Mid-Atlantic
Harbor Group Int’l Acquires 55 Broadway for $157M
An affiliate of Harbor Group International has acquired the 358,600-square-foot Class A office property at 55 Broadway in Manhattan from an affiliate of Broad Street Development for $157 million.
HAP Investments to Buy 1 MSF Development Site in Jersey City for $400M
HAP Investments is under contract to acquire 500 Summit Ave., a nearly one-acre lot in Jersey City, in conjunction with its planned development of the Journal Square site into HAP Tower. It comprises a 42-story apartment building, offices and retail.
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Zeckendorf JV to Build 51-Story M-F Tower in Uptown Manhattan
Zeckendorf Development has revealed plans for 520 Park Ave., a 51-story luxury condominium property that will be built in a partnership with Global Holdings and Park Sixty in Manhattan.
Washington REIT Buys Army Club Building in DC for $79M
Washington Real Estate Investment Trust continues repositioning its portfolio with the acquisition of The Army Navy Club Building, a Class A office building in Washington, D.C., for $79 million.
Meridian Arranges $200M in Financing for M-U Commercial Property in NYC
Meridian Capital Group has arranged $200 million in acquisition financing for the mixed-use commercial building at 530 Broadway in New York, on behalf of a venture led by Jeff Sutton’s Wharton Properties.
Diversified JV Buys 15-Acre M-F Development Parcel in Union, NJ
Diversified Realty Advisors in a joint venture with the Fidelco Realty Group has bought a 15-acre residential development parcel at 400 Clermont Terrace in Union Township, N.J.
Simon Baron Grabs M-F Property on NYC’s Upper East Side from Nostra for $105M
Simon Baron Development Group has purchased the 13-story, 65-unit apartment building at 12 E. 88th St. in Manhattan from Nostra Realty for $105 million.
Phase 1 of Wharf, M-U Waterfront Development in DC, Breaks Ground
Development of Phase One of the 24-acre, $2 billion The Wharf project along Washington, D.C.’s Southwest Waterfront got underway this week, eight years after it was proposed.
Related, Oxford Start Construction on NYC’s $700M Hudson Yards Eastern Platform
New York City’s $15 billion, 28-acre Hudson Yards mixed-use project moves closer toward realization with the commencement of construction of the Eastern Platform.
Meridian Capital Arranges $142M for Acquisition of Brooklyn Office Property
Meridian Capital Group arranged a $142 million mortgage for the purchase of an office property in Brooklyn’s Fort Greene neighborhood on behalf of RXR Realty and American Landmark Properties.