The filing covers a planned 26-story hotel and residential tower across from the Peter Luger Steakhouse.
Capital Markets Remain More than Willing to Finance Multifamily Deals
Even with Fannie and Freddie planning to scale back on multifamily loans, other lenders are ready to pick up market share.
Seven Must Reads for the CRE Industry Today (Dec. 22, 2020)
The Washington Post looks at what’s included in the $900 billion stimulus package. Many employers plan to encourage rather than require their workers to be vaccinated, reports the Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.
Billionaire Reubens Bet Big on Manhattan’s Battered Real Estate
Simon and David Reuben spent almost $2.5 billion on U.S. property acquisitions and financings, including office, retail and hotel assets.
Amazon Closes New Jersey Warehouse After Rise in COVID Cases
The online retailer closed the warehouse in Robbinsville Township until Dec. 26 after a spike in asymptomatic cases.
WMRE's Common Area: Why American Cities Will Thrive After the Pandemic
Matt Pestronk, president and co-founder of Post Brothers, comes on the podcast to discuss why the pandemic has not shaken his faith in the long-term outlook for multifamily assets in U.S. cities.
10 Must Reads for the CRE Industry (Dec. 21, 2020)
Private equity firm Thoma Bravo has struck a deal to acquire property management software developer RealPage for $9.6 billion, reports the Wall Street Journal. Reactions from Marketwatch and The New York Times assess some of the new COVID-19 relief packages measures meant to help renters and whether the deal is big enough to provide the needed jolt to the U.S. economy going forward. These are among today’s must reads from around the commercial real estate industry.
Oracle Lured to Texas by Lower Payrolls and Labor Pool
Oracle has a campus in Austin, opened in 2018 to local fanfare, which it said could eventually house as many as 10,000 workers.
Yields at Risk of Shooting Up as Fed Defers Bond-Buying Changes
The Fed wants to keep long-term rates down because that reduces borrowing costs for individuals and businesses.
10 Must Reads for the CRE Industry (Dec. 19, 2020)
CVS Health and Walgreens have begun distribution of COVID-19 vaccines to residents and staff of long-term care facilities, reports CNBC. Flexible workspace provider Breather has laid off most of its staff and plans to shut more than 400 locations, according to Commercial Observer. These are among today’s must reads from around the commercial real estate industry.