close refinancing deal for Manhattan offices
Vornado Realty have refinanced a New York office building. A commercial property in New York City has received a refinancing loan in order to take advantage of the low interest rates to enhance the...
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Rockrose in talks to buy New York office property
Rockrose Development Corp could buy a New York office building. A New York commercial property could be sold to a Manhattan landlord after the buyer and sellers agreed to continue discussions about the...
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World Trade Center Tower may be seven story retail outlet
One of the WTC buildings is to be seven floors tall. The third commercial office building to make up the World Trade Center is to be capped at only seven stories as the owners look for interested firms...
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New York offices refinance as USA offices struggle
New York offices in $930 million refinancing deal. Commercial property in New York City has benefited from two of the largest refinancing deals which have been completed despite the reluctance of...
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New York drops to sixth in global office rents market
New York is sixth in the office rents market. Hong Kong is top of the global office rental market, with New York City failing to make the top five as fears about the US economy continue. Chinese...
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Empire State Building could become REIT
The Empire State Building may become a REIT in its own right. Documents submitted to the Securities and Exchange Commission suggest that one of the world’s most famous buildings may turn itself into a...
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New York commercial office stake for CPP
Canada Pension Plan are to buy a stake in a New York office. A leading North American retirement trust is looking to buy a significant minority stake in one of New York City’s commercial office...
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New York bank takes on Manhattan offices
New York’s Federal Reserve Bank is to take on Manhattan office space. A downtown Manhattan office property has been sold to one of New York’s largest banking institutions for a price quoted at just...
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The Chinese are investing in New York’s office market
The Chinese are replacing the Europeans in the New York commercial property market. Chinese investors are displacing the European investors as the main source of external income for the Manhattan and...
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San Francisco fastest growing office market in USA
San Francisco is the best performing office market in the USA. The west coast has overtaken the east coast in relation to the best performing commercial office property in the USA, following a report...
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