Commerce Secretary Lutnick Divests From Newmark
The company is buying back his stock holdings for about $127 million.
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The company is buying back his stock holdings for about $127 million.
The post Commerce Secretary Lutnick Divests From Newmark appeared first on Commercial Property Executive.
The new ownership plans to upgrade the property.
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The firm acquired a power center near Milwaukee.
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JLL Capital Markets represented the seller and procured the buyer.
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In this episode of the REIT Report special series, “Building Resilience,” Joanna Frank, Founder, CEO, and President of Center for Active Design, shares how focusing on health and wellness in the built environment builds resilience by focusing on the human impact of extreme weather events.
The buyer took out $2.5 billion in financing from Bank of America.
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The asset also attracted interest from Blackstone, Tishman Speyer, SL Green and RFR, according to reports.
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New market leaders are emerging, according to Avison Young’s latest report.
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This property comprises 1 million square feet.
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The industrial property will serve as the firm’s headquarters and center for production and distribution.
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The LEED Gold-certified office tower was recently renovated.
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Perform Properties will bring together multiple companies.
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A cybersecurity firm has signed Silicon Valley’s largest new office lease since 2023.
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Commitments exceeded the original target of $4 billion.
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The asset last traded in 2019.
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The eight-story building is part of a 28-acre master plan.
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The property recently lost its anchor tenant.
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The company is developing the project in partnership with Junction Commercial Real Estate.
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The property traded at a significantly higher price than the market average.
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This deal marks the market's largest agreement of its kind so far this year.
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