News
Cushman & Wakefield Arranges Sale of New York Shopping Center
The $35 million deal marks the second collaboration between the company and Ashkenazy Acquisition Corp.
Manhattan Mixed-Use Project Lands $79M Financing Deal
Real Estate Equities Corp. secured a combination of senior and mezzanine debt for its 10-story project in Greenwich Village.
Monmouth Lands Larger, Extended Revolving Credit Facility
The New Jersey-based net-lease industrial REIT negotiated a total of $300 million in unsecured credit, along with an accordion feature, extended maturities and interest-rate swap.
Ryan Cos. Gets $55M for Phoenix Office Asset
The LEED Gold building in the Camelback Corridor sold for a record $306 per square foot.
Safehold Inks $180M Manhattan Ground Lease Agreement
The Third Avenue property located close to Grand Central Station has undergone capital improvements since 2004.
World’s Highest Retail Rents in 2019
Hong Kong’s Causeway Bay secured a second year at the top of Cushman & Wakefield’s 2019 “Main Streets Across the World” report. The city’s retail market has changed during the third quarter, however.
New Jersey Retail Center Scores $32M Refi
The Hampshire Cos. owns the asset, Veterans Square Town Center, which is anchored by a ShopRite store.
Lee & Associates Brokers $26M Industrial Portfolio Sale
An entity affiliated with KOAR Institutional Advisors acquired the eight properties in Glendale, Calif.
San Diego-Area Creative Park Sells for $23M
The fully leased, three-building property came online in 1989 and recently underwent renovations.
California Investor Acquires Phoenix Office Asset
The five-building asset constructed in the 1980s recently underwent major renovations.