Mid-Atlantic
TIAA-CREF, Norges Bank Buy Hall of the Americas
One might surmise that not since the start of the Viking Era in the eighth century has a Nordic invasion of this magnitude been seen, though this one uses joint ventures rather than long ships.
The Chiofaro Co. Receives $500M in Financing for Boston Office Complex
The Chiofaro Co. and an institutional partner have received $500 million in financing for International Place, a 1.8 million-square-foot, Class A trophy office complex located in Boston’s Financial District.
BCRE Acquires 627 Greenwich St. in Manhattan for $106M
Brack Capital Real Estate has closed on its $106 million purchase of a vacant, 12-story commercial building at 627 Greenwich St. in Manhattan’s West Village.
Hershey Trust Trades 218 KSF Shopping Center in Central Pennsylvania
Hershey Trust Co. has traded Hershey Square Shopping Center in Hummelstown, Pa. to Heidenberg Property Group for an undisclosed amount.
Massachusetts Ballot Initiative Opens Door to $800M MGM Resort in Springfield
Two days after voters gave a thumbs down to a ballot measure repealing the 2011 law that allows gaming resorts in the state, the Massachusetts Gaming Commission approved a license to MGM Resorts International to operate MGM Springfield, an $800 million resort casino.
TA Associates Buys 272 KSF Office Tower in Iselin, NJ
TA Associates Realty has acquired 99 Wood Ave. S., a 272,000-square-foot trophy office building in Iselin, N.J.’s resurgent Metropark office market.
Madison Realty Provides $66M in Financing for 3 M-U Properties in Queens
Madison Realty Capital has closed on $66 million in bridge financing for three adjacent properties in Flushing, N.Y., owned by the same borrower, who plans to lease up and stabilize the properties following the refinancing.
ULI Special Report: Insights from NY’s Century-Long Efforts to Become a Global City
A panel of three leading experts offered insights on how the city managed to overcome challenges and create its impressive infrastructure of buildings, bridges, highways, subways, parks and airports at the 2014 Urban Land Institute Fall Meeting that was held in Manhattan in October.
The Rockefeller Group to Acquire Majority Interest in TA Realty
The Rockefeller Group is expanding its global investment management platform with the acquisition of the majority stake in Boston-based TA Realty L.L.C.
ULI Special Report: Strong Rental M-F Market Driven by Record Student Debt, Cautious Millennials
“Do we have a boom or do we have a bust in the multi-family industry?” John Healy, co-founder & principal of Hyde Street Holdings, asked that question as he opened the “Rental Multifamily Housing: New American Dream or Classic Bubble?” panel at the Urban Land Institute’s Fall Meeting, held in Manhattan last week.