Mid-Atlantic
Clarion Buys 408 KSF Office Portfolio in Boston’s Blossoming Seaport District for $129M
It’s been a busy couple of quarters for office transactions in Boston’s Seaport District and the change in ownership of the 408,000-square-foot Fort Point portfolio is among the latest.
Kaufman Coughs Up $56M for 120 KSF Office Building in Manhattan’s Midtown South
In Manhattan’s thriving Midtown South submarket, the office property at 27–35 West 24th St. has just come under new ownership.
Pasha Group Sells Prime Midtown Manhattan Development Site
Pasha Group sold 546 W. 44th St., a prime development site located between 10th and 11th avenues in New York City’s Midtown West submarket. Cushman & Wakefield Inc. represented the company in the deal.
Skanska Closes Land Purchase for 455 KSF Boston Office Project
Boston remains high on Skanska USA Commercial Development’s radar and the company has just made another move toward increasing its presence in the city.
Hong Kong, NYC Close Q3 as Priciest Retail Markets
Hong Kong and New York City kicked off 2012 at the top of the list of the world’s most expensive retail markets. Barring any major developments, it appears the globally-coveted shopping metropolises are going to end the year without a threat to their respective first- and second-place positions, judging by CBRE Group Inc.’s third-quarter MarketView research report.
Friedland Properties Buys NYC’s 706 Madison Ave. for $142M
JLL represented BNY Mellon in the sale of 706 Madison Ave., a 19,100-square-foot, premier retail building that was sold to Friedland Properties for $142 million.
Prudential’s Transition from Twardock to Durning Has Deep Roots
Yesterday’s announcement that Prudential Mortgage Capital Co. president David Twardock will retire in April, to be succeeded by David Durning, currently senior managing director and the company’s head of originations, goes back 20 years.
Savanna Completes Sale of Manhattan’s 104 West 40th St. for Reported $100M
Savanna, a New York-based real estate private equity and asset management firm, has completed the sale of 104 West 40th St., a 210,000-square-foot, 20-story Class A office building located next to Bryant Park in Midtown Manhattan, to Princeton International Properties.
Manhattan’s Thriving On The Ave Hotel Lands $80M in Refinancing
The 282-room On The Ave Hotel in Manhattan has been refinanced to the tune of $80 million.
MetLife JV Acquires Constitution Center
Constitution Center, the largest privately owned office building in Washington, D.C., which recently completed a $250 million renovation, has been acquired by a joint venture between MetLife and an unidentified U.S.-based institutional investor.