Mid-Atlantic
Ivanhoé Buys 51% Interest in NYC’s 1211 Avenue of the Americas
Ivanhoe Cambridge continues to expand its U.S. office holdings with the acquisition of the majority stake in 1211 Avenue of the Americas in Manhattan for $850 million.
EPR Buys Camelback Mountain Resort in Poconos for $70M
EPR Properties has closed on a transaction to acquire the Camelback Mountain Resort in Tannersville, Pa., for approximately $70 million.
Brandywine, Shooshan Co. JV to Develop 427 KSF Office Building in Arlington, Va.
Brandywine Realty Trust and an affiliate of The Shooshan Co. have formed a joint venture to build a 426,900-square-foot office building in Arlington’s Ballston submarket.
Onyx, Rubenstein JV Grabs 282 KSF Office Building in Central NJ
In a JV, Onyx Equities and Rubenstein Partners acquired 211 Mount Airy Road, a 282,000-square-foot Class A office building in Basking Ridge, N.J.
Dune, Penzance JV Acquires 188 KSF Office Building in DC for $64M
Federal Capital Partners and Penzance have sold the office building at 1101 Connecticut Ave. NW, in Washington, D.C. to a new joint venture, well, half-new. Penzance teamed up with Dune Real Estate Partners to acquire the downtown asset for $64 million.
Mayer Brown Signs 187 KSF Lease in NYC’s Rockefeller Center
The Rockefeller Group has completed an 187,000-square-foot lease with Mayer Brown at 1221 Avenue of the Americas, a 50-story office tower anchoring the western border of Rockefeller Center between West 48th and West 49th streets.
Citi, Simone Provide NMTC Financing for Metro Center Atrium in the Bronx
Simone and Citi Community Capital, acting in partnership with Monge Capital, provided New Markets Tax Credit financing for the construction of the 370,000-square-foot project which, as home to many healthcare and social services providers, will help fill the gap in medical services in the area.
Harrison Street Completes Largest Self-Storage Portfolio Sale of 2013
Public Storage REIT has acquired a portfolio of 43 self-storage properties totaling 22,500 units in five states from Harrison Street, accounting for the largest self-storage portfolio transaction of 2013 so far.
Trio of Lenders Provide $850M for Tysons Corner Center Refi
Prudential Mortgage Capital, Northwestern Mutual and TIAA-CREF each chipped in $283 million, for a total $850 million, to refinance Tysons Corner Center in metro Washington, D.C.
Sumitomo Relocates, Expands to 98 KSF at 300 Madison Ave. in NYC
Sumitomo Corporation of America went on the hunt for newer, more efficient digs near Grand Central Terminal for the relocation of its North American headquarters in New York City, and it has found just that at 300 Madison Ave.