Articles of the week ending February 21st
KKR Has A Month To Decide On £1.6B Takeover Bid As Its Target Rejects Latest Attempt
By Mike Phillips, Bisnow
KKR has until March 14 to decide on a formal bid for healthcare real estate investor Assura after its latest £1.6B offer was rejected and its partner, USS, dropped out.
Jane Street Tacks on Even More Space at Brookfield Place
By TRD Staff, The Real Deal
Jane Street Capital is expanding its footprint at Brookfield Place’s 250 Vesey Street by 400,000 square feet, bringing its total space to nearly 1 million square feet.
Fed Governors Say No More Rate Cuts Until Inflation Falls
By Matt Wasielewski, Bisnow
Federal Reserve governors signaled no immediate rate cuts due to slow inflation progress, with concerns over strong economic growth and rising wages keeping rates steady.
DOGE Reveals New Information On 100 Federal Lease ‘Cancellations’
By Emily Wishingrad, Bisnow
The Department of Government Efficiency has terminated about 100 federal leases totaling 2.3 million square feet, aiming to cut costs as part of broader federal spending reductions.
CMBS Issuance Headed For A Record Year After Skyrocketing In 2024
By Matt Wasielewski, Bisnow
CMBS issuance is on track for a post-Great Recession record, driven by strong investor demand, increased single-borrower loans, and a shift toward five-year deals, despite rising loan delinquencies.
Cannon Hill Recaps 888 Broadway at Amount Above $200M
By TRD Staff, The Real Deal
Cannon Hill recapitalized 888 Broadway for over $200M, bringing in Williams Equities and Eyal Ofer’s Global Holdings as equity partners, while Netflix remains a key tenant.
Blackstone Nearing Sixth Extension for Willis Tower Loan
By Sam Lounsberry, The Real Deal
Blackstone is negotiating a three-year extension for its $1.3B Willis Tower loan, citing strong financial performance and leasing activity despite office market challenges.
Tilman Fertitta Eyes Zero Bond Acquisition
By TRD Staff, The Real Deal
Tilman Fertitta is in negotiations to buy out the original investors of Zero Bond while retaining its current operators, expanding his hospitality empire.