This Week in Real Estate Numbers
$3.5B – The cost Boston Global Investors CEO John Hynes III (who recently spoke with Bisnow) needed to develop the 6.3M SF Seaport Square mixed-use development in Boston, MA.
1,200 – The number of patented inventions NASA is offering startups for licensing with no upfront costs.
$14.7B – The amount of cash Walmart’s top 10 shareholders lost in only one day.
42% -- The percentage of Republican of primary voters that would support Donald Trump as primary candidate.
$32B – The amount of assets Wells Fargo purchased from GE, which is leaving the financial sector. (The bank also added 3,000 employees.)
$700 M – The cost of 24 floors of Manhattan office space SL Green recently listed for sale.
20k – The SF of Uber’s new office space in Long Island City. Which just so happens to be in the same building as the Taxi and Limousine Commission and Lyft.
35k – The number of people that could live in CITE, a new $1B city being built in the deserts of New Mexico to test alternative energy sources and smart transportation systems (i.e. driverless cars).
$1M-$3M -The cost for each of the 800 condos in Gary Barnett’s One Manhattan Square, which is being marketed mainly to Asian buyers.
$200M – The amount of EB-5 funding Steven Witkoff received for a 900-foot condominium tower on NYC's "Billionaire’s Row."
$400M – The amount of money Bahrain money manager Investcorp's invested in a US multifamily portfolio.
$1B – The cost of LaSalle’s Japanese portfolio the Chicago-based company put up for sale.
$820M – The cost of the retail/warehouse portfolio purchase Prologis has finally closed.
32 – The number of states with increased foreclosure activity in Q3’15.
$1B – The amount of money AFL-CIO plans to commit to affordable housing in NYC.