Mid-Atlantic
Q&A with Bellwether, Cumberland Execs on $700M Cleveland Lakefront Project
Ross Halloran, senior vice president of Bellwether, and Dick Pace, president of Cumberland Development, chat with Commercial Property Executive about taking on one of the largest multi-family construction projects in Cleveland.
Marcus & Millichap Sells 8-Property Self-Storage Portfolio for $91M
An eight-property portfolio of Best Florida Storage locations in Broward County, Fla., totaling 854,800 rentable square feet has sold for $91 million, or $106 per square foot.
Keystone, Mack-Cali JV Buys Curtis Center in Philadelphia for $125M
In a joint venture, affiliates of Keystone Property Group and Mack-Cali Realty Corp. have bought Curtis Center, a Class A office and retail property nearby Independence Hall and Washington Square Park in Center City of Philadelphia.
Morgan-Olayan JV Snaps Up Mid-Atlantic M-F Portfolio
A joint venture between Morgan Properties and The Olayan Group has acquired a large multi-family portfolio in the Mid-Atlantic region. Berkshire Property Advisors sold the properties, most of them located in the Baltimore-Washington metropolitan area, for a total price of $309 million.
Silverstein Launches Sales Inside Tallest Downtown NY Condo Tower
Developer Silverstein Properties has launched the sales at 30 Park Place, Four Seasons Private Residences New York, Downtown, in the Tribeca part of Manhattan.
Carey Watermark Buys Manhattan’s Courtyard Times Square West Hotel for $95M
Carey Watermark Investors has made its second Manhattan acquisition, buying The Courtyard Times Square West, a 224-room select service hotel, for $95 million.
PCCP Provides $98M Loan for Construction of 269-Unit M-F/ Retail Property in Suburban Boston
PCCP has emerged victorious in the bid to furnish Northland Investment Corp. with financing for the construction of Moody & Main, a new mixed-use multi-family property just outside of Boston.
Skidmore, Owings & Merrill to Lead Development of Philadelphia’s 30th Street Station Master Plan
Skidmore, Owings & Merrill, in association with Parsons Brinckerhoff, OLIN and HR&A Advisors, has been chosen to develop a comprehensive joint master plan for the area around Philadelphia’s 30th Street Station by Amtrak, Drexel University and Brandywine Realty Trust.
Starwood Hotels & Resorts Signs 430 KSF Lease for Global HQ in Stamford, Conn.
Starwood Hotels & Resorts Worldwide Inc. has signed a new 430,000-square-foot, 20-year lease for a planned expanded global headquarters at One StarPoint in Harbor Point.
Gaming and Leisure Buys Meadows Racetrack, Casino in Washington, Pennsylvania for $465M
Gaming and Leisure Properties, a REIT that spun off from Penn National Gaming late last year, has acquired The Meadows Racetrack and Casino in eastern Pennsylvania for $465 million from Las Vegas-based Cannery Casino Resorts.