We hope your Wednesday is going well! In today’s commercial real estate news: the world’s largest trading floor is up for sale—for cheap, AMC is divesting itself of theaters and learn how to measure multi-tenant office space.
Mission Capital Advisors has been hired to sell the mortgage of the world’s largest trading floor, located in Stamford, Conn. The trading floor once filled with thousands of tenants, but has since been largely vacated. The $149.4 million mortgage is expected to sell for well below that.
In order to complete its acquisition of Carmike Cinemas Inc, AMC has agreed to divest itself of theaters in 15 local markets. A list of the 15 markets can be found in the article.
Measuring the square footage of a multi-tenant office space can be complex and lead to complaints of unfair rent if done haphazardly. Tim Ruffin covers the three ways to measure commercial property square footage—gross square footage, rentable square footage and useable square footage.