Top of the Market?
That looks like a top of the market price for the Sony Building in the heart of Manhattan's Midtown. Sure it's a trophy building near the most prime locations in one of world's best (and certainly America's top) real estate market(s). But paying $1.1 billion at a time when rents appear to have crested is a swallow hard proposition.
NEWARK, NJ—Being known as PGIM Real Estate Finance globally “reflects how we provide financing around the world from a range of capital sources,” says CEO David Durning.
SAN DIEGO—MBA’s CREF/Multifamily Housing Convention and Expo 2017 opened Day 2 with bankers discussing current market dynamics, competition, regulation, preferred asset classes and their expectations for the future.
The 1950s saw the birth of the shopping mall across the nation, yet the era of destination retail stores, especially clothing stores, has been on a…
This past weekend I visited Minneapolis and experienced the stark differences between a withering downtown retail center and a boomtown retail experience.…