This Week in Real Estate Numbers
$453M --> The amount that SL Green sold its stake in the land under the iconic Lipstick Building in NYC.
1,100 feet --> The height of the Manhattan tower that Larry Silverstein is backing away from.
$900M --> The size of Coretrust Capital Partners' New Fund that will be targeting Bay Area office spaces.
34 --> The number of floors in SL Green and Pace University’s new student housing building, now the tallest in the world.
$5.3B --> The amount Blackstone is paying for New York’s biggest apartment complex, Stuyvesant Town-Peter Cooper Village.
1,586 --> The number of apartments that Pier 40 will bring to New York’s West Village.
265 --> The number of properties Realty Mogul (whose CEO, Jilliene Helman, recently spoke with Bisnow) now invests in.
$1.4B --> The flow of investments into real estate tech companies (causing potential "bloodbaths" in a fierce competitive environment).
270k --> The number of SF at The Related Cos’ new office at their massive Hudson Yards development.
$50M --> The amount of EB-5 funding Chinese developer Kuafu Properties is requesting for its development at 147 East 86th St in New York.
$68M --> The amount the Harbor Group paid for Thor Equities’ retail condo at 445 Fifth Ave.
$15B to $20B --> WeWork’s valuation as it enters its third round of financing.
3.2k--> The SF of Uber’s brick-and-mortar support center
$7.5B --> The amount Blackstone raised for its fourth European fund.
$407B --> The total amount of global real estate investments, a post-recession peak.
150k--> The SF of Twitch's new office at the upcoming Bush Tower in S.F.
$107.7B --> The amount of private real estate funding in the past three quarters, another post-crisis peak.