News

In an open letter to Brookdale Senior Living shareholders, Litt states that Land & Buildings, along with a leading real estate investment banking team and an attorney at a “highly regarded” REIT law firm, held a session on Nov. 28 with members of the Brookdale Board of Directors that focused on the creation of a REIT that would include Brookdale Senior Living's high-quality properties.

Taconic Investment Partners and TH Real Estate acquired the office and retail building adjacent to Hudson Yards.

Paul Massey's new real estate brokerage has hired a former Cushman & Wakefield managing research director with years of real estate data and tech experience.

In the polling of voters on the city and state incentives, overall 46% are in support of the aid, while 44% are opposed.

The financing will be used to reposition the soon-to-be vacant 478,130-square-foot trophy office building.

The Class A office tower located in the Financial District is currently 93% leased and is home to such tenants as Hill Holliday, Nixon Peabody, Acquia, The Boston Globe, Marcum Accountants & Advisors, DataXu and Morgan Stanley and more than 30 other firms.

Taylor is currently President and COO of Colliers International Group.

"Industrial product like this in and around the Exit 10 submarket is in high demand,” says HFF's Jon Mikula.