Mid-Atlantic
Winthrop Snaps Up 4 Class A Apartment Buildings for $246M
Winthrop Realty Trust has agreed to buy four Class A luxury apartment buildings from ST Residential for an aggregate price of $246 million.
Fairway Market to be Anchor Food Market at Hudson Yards
Fairway Market has become the latest company to lease space in the South Tower of the Hudson Yards project, taking nearly 46,000 square feet on the ground floor of the first office high-rise to be built in the 28-acre mixed-use development on Manhattan’s West Side.
Morgan Stanley Fund Grabs 50% of Boston Trophy Building
In a deal that was first reported by Bisnow, a Morgan Stanley real estate fund has acquired the Blackstone Group’s 50 percent share of One Post Office Square, a 40-story office building in Boston’s financial district, for a reported $550 million.
Skanska USA Develops Office Tower for PricewaterhouseCoopers in Boston’s Seaport Square
Skanska USA Commercial Development Inc. is investing $265 million in a 440,000-square-foot office building in the Seaport District of Boston that will be occupied primarily by PricewaterhouseCoopers.
Clarion Sells One Metro Center in DC to Jamestown for $307M
Clarion Partners has completed the sale of One Metro Center, a seven-story, 415,300-square-foot, trophy Class A building in the East End submarket of Washington, D.C., for $307 million to Jamestown Properties.
Hudson’s Bay’s Saks Buy More About RE or Retailing?
When it raised the possibility of creating a REIT, assuming its proposed $2.9 billion merger with Saks Inc. goes through, Hudson’s Bay Co. also raised the question of whether the acquisition is more about the retailing or more about the real estate?
Eastdil Gets $100M in Financing for Meridian’s Purchase of 3 Class A Office Towers
Eastdil Secured arranged more than $100 million in financing for The Meridian Group’s acquisition of three Class A office towers owned by Science Applications International Corp. in the Northern Virginia submarket of Tysons Corner.
$3B Merger Saves Saks, Gives Canadian Co. Greater Growth in U.S.
Combined companies Saks Inc. and Hudson’s Bay will operate 320 stores, and possibly create a REIT.
Arden Group Acquires 243 KSF Office Center, 258-Room Hotel in Dallas
Arden Group of Philadelphia made its first purchases in the Dallas area this week – the 258-room LeMeridien Galleria hotel and the Atrium at Office Center, a 10-story, 243,109-square-foot office building in Las Colinas, Texas.
400 KSF Long Island Office Portfolio Changes Hands
CenterSquare Investment Management Holdings, known as Urdang Capital Management until prior to July 1, and Ivy Realty have sold Crossroads Corporate Center and Crossroads Executive Center, two multi-building office parks on Long Island, N.Y.