Tag Archives: Latest

Ivanhoe Cambridge, Callahan Capital Acquire Manhattan’s 85 Broad St. in Latest Office Buy

Montreal-based Ivanhoé Cambridge, Inc. and its investment partner, Callahan Capital Properties (CCP), have acquired the 30-story, 1.12 million-square-foot 85 Broad St. in New York City for approximately $ 650 million, or about $ 580 per square foot, from a joint-venture between MetLife Real Estate and Beacon Capital Partners. MetLife previously owned the tower before bringing

Read More

Sears Discloses for First Time it May Not Survive, Marks Latest Blow to Dept. Store/Mall Sector

Sears Holdings Corp. (NASDAQ:SHLD) saw its share price plunge this week after disclosing there was “substantial doubt” about its ability to remain in business, raising fresh concerns about the survival of a company that was once the world’s largest retailer. Though the 131-year-old department-store chain said it has enough cash to carry it through 2017,

Read More