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Hyatt reports that the acquisition consists of a base purchase price of $480 million, with the potential for Hyatt to invest up to an additional $120 million.
The alternative office space provider will occupy five floors in the Midtown office tower as flexible space continues to be the Manhattan office market story.
A Nashville developer thinks investors should expect 15-18% returns and explains why today's new condo market is a better and safer investment than far more popular apartments.
The brokerage firm reports that Susan Tjarksen, Todd Stofflet and Jason Stevens joined C&W as managing directors on Oct. 1 and are now based in the firm's office at 225 West Wacker Drive.
TH Real Estate, an affiliate of TIAA, provided debt financing of $110 million, which was arranged jointly by the New York City and Washington, DC offices of CBRE Capital Markets.