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BOSTON—General Electric officially announced Wednesday afternoon that it will be shifting its headquarters operations from Fairfield, CT to the Seaport District here. To help offset relocation costs, GE says it will sell its offices at 30 Rockefeller Plaza in New York City, along with its Connecticut headquarters.
NEW YORK CITY—During its annual press briefing on the prior year, the real estate services firm provided some data points signaling continuing strength and others indicating the beginnings of a correction.
SAN ANTONIO--Strategic Storage Growth Trust Inc. (SSGT), which is sponsored by SmartStop Asset Management LLC, has acquired a self-storage facility for approximately $12.3 million.
CHICAGO, AUSTIN—The Chicago-based firm plans to launch new multifamily communities in its hometown and a collection of fast-growing markets across the South with TX-based Aspen Heights Partners.
QUINCY, MA—The 1199SEIU United Healthcare Workers East labor union will be relocating its operations from long-time leased space in Dorchester to nearly 42,000 square feet of space here later this year.
WASHINGTON, DC—Congress can amend the Federal Home Loan Bank Act if it wants to allow mortgage REITs to be eligible for FHLB membership, says FHFA director Mel Watt.
NEWPORT BEACH, CA—The buyers, a joint venture between Capital Real Estate Ventures, and Orion Investment and Management worked with HFF to arrange $29.6 million loan.
NEW YORK CITY—While Midtown Manhattan is seen as one of the premier locations in the world, brokerage firm Savills Studley reports the district is beginning to lose a bit of its luster.