Mid-Atlantic
Rouse Properties Takes 2 Malls Totaling 2 MSF for $293M
With the stroke of a pen, Rouse Properties adds roughly 2 million square feet to its portfolio through the acquisition of Chesterfield Towne Center in Richmond, Va., and The Centre at Salisbury in Salisbury, Md.
CBRE Trades 377 KSF Class A Office Building in NJ Suburb
GAF, North America’s largest producer of roofing materials, is moving from its longtime Wayne, N.J., corporate headquarters to a 377,000-square-foot, Class A office building in Parsippany, N.J., in a deal described by CBRE Group Inc. brokers as “one of the largest in the state this year.”
SL Green Signs 266 KSF Lease with MTA in Manhattan
With a new lease in place at Midtown Manhattan’s Graybar Building at 420 Lexington Ave., Metro-North Commuter Railroad Co. will continue to call the 1.2 million-square-foot skyscraper home, but it will be a much bigger home.
Skanska Scores $95M on Sale of Cambridge Life Sciences Building
One year after completing the approximately $70 million development of 150 Second St., a laboratory and office property in the bustling life sciences hub that is Cambridge, Mass., Skanska has sold the property to Alexandria Real Estate Equities for $95 million.
Washington Post HQ Sale Put to Bed for $159M
Graham Holdings, formerly The Washington Post Co., has agreed to sell the 470,300-square-foot office property in Washington, D.C., to Carr Properties for $159 million.
Vornado Refinances NYC’s 11 Penn Plaza for $450M
Vornado Realty Trust has completed a $450 million refinancing of Eleven Penn Plaza, a 23-story, 1.1 million-square-foot Manhattan office building.
Ashkenazy Buys Manhattan’s 625 Madison Ave. for $400M
The ground lessor’s position at 625 Madison Ave., in Manhattan’s Plaza District, has been purchased by Ashkenazy Acquisition Corp. for $400 million from 625 Ground Lessor.
AEW Buys 375-Unit Apartment Building in NYC from Gotham Organization
AEW Capital Management has acquired New Gotham, a 375-unit rental building at 520 W. 43rd St. on Manhattan’s West Side, from the Gotham Organization and its investor member AIG Affordable Housing for a reported $170 million.
WRIT Pockets $307M on First Phase of MOB Portfolio Sale
In two separate transactions with Harrison Street Real Estate Capital, Washington Real Estate Investment Trust closed the sale of office buildings totaling 877,000 square feet, two office assets featuring significant medical office tenancy and a parcel of land for $307.2 million.
50-Story Tower Proposed as Part of NYC Seaport Redevelopment
One month after breaking ground on an upscale mall at Pier 17 at Manhattan’s historic South Street Seaport, The Howard Hughes Corp. is proposing more redevelopment at the site, including a new marina and a mixed-use 50-story hotel and apartment tower.