Mid-Atlantic
Akridge JV Plans Office Redevelopment in Tysons
Akridge and the Ronald D. Paul Cos. have joined forces to purchase and redevelop the former GEICO building in Tysons, Va. into a trophy office tower.
Extra Space Storage Facilities in Maryland Celebrate LEED Gold Certification
Self-Storage REIT Extra Space has celebrated the LEED Gold Certification of 12 of its stores in Maryland.
Trading Spaces
The numbers are in and September registered some important commercial real estate deals. PropertyShark research shows the nine figure deals were based in Manhattan, outside of the Citibank Tower in Queens, but Brooklyn boasted some hot transactions as well. Here are NYC’s top 10 commercial real estate deals recorded in September 2015. #1 575-589 Lexington Avenue, Manhattan Sale Price: $510,000,000 Buyer: Angelo Gordon & Co Lp Seller: Normandy Real Estate Partners Midtown-based investment firm, Angelo Gordon & Co closed on 575 Lex, a 624,883 SF, 35 story office tower in late August. The building, built in 1958, offers 38…
L&L Packs a Punch with Recap of NYC’s 114 Fifth Ave.
Allianz Real Estate purchased the majority stake in 114 Fifth Ave. in Manhattan for a pretty penny and has formed a new JV with L&L Holding following the recapitalization of the 19-story building.
SL Green’s Selling Spree Continues
The office REIT giant continues shedding Manhattan assets, this time on Third Avenue and Beekman Street, to help pay for a record-setting acquisition.
Bridge Buys Enormous Logistics Center in NJ
The Chicago-based developer has big plans for the Garden State’s powerful industrial market.
Blackstone Splurges on Stuyvesant Town
The multinational private equity firm will be shelling out one of the biggest amounts ever paid for a single property in its deal for NYC’s largest multifamily community.
Lincoln Property JV Brings Adaptive Reuse to Brooklyn
The real estate developer and manager has teamed up with a partner to convert a massive warehouse in Bushwick’s neighborhood into Class A creative office space.
Thor on a Roll in NYC
The New York-based international development and investment firm has snapped up a hometown property yet again, this time in the heart of Brooklyn’s largest business district.
Inland Expands Assets
The retail REIT is following through with its strategy to acquire high-quality, multi-tenant portfolios.