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Acquisitions

Real Estate Roundup 7.12.19

Financing

Jeff Sutton’s Wharton Properties and Brookfield Asset Management have signed a term sheet with French lender Natixis and Apollo Global Management for a $900 million loan to refinance the 92,000-square-foot retail condominium at the Crown building. (TRD)

Acquisitions

Alexandria Real Estate Equities acquires a warehouse at 47-50 30th Street (52,500 SF) in Queens from Prestone Realty for $25 million. (C)

Silverstein Capital Partners in negotiations to step in at 125 Greenwich Street. (CO)

Leasing 

Korean food hall KFF signs a 22,927 SF lease at 218 West 40th Street. Asking rent on the deal was $100 per SF. (CO)

The Consulate General of Japan re-upped its 58,244-square-foot lease at Fisher Brothers’ 299 Park Avenue. Asking rent on the deal was in the mid-$90s per SF. (CO)

New Jersey bike shop Hilltop Bicycles will open a 2,000 SF shop on the ground floor of 175 Delancey Street in August. (CO)

Other news 

Head of powerful construction trade group to step down. (Crain’s)

Real estate companies amass cheaper—but riskier—short-term debt. (WSJ)

Israeli bondholders to hire legal firm in standoff with Starwood. (CO)

Rent reform laws stir woes in NYC’s real estate industry. (NYPost) 

Who needs Amazon? Big technology companies are doubling down on NYC by adding millions of square feet in office space and creating thousands of new jobs. (WSJ)

Realogy lawsuit alleges that Compass engaged in illegal activity. (WSJ)

The juiciest claims in the Realogy vs. Compass lawsuit. (TRD)

A different lawsuit settled… Zillow Group and Compass settle no-compete dispute between real estate heavyweights. (GeekWire)

Opendoor partners with Redfin to expand Home-Flipping reach. (Bloomberg)

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