Host Hotels adds to NYC footprint with Brooklyn buy
One of Brooklyn’s luxury hotels is in new hands. Host Hotels & Resorts acquired the 1 Hotel Brooklyn Bridge in Dumbo from Starwood Capital Partners for $202 million in cash, the buyer announced. Host bought a leasehold interest, which has 83 years left in its term. The deal works out to more than $1
Bushburg buying 60 Wall Street for $400M
Singaporean sovereign wealth fund GIC is unloading the office tower at 60 Wall Street in the Financial District for about a third of its 2017 value. Joseph Hoffman’s Bushburg Properties is in contract to buy the 50-story, 1.6 million-square-foot property for about $400 million, sources told The Real
MetLife grows again at namesake Manhattan building
MetLife may no longer own its namesake building in Midtown Manhattan, but its infatuation with the property remains as strong as ever. The insurance firm signed a 10-year lease expansion at 200 Park Avenue — the MetLife Building — spanning nearly 48,000 square feet, according to the Commercial Obser
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