Jamie LeFrak in contract to buy Pine Tree Drive spec mansion: sources

Jamie LeFrak, vice chairman and managing director of LeFrak, is the latest wealthy New York developer looking to put down roots in South Florida. LeFrak is under contract to buy the spec mansion at 4567 Pine Tree Drive, The Real Deal has learned. Jill Hertzberg of Coldwell Banker’s The Jills team is the listing agent.… Read More Jamie LeFrak in contract to buy Pine Tree Drive spec mansion: sources

Resurgence of the Ground Lease: Q&A With Skyline Properties

Read Full Article >> Skyline Properties is a commercial real estate advisory firm based in Manhattan. Traditionally, Skyline focuses on off-market investment sales, but over the last few years, Robert Khodadadian and his team have garnered attention guiding owners and tenants through the sophisticated yet lucrative process of ground leasing. Commercial Observer’s Industry Insights team… Read More Resurgence of the Ground Lease: Q&A With Skyline Properties

What Does the Federal Government Shutdown Mean for Real Estate?

The federal government’s shutdown stretched into its 12th day today as President Donald Trump keeps pushing for $5 billion to fund his border wall while Democrats still refuse to allocate the cash. Despite a bipartisan meeting set with congressional leaders and a Republican Senate-floated compromise to give $2.5 billion to border security, Trump rejected the… Read More What Does the Federal Government Shutdown Mean for Real Estate?

Education Tech Firm Blackboard Relocating DC-Based Global HQ to Northern Virginia

Blackboard is moving its global headquarters to Northern Va., from Washington, D.C., according to a press release from the education technology firm. The company will consolidate its current D.C. and Northern Virginia offices into one space at 11720 Plaza America Drive in Reston, Va. Blackboard’s Virginia office is already housed at the building, called Plaza… Read More Education Tech Firm Blackboard Relocating DC-Based Global HQ to Northern Virginia

Allianz Provides $135M Construction Take-Out for Baltimore Industrial Property Duo

Tradepoint Atlantic has secured $135 million in loans for two recently constructed Class-A industrial buildings in Sparrows Point, Md. near Baltimore, according to a press release from HFF, which represented the borrower in the transaction. The financing package replaces construction debt on the properties and comprises two separate, non-recourse loans from Allianz Real Estate. A… Read More Allianz Provides $135M Construction Take-Out for Baltimore Industrial Property Duo