CBRE, JLL stocks take a beating after Brexit vote

CBRE and Jones Lang LaSalle’s stock prices plummeted Friday, amid investor fears that Britain’s vote to leave the European could cripple the companies’ European business. As of 2:20 p.m., CBRE’s stock was down 8 percent for the day, while Jones Lang LaSalle’s stock had fallen by 11.9 percent. Green Street Advisors had estimated that property values in […]

Nonprofit developer Phipps Houses puts 900-unit Kips Bay complex on market

Phipps Houses, one of the city’s most storied affordable housing development firms, is putting its 894-unit Kips Bay Court complex on the market, several sources told The Real Deal.  The majority of the units in the group of eight buildings located between 26th and 29th streets east of Second Avenue are occupied by free market tenants. […]