Mid-Atlantic
Saint-Gobain Inks 320 KSF Lease for New North American HQ
World’s largest building materials company Saint-Gobain has signed a long-term lease for 320,000 square feet of space at its new North American headquarters in Malvern, Pa.
Bijou Breaks Ground on $83M M-F Project in Hoboken
Bijou Properties joined partner Intercontinental Real Estate Corp. to break ground on a 135-unit residential project in Hudson County, which will cost $83 million to bring to fruition.
Soho Properties, MHP Join Hampshire Hotels to Create New Dream Hotel at Times Square
A development team comprising Soho Properties, MHP Real Estate Services and Hampshire Hotels Management has acquired 560 Seventh Ave. in Manhattan’s Times Square, which they will replace in a $300 million project with a new Dream Hotel and 20,000 square feet of luxury retail.
Fallon Co. JV to Develop 516 KSF Office Building in Boston’s Seaport District
Fan Pier, the $3 billion, 3 million-square-foot mixed-use development in Boston’s Seaport District, gets a boost with $204 million in construction financing for its latest tower, the 516,000-square-foot building at 100 Northern Ave.
Constellation Hotels Buys 80% Interest for $240M in InterContinental New York Barclay
Constellation Barclay Holding U.S. has acquired an 80 percent stake in the historic 685-room InterContinental New York Barclay in Manhattan from InterContinental Hotels Group for $240 million.
Blackstone Acquires Nationwide Select-Service Portfolio
The Blackstone Group has acquired a 15-hotel portfolio comprising 1,856 keys located in Alabama, California, Connecticut, Florida, Pennsylvania and metropolitan Washington, D.C., from OTO Development.
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.