News
Amazon Selects New York City and Northern Virginia for New Headquarters
Amazon HQ2 will be Amazon’s second headquarters in North America. We expect to invest over $5 billion in construction and grow this second headquarters to include as many as
50,000 high-paying jobs – it will be a full equal to our current campus in Seattle. In addition to Amazon’s direct hiring and investment, construction and ongoing operation of Amazon HQ2 is expected to create tens of thousands of additional jobs and tens of billions of dollars in additional investment in the surrounding community.
Amazon estimates its investments in Seattle from 2010 through 2016 resulted in an additional $38 billion to the city’s economy – every dollar invested by Amazon in Seattle generated an additional $1.40 for the city’s economy overall.
Amazon Selects New York City
Why Amazon's HQ2 might be better for New York than for Virginia
By Lydia DePillis, CNN Business
Updated 8:53 AM ET, Sat November 24, 2018
Commercial Real Estate News
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Commercial real estate expected to bounce back in the coming year
Daniel Geiger
Falling from peaks in 2014 and 2015, commercial sales transactions and prices are showing signs of reviving after a "quintessential correction"
Office condos are bright spots in otherwise bleak sales marketMore commercial brokers are turning to condos as overall sales have fallen 50%
The Real Deal
PHOTOS: Hodges Ward Elliott’s 2017 holiday party
To happy holidays … and more deal volume in 2018.
The December celebration hosted by commercial brokerage Hodges Ward Elliott attracted hobnobbers from across the industry, including owners and developers such as Leslie Himmel, Taconic Investment Partners’ Charles Bendit, Alchemy Properties’ Ken Horn and Allianz Real Estate America’s Gary Phillips.
Tishman Speyer hunting for massive construction loan at the Spiral: sources
Rob Speyer and and rendering of The Spiral (Credit Getty Images and Credit: BIG/Tishman Speyer)
Joe Sitt’s Thor finally closes on purchase of James hotel
JLL goes high tech to track shopping habits
Brokerage wants to provide buyers, sellers and tenants with more info on consumer habits
JLL signed a deal with a firm that analyzes pings sent from mobile devices to track consumer shopping habits, the latest indication that the notoriously low-tech commercial real estate industry moving to catch up with the times.
Akelius picks up Park Slope rental buildings for $35M
Company purchased properties at 181-182 Prospect Park West and 409-421 14th Street
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181 and 182 Prospect Park West
Akelius Real Estate Management has closed on a pair of Park Slopedeals for a total of roughly $35 million, sources told The Real Deal.
By Eddie Small and Mark Maurer |
