Mid-Atlantic
BCRE Trades The James NY Hotel for $85M
Brack Capital Real Estate, a global real estate investment and development company, has sold The James New York, a luxury hotel in the popular SOHO neighborhood, for approximately $85 million to an undisclosed buyer.
Engineering Firm Nears Milestone at $1B NYC Office Tower
The temporary halt in development of Boston Properties’ 1 million-square-foot office project at 250 W. 55th St. in Midtown Manhattan grows smaller and smaller in the rearview mirror as building activity moves closer toward completion, and Arup is the latest participant in the endeavor to achieve a major goal.
$130M in Financing Secured for Manhattan’s 800 KSF Paramount Building
The Paramount Building, a landmark Manhattan office tower carrying the address of 1501 Broadway in Times Square, is among the latest assets to benefit from the lending community’s fondness for New York City.
SL Green, Vornado Fill 100 KSF at 280 Park Ave. in NYC
L Green Realty Corp. and Vornado Realty Trust recently locked in two tenants to occupy two full floors at Manhattan’s 280 Park Ave., the 1.2 million-square-foot office tower that the co-owners are presently redeveloping to the tune of $125 million.
Redevelopment of Bronx Armory to Create World’s Largest Indoor Ice Sports Facility
The iconic — but long-vacant — Kingsbridge Armory in The Bronx will be redeveloped into the world’s largest indoor ice facility.
Chetrit, Clipper Land $115M in Financing for NYC Flatotel Project
Chetrit Group and Clipper Equity have taken a major monetary step forward with their plan to add new luxury condominiums to the Midtown Manhattan market.
NYC’s First Apartment Building Composting Program Unveiled
The Helena apartment building on Manhattan’s West Side is the first in New York City to offer residents regular food scrap collection through the city’s Organics Collection Program, according to The New York City Department of Sanitation (DSNY) and The Durst Organization.
Beneficial Bank Inks 15-Year Lease in Philly High-Rise
Beneficial Bank, the oldest bank in Philadelphia, has signed a 15-year lease at 1818 Market St., taking four floors and 95,764 square feet in the million-square-foot high-rise owned by Sovereign Capital Management Group.
MTA Picks Transwestern to Manage 2 MSF NYC Portfolio
Transwestern will manage a 2 million-square-foot portfolio in the New York City region, including 2 Broadway in Manhattan, for the Metropolitan Transportation Authority.
Hollister Breaks Ground on Newest Addition to Teachers Village in Newark
Teachers Village, an education-centric mixed-use project in Newark, N.J., graduates to a new level with the groundbreaking on another residential building that will grace the $150 million development.