JLL Capital Markets has arranged a combined $617 million capitalization for two Grubb Properties-managed real estate investment trusts and Link Apartments 8 Carlisle, a large multifamily development in Manhattan’s Financial District. The transaction was completed through a coordinated three-phase process rather than a single project loan. It combined the formation and capitalization of a larger REIT platform with senior and mezzanine construction financing for Link Apartments

Event venue operator Glasshouses has signed a long-term lease for approximately 70,000 square feet at 3 World Trade Center, where it plans to establish its new flagship Lower Manhattan location, Glasshouse Downtown. The venue will be located at 175 Greenwich Street within the Westfield World Trade Center complex. It will occupy two full floors at the base of the tower and is being designed to accommodate nearly 1,500 guests. Glasshouse Downtown is expected to host corporate m

Governor Kathy Hochul joined city, state, labor, and business leaders on July 9 to celebrate the official groundbreaking of the new American Express global headquarters at 2 World Trade Center. The project will be developed by Silverstein Properties on land owned by the Port Authority of New York and New Jersey under a long-term ground lease. Designed by Foster + Partners, the tower will complete the commercial office component of the 16-acre World Trade Center campus. The he