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SL Green is on the hook for The Carlyle Group's lease at 520 Madison Ave. when the company decamps to One Vanderbilt.
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D.C.'s office vacancy remains at record-high levels despite more leases closing in Q2, and it could take years for the market to meaningfully improve.
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Carlyle Group's Rubenstein said a bright spot amid the office market distress is the opportunity to purchase assets from banks at steep discounts.
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A £700M loan facility to First Abu Dhabi Bank secured against the Broadway was set to mature in March 2022.
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Capri Investment Group's Quintin Primo is on the hunt for distressed office properties at discounted prices. Other investors may look to follow his lead.
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The Gateway at Wynwood and a neighboring Chase Bank are headed toward bankruptcy auction in June.
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1.5B SF of office space in the United States is at risk of becoming obsolete and vacant this decade.
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Penzance is selling the Watergate office building to New York-based Steinbridge Group and Dallas-based Lincoln Property Co.
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The Carlyle Group founder said he plans to travel less in the future now that he has adjusted to Zoom meetings, and he expects many people will do the same.
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