Commercial News for 9/16/14
WSJ.com: Commercial Real Estate
Staten Island's Emerson Hill, Hidden in Plain View
Emerson Hill offers grand estates, elaborate gardens, narrow winding roads and sweeping views of the Verrazano-Narrows Bridge and New York Harbor as well as privacy for its residents.
Gherkin Building Gets a Big Apple Push
Savills Studley and Deloitte have a team in New York marketing 30 St. Mary Axe., a London office tower known as the Gherkin for its pickle-like shape and expected to fetch around $1.1 billion.
What's the Deal: News Digest
A roundup of commercial property transactions from across the tri-state region.
Zillow-Trulia Merger Scrutiny Hinges on View of Ads
The FTC's antitrust review of the merger between real-estate portals Zillow and Trulia will hinge on whether the agency considers the market for all home-listing advertisements, or just those that run online.
Lehman's Land Legacy
Lehman Brothers Holdings continues to sell prime California land left over from its ill-fated partnership with SunCal during the boom years.
Miami Beach Venture Taps New York Hotel Executives
Faena District, the massive $1 billion hotel, retail and condo project under way in Miami Beach, has hired two top New York hotel executives as the luxury development gets ready to launch into an increasingly competitive hospitality market.
$190 Million Deal for Former Flophouse in Times Square
New York real-estate investor Joseph Chetrit has agreed to pay more than $190 million to acquire the Hotel Carter, a 600-room former flophouse in Manhattan's Times Square, according to people familiar with the matter.