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The developer is transforming a former office building in Downtown Manhattan to a residential property of studios and one-bedrooms to attract millennials and Gen Z.
The British publication, The Week magazine, along with a communications consulting firm signed leases with Marx Realty in the Midtown Grand Central submarket at 155 E. 44th St.
One real estate legal expert says with this largest-ever real estate fund and the private equity group's wide range of expertise, everything is fair game.
The city charges in its lawsuit that Metropolitan Property Group, the Katris and the agents, along with 18 alleged corporate entities affiliated with the employees, turned at least 130 apartments across 35 residential buildings, including one entire building in East Harlem, into illegal short-term rentals primarily through Airbnb.
Douglas Development Corporation's original loan for the 200-key, 14-story hotel at 1011 K Street NW in Downtown Washington, DC was comprised of $35-million loan held by BHI and a $10.6-million mezzanine piece held by another investment firm.
Didio has executed many major transactions totaling more than $1.5 billion in volume throughout the United States, with a strong focus on the New Jersey/New York Tri-State area.
Scott Henderson comes to Duke Realty after four years as senior vice president with Nappen & Associates, a privately held Philadelphia-based industrial real estate development firm.