National Commercial Real Estate News From CoStar Group
CoStar's People of Note (Dec. 30-Jan. 5)
This week's People of Note includes the following markets: Atlanta, Chicago, Denver, New York City, Northern New Jersey, Orlando, Philadelphia, Southwest Florida and Tampa Bay.
NEW YORK CITY
Bermingham Joins USAA Real Estate's NY Regional Office
By Laurie Forbes
USAA Real Estate Co. hired Thomas V. Bermingham as managing director of investments. He is based in the firm’s new northeast regional branch in New York City. Bermi
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...