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The Week in Real Estate Numbers


$1k/SF --> The record price for 140 New Montgomery in San Francisco.

$2.5B --> JP Morgan Chase's agreed settlement with both Lehman Brothers ($1.42B) and bond insurer Ambac ($995M).

$2B --> The price Citigroup paid to buy back their NYC HQ from SL Green.

$8B --> The price tag on Blackstone's acquisition of BioMed Realty Trust, which closed this week.

2.4M SF --> The size of the Switch's Supernap Digital Exchange Campus in Las Vegas, making it the largest data center in the world.

70% --> Blackstone's fall in profits in Q4'15 in the wake of the market's volatility. 

900 --> The number of rentals being developed by David Barry's Ironstate at URBY Staten Island. The development will also have 35k SF of retail space and an on-site farm.

200 --> The number of franchised locations Circuit City eventually wants to reopen over the next couple of years. 

3.3% --> San Francisco's unemployment rate after a drop in December, placing it a full percentage point below the national rate.

$5.4B --> The price tag on Sam Zell's 23,262-multifamily apartment portfolio, which Zell and Equity Residential sold to Starwood Capital Group. 

$450M --> The amount of Chinese capital Bizzi & Partners Development, Aronov Development and Halpern Real Estate Ventures secured to fund a planned 115-unit condo building at 565 Broome Street.

$50M --> The amount of capital real estate investment startup Cadre raised a in a Series B funding round. Backers included General Catalyst, Jack Ma (Alibaba), Thrive Capital’s Joshua Kushner and his brother, real estate developer Jared Kushner, who are also strategic advisers.

$14.3B --> The amount MetLife's $500B investment portfolio that was put into commercial real estate, the most in 140 years. 

$217 T --> The total global value of real estate in 2015, according to a Savills research. 

500 --> The number of McDonald's restaurants that that will be shut down this year. 

$200 --> The nightly rent for Brooklyn entrepreneur's Patrick Horton's "boutique winter igloo for two."

7.22M SF --> The amount of office space that the City of New York owns, making them the largest office tenant in Manhattan.

$3M --> The amount the international law firm Reed Smith wants to  untangle the estate of deceased billionaire venture capitalist and former Yale economist Pentti Kouri.

16 --> The number San Francisco apartment buildings Veritas Investments and Ivanhoé Cambridge purchased for $200M. 

$400M --> The new price tag for the Museum of Modern Art's expansion after certain aspects of the original design were cut.