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Acquisitions

Real Estate Roundup 8.7.19

Blackstone negotiating to buy 11 warehouses near JFK. (Crain’s)

Detroit Rock City: Behind GFI’s turnaround of a neglected hotel. (CO)

ABS, AEW, East End Capital ink 99-year ground lease at 136 East 57th Street. The partners plan on renovating the 110,000 SF office and retail building. (TRD)

The Walt Disney Company plans to construct a 19-story, nearly 1.3 million-square-foot building at 4 Hudson Square that would have “East” and “West” towers. (TRD)

Barneys NY, the department store chain that once defined a certain Manhattan creative cool, confirmed weeks of speculation by announcing at midnight on Monday that it was seeking bankruptcy protection in order to restructure its business and pursue a sale. (NYTimes)

Yield Curve blares loudest U.S. recession warning since 2007. (Bloomberg)

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