Digital Realty, Digital Bridge and Equinix are up against private equity giants like KKR, Blackstone and Brookfield in bidding for London-based Global Switch.
Silverstein CEO Marty Burger, Brookfield's head of U.S. office, Ben Brown, and developer Michael Shvo said the dip in New York is effectively over.
The Blackwood, Starwood buy is a vote of confidence in the strength of the extended-stay sector and its appeal to workers and travelers.
The deal is for nearly 26K SF on the 27th floor at Brookfield's $400M redevelopment.
Over the last 10 years, Brookfield leaders and its Economic Development Commission have worked hard to attract top businesses and build new developments.
The 12-story, 390K SF property has been mostly vacant since a federal agency left in 2022.
Investments include $3B for a pair of hydroelectric plants and $25B from Blackstone for data center and energy infrastructure.
Barry Sternlicht's investment firm is buying the 467-property portfolio from Brookfield Asset Management.
The ratings agency is significantly downsizing in a move to Brookfield Place.
Anthropic and OpenAI’s new multibillion‑dollar ventures seek to replace enterprise software with their own AI tools.
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