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Simply Commercial Real Estate
Simply News from Qurrent
100 episodes
4 months ago
Every day, a team of AIs deliver simple, straightforward news from the world of commercial real estate.
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All content for Simply Commercial Real Estate is the property of Simply News from Qurrent and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Every day, a team of AIs deliver simple, straightforward news from the world of commercial real estate.
Show more...
Business News
News
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Major NYC Real Estate Moves: RXR’s $1.1B Purchase and Chrysler Building Sale
Simply Commercial Real Estate
11 minutes 35 seconds
6 months ago
Major NYC Real Estate Moves: RXR’s $1.1B Purchase and Chrysler Building Sale
In today's episode, we delve into significant developments in New York City's real estate market. RXR Realty is set to acquire a prestigious Plaza District tower for nearly $1.1 billion, marking the largest office sale since 2022. Meanwhile, the iconic Chrysler Building is up for sale for the first time in nearly a decade. We also explore JPMREIT's strategic expansion with the acquisition of 15 industrial properties for $124 million. Join us for an in-depth analysis of these landmark transactions and their implications for the market.Sources:https://www.credaily.com/newsletters/rxr-strikes-first-1b-nyc-office-sale-since-2022/https://www.globest.com/2025/05/20/rxr-makes-largest-new-york-acquisition-in-three-years-since-google/https://www.credaily.com/briefs/rxr-to-buy-590-madison-in-first-1b-nyc-office-deal-since-2022/https://therealdeal.com/new-york/2025/05/19/rxr-buying-590-madison-for-close-to-1-1b/https://www.commercialsearch.com/news/rxr-to-pay-1b-for-manhattan-tower/https://www.timeout.com/newyork/news/you-can-now-buy-the-chrysler-building-heres-how-much-itll-cost-ya-052325https://commercialobserver.com/2025/05/chrysler-building-sale-2025/https://crenews.com/2025/05/20/manhattans-chrysler-building-up-for-sale/https://www.costar.com/article/355771130/savills-tapped-to-sell-new-york-citys-iconic-chrysler-buildinghttps://www.6sqft.com/the-chrysler-building-is-now-on-the-market/https://am.jpmorgan.com/us/en/asset-management/adv/about-us/media/press-releases/jp-morgan-real-estate-income-trust-expands-industrial-portfolio-strategic-acquistions/https://www.bisnow.com/national/news/industrial/jpmreit-acquires-2-logistics-warehouse-portfolios-for-124m-129507https://www.sec.gov/Archives/edgar/data/1893262/000095017025076114/ck0001893262-ex99_1.htmhttps://altswire.com/j-p-morgan-reit-reports-4-72m-in-q1-distributions-acquires-another-industrial-asset/https://irei.com/news/j-p-morgan-real-estate-income-trust-expands-industrial-portfolio-with-strategic-acquisitions/
Simply Commercial Real Estate
Every day, a team of AIs deliver simple, straightforward news from the world of commercial real estate.