Business Specialties
Another Big One: Vornado Sells Manhattan’s 1740 Broadway for $605M
Manhattan continues to lead the pack as the town with the biggest big-ticket office transactions in the U.S., as the 600,000-square-foot building at 1740 Broadway fetches roughly $1,000 per square foot. Vornado Realty Trust was the seller.
Skanska to Build $101M Science Museum in Miami
Skanska USA will construct the $101 million Patricia & Phillip Frost Museum of Science, a 250,000-square-foot cultural anchor in Miami.
APF Takes Full Ownership of Building on Manhattan’s ‘Club Row’
APF Properties has taken 100 percent ownership of The Club Row Building at 28 W. 44th St., buying out the 80 percent equity stake previously held by its joint venture partner, Prudential Real Estate Investors.
CPA:18 – Global REIT Acquires Office Campus in Rotterdam
CPA:18 – Global, a non-traded REIT managed by W. P. Carey Inc., has acquired a two-building office campus in the Netherlands, in a sale-leaseback transaction with Royal Vopak, the world’s largest independent tank storage provider.
INTERNATIONAL: W.P. Carey Buys Build-to-Suit Distribution Facility in Poland
Global net-lease real estate investment trust W.P. Carey Inc. has acquired a new, 362,000-square-foot build-to-suit, light-industrial and distribution center in Opole, Poland.
DLC Purchases 518 KSF Power Center in Poughkeepsie, NY
DLC Management Corp. has acquired the Shoppes at South Hills, a 518,000-square-foot grocery-anchored power center in Poughkeepsie, N.Y., from Vornado Realty Trust.
CBRE Strengthens Commitment to Oklahoma, Buys Local Affiliate
CBRE Group Inc. has officially brought its Oklahoma affiliate into the fold. The global commercial real estate services firm recently acquired Tulsa-based CBRE | Oklahoma, after a 15-year relationship.
Skanska to Build Boeing Paint Facility in Charleston
Skanska USA is developing an $82 million, 375,000-square-foot decorative paint facility in Charleston, S.C., for aerospace giant Boeing.
JEMB Leases Store at Manhattan’s Herald Center to Verizon Wireless
JEMB Realty continues leasing up its revitalized Herald Center, a 10-story retail and office property at 34th Street and Broadway, with Verizon Wireless taking 4,500 square feet for its new flagship Manhattan store.
INTERNATIONAL: Katara to Build $1.6B Silver Pearl Hotel in Qatar
Qatar hotel developer and operator Katara Hospitality has unveiled plans for a more than 1,000-key Silver Pearl Hotel to be located one mile offshore near Doha.