Wall Street Journal

Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.

Posted by WSJ on May 17, 2018
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The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump’s son-in-law and adviser.

Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.

Posted by WSJ on May 17, 2018
Wall Street Journal / Comments Off on Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.
The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump’s son-in-law and adviser.

Sportswear-Maker Puma to Open New York Flagship

Posted by WSJ on May 17, 2018
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Germany’s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.

Sign of the Times: New Office Space Created in Retail’s Tumult

Posted by WSJ on February 25, 2018
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Normandy Real Estate Partners’ $133 million deal for the upper portion of ABC Carpet’s flagship store is an example of office space edging into territory that once was retail’s domain.

Sign of the Times: New Office Space Created in Retail’s Tumult

Posted by WSJ on February 25, 2018
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Normandy Real Estate Partners’ $133 million deal for the upper portion of ABC Carpet’s flagship store is an example of office space edging into territory that once was retail’s domain.

Want to Buy a Luxury Hotel in the U.S.? Try China’s Insurance Regulator

Posted by WSJ on February 25, 2018
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When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

Want to Buy a Luxury Hotel in the U.S.? Try China’s Insurance Regulator

Posted by WSJ on February 25, 2018
Wall Street Journal / Comments Off on Want to Buy a Luxury Hotel in the U.S.? Try China’s Insurance Regulator
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

New York’s Commercial Property Slump Shows Signs of Slowing

Posted by WSJ on February 11, 2018
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After a two-year plunge, brokers are optimistic that more deals will take place in 2018.

NYC Council Stops Midtown Tower Construction

Posted by WSJ on December 03, 2017
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Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.

NYC Council Stops Midtown Tower Construction

Posted by WSJ on December 03, 2017
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Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.