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Real Estate Roundup 11.1.19

Real Estate Roundup

Brookfield Place (Credit: Brookfield)

Leasing

Agency for the Performing Arts, a national talent agency, has signed a 21,000 SF at Moinian Group’s 3 Columbus Circle. Asking rent on the 10-year deal was $88 per SF. (CO)

Other news

Katerra is SoftBank’s latest headache. (Information)

Simon Property Group’s CEO David Simon says retail industry is ‘reaching the bottom’ of bankruptcies. (CNBC)

Hudson Yards: ‘Little Dubai’ or Down- to-Earth Neighborhood? (WSJ)

In an interview with Bloomberg, Prologis CEO Hamid Moghadam detailed the company’s expansion strategy. After purchasing Liberty Property Trust for $9.7 billion this month, the company added 107 million square feet of space to its portfolio. (Bloomberg)

The Federal Reserve cut interest rates for the third time this year, but signaled it wouldn’t reduce them further unless the economy slowed sharply. The first two rate cuts this year helped stabilize the housing market, which had been heading for a major slump. (NYTimes)

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