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Real Estate Roundup 9.11.19

Real Estate Roundup

45 East 22nd Street (Credit: Continuum / StreetEasy)

New to the market 

Blackstone is looking to sell its office tower at 65 East 55th Street (622,00 SF) for more than $800 million. (TRD)

Ceruzzi Properties looks to sell ground under the Lipstick Building. (TRD)


Marquee Brands has inked a 27,811 SF office lease at Vornado’s 330 West 34th Street. Asking rent on the deal was $90 per SF. (NYPost)

Other news 
A Chinese insurer has agreed to sell a luxury hotel portfolio to Mirae Asset Global Investments for more than $5.8 billion, overcoming an unusual stumbling block: A California individual secretly created a series of fake deeds to transfer ownership for up to a half dozen of the hotels. (WSJ)

Lightstone becomes third NYC developer in a week to plan new Tel Aviv bond issuance, targeting $73 million. (TRD)

Bloomberg interviews Gary Barnett on the luxury condo market. (Bloomberg) 

WeWork IPO News

WeWork presses on with IPO, pushing SoftBank into a corner. (Reuters) 

WeWork’s latest threat: Old-school landlords trying to copy WeWork. (WSJ)


Social networking platform for neighbors Nextdoor has raised $170 million at a $2.1 billon valuation. It includes a whopping 247,000 neighborhoods across 10 countries. The platform aims to connect neighborhood residents. It generates revenue from sponsored posts and its real estate vertical for local brokers. (TechCrunch)

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