Fifth Avenue Office Building in New York City Sells for $595M, plus regional news

June 20, 2014

FIFTH AVENUE OFFICE BUILDING IN NEW YORK CITY SELLS FOR $595M

NEW YORK CITY — A partnership led by Thor Equities has purchased a 26-story office building in New York for $595 million. The property, 530 Fifth Avenue, occupies the entire block of Fifth Avenue between 44th and 45th streets. The structure contains about 480,00... More

SOUTHEAST
IDI GAZELEY TO BUILD TWO SPEC INDUSTRIAL BUILDINGS IN METRO ATLANTA
ATLANTA — IDI Gazeley plans to begin developing more than 1 million of square feet of sp...more
HFF ARRANGES SALE OF HOLIDAY INN RESORT LA...
FRANKLIN STREET ARRANGES $7.4M SALE OF MET...
ZIFF PROPERTIES SELLS MIXED-USE PROPERTY I...
STILES ARRANGES 47,000 SF OF LEASES AT FOR...
more news

NORTHEAST
CASSIDY TURLEY BROKERS $43M SALE OF RIVERWORKS INNOVATION CENTER
WATERTOWN, MASS. — Cassidy Turley has arranged the sale of Riverworks Innovation Center ...more
INGERMAN TOPS OUT FINAL PHASE OF COLLINGS ...
IHG OPENS FIRST EVEN HOTELS PROPERTY IN NO...
MADISON REALTY CAPITAL SELLS 20-UNIT MULTI...
GFI REALTY SERVICES BROKERS $3.95M APARTME...
more news

TEXAS
CRESCENT BREAKS GROUND ON 530,000 SF MCKINNEY & OLIVE IN DALLAS
DALLAS, TEXAS — Crescent has broken ground on its 530,000-square-foot McKinney & Oli...more
LUCENT CAPITAL ARRANGES $29.25M LOAN FOR A...
CITYCENTRE FOUR FULLY LEASED, MIDWAY BREAK...
MARCUS & MILLICHAP ARRANGES SALE OF 10,611...
more news

MIDWEST
PRUDENTIAL MORTGAGE PROVIDES $131.7M LOAN FOR SELF-STORAGE PORTFOLIO
CHICAGO — Prudential Mortgage Capital Co. has provided a $131.7 million loan to refinanc...more
MCSHANE TO COMPLETE NEW WALMART NEIGHBORHO...
NGKF CAPITAL MARKETS ARRANGES $40M TAKE-OU...
BOULDER GROUP ARRANGES $1.8M SALE OF CHIPO...
more news

WESTERN
ZEPHYR BUYS CITY BLOCK IN DOWNTOWN SAN DIEGO FOR MIXED-USE PROJECT
SAN DIEGO — Zephyr Partners has acquired a 60,000-square-foot site on Broad...more
PARCLAND CROSSING APARTMENT COMPLEX IN CHA...
JLL’S INCOME PROPERTY TRUST BUYS RANCHO TE...
BLOCK 300 OFFICE BUILDING IN PORTLAND RECE...
SUN DIAL GARDEN APARTMENTS IN CAMPBELL SEL...
more news

Austin Office
Fundamentals Point to Sustainable Growth — 06-20-14
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Minneapolis Office
Brimming with a Renewed Sense of Confidence — 06-18-14
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Denver Multifamily
Apartment Construction Picks Up in Denver After a Lull — 06-17-14
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THE WAR FOR TALENT’S EFFECT ON REAL ESTATE

By Scott Reid

One of the largest challenges facing the business world in the upcoming decades will be recruiting the right talent to help organizations compete and innovate, while at the same time providing the necessary amenities to retain them, according to a recently released report by Cushman & Wake...
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