National Commercial Real Estate News From CoStar Group
CoStar's Top CRE News in 2012
Throughout 2012, CoStar News covered the biggest stories in commercial real estate, featuring insightful and timely reporting on the trends and transactions that shaped our industry, with a particular focus on the changes sweeping through the brokerage business. On the last day of the year, we checked our records and identified the most viewed stories over the past 12 months.
By far the single biggest commercial real estate story of the year was...
RFR Acquires Y&R Headquarters At 285 Madison
RFR Holding, in partnership with an undisclosed real estate investment fund, has acquired the property known as 285 Madison Avenue, a 26-story office building in Midtown Manhattan’s Grand Central district.
Advertising and communications agency Young & Rubicam, which is relocating, sold the 1929-vintage property for a reported $189 million. RFR, a privately held Manhattan-based owner and developer, will invest $50 million in a full repositioning...