Mid-Atlantic
NGKF Tapped to Lead Retail Leasing at NYC’s Grand Central Terminal
Newmark Grubb Knight Frank has won one of the most coveted retail leasing assignments at one of the best-known sites in the country: Grand Central Terminal.
Chicago’s Bridge Development Partners Opens NJ Office
Chicago-based Bridge Development Partners is continuing to expand along the East Coast by opening an office in Parsippany, N.J., and adding two new principals to run it.
Boylston Gets $57M in Financing for 157-Key Boston Hotel
Residence Inn Boston/Back Bay Fenway has been attracting the attention of Boston visitors since its opening last year, and now the 175-key extended-stay property has caught the eye of the lending community.
Greater Newark Housing Partnership Develops 2 Dozen Affordable Apartments in Newark, NJ
Greater Newark Housing Partnership has teamed with Parkmont Housing and Redevelopment to build 24 new affordable apartments in Newark’s Fairmount Heights neighborhood, inside an abandoned South 10th Street building, which once served as a psychiatric hospital.
Deka Immobilien, Ashkenazy Acquisition JV Buys Manhattan Retail Condo
German real estate company Deka Immobilien GmbH and Ashkenazy Acquisition Corp. have teamed up for the first time to acquire a two-level luxury retail condominium at 522 Fifth Ave. from Morgan Stanley.
Construction Begins on $230M First Phase of M-U Project in Philly
East Market, a mixed-use project spanning a full city block in Philadelphia’s Center City, has moved from the drawing board to the ground as construction commences on the $230 million first phase of the four-acre development.
W.P. Carey Buys 236 KSF R&D Facility in Metro Boston
W. P. Carey has acquired for about $56 million the U.S. headquarters and R&D facility of Schneider Electric USA Inc.
Anbang Acquires Waldorf Astoria NY for $1.95B
Anbang Insurance Group Co. has acquired the historic Waldorf Astoria New York from Hilton Worldwide Holdings for $1.95 billion, although the U.S.-based hotel chain will continue to operate the property for the next century.
Colliers Arranges $175M Loan for Granada Highlands in Malden, Mass.
Colliers International has arranged $175 million in financing through JP Morgan Chase for Granada Highlands, a gated multi-family community in Malden, Mass., owned by Metropolitan Properties of America.
BRP, Goldman Sachs JV to Leverage Residential Development in NYC, NJ
BRP Cos. is launching a $75 million investment fund that will leverage upwards of $250 million of new residential development in the New York City metro area and New Jersey.