Mid-Atlantic
HFF Arranges $115M in Financing for M-F Development in Boston
The developers of One Greenway, a Class A multi-housing property that just broke ground along the southern end of the Rose Kennedy Greenway in Boston’s Chinatown, have received $115 million in financing.
Blackstone Closes on East Coast Hotel Portfolio for $186M
Blackstone Real Estate Advisors has closed on a 15-property select-service hotel portfolio in seven East Coast and Mid-Atlantic states after securing $186 million in acquisition financing.
Citi Extends 2.6 MSF Lease Agreement at TriBeca Towers in NYC
An affiliate of Citigroup has signed an extension for its triple-net leases at 388 and 390 Greenwich St. in Manhattan’s TriBeCa neighborhood.
Ramco-Gershenson Buys 461 KSF Shopping Center in Cincinnati Suburb
Ramco-Gershenson Properties has just surpassed the half-billion-dollar mark in its annual acquisitions with the purchase of Deerfield Towne Center, a 461,000-square-foot shopping center in the suburban Cincinnati suburb of Mason, Ohio.
Rockrose Buys 150 KSF NYC Commercial Office Building for $105M
Rockrose Development Corp. has acquired 15 E. 26th St., a 150,000-square-foot boutique commercial office building located on Madison Square Park between Madison and Fifth avenues, from Savanna for $105 million.
Somerset, Pulte Homes Begin Construction on M-U Development in Wood-Ridge, NJ
Construction is underway on a new mixed-use development – Liberty Square at Wesmont Station – in Wood-Ridge, N.J., courtesy of a Somerset Development and Pulte Homes partnership.
Peebles, Elad Buy NYC Landmark Building for $160M
The Peebles Corp. and Elad Group have bought the historic 346 Broadway office building from New York City for $160 million and plan to transform the 115-year-old property into a five-star hotel and upscale condominiums in a $400 million restoration.
Canyon JV to Develop Class A Apartment Project in Prince George’s County, Md., for $93M
Canyon Capital Realty Advisors is teaming with Peter N.G. Schwartz and Hensel Phelps on the development of Apollo Residences at Town Center, a $93 million, 417-unit Class-A apartment project in Camp Springs, Md.
Valeant Takes 310 KSF Lease for New HQ in Bridgewater, NJ
Multinational pharmaceutical company Valeant Pharmaceuticals International is consolidating its multiple locations by moving into its new U.S. headquarters at Somerset Corporate Center IV, located in central NJ.
MetLife, Norges Bank Create JV to Invest in U.S. CRE Market
MetLife and Norges Bank Investment Management have teamed on a joint venture to invest collectively in Class A office properties in key U.S. markets, making its initial investment in One Financial Center in Boston.