Mid-Atlantic
Renaissance Centro Breaks Ground on 360-Unit Apartment Community in Reston, Va.
Renaissance Centro has begun construction on Parc Reston, a planned 360-unit multi-family property in Reston, Va., which also features two penthouse levels with views to Tysons and the Blue Ridge Mountains.
Boston-Based Sibley Acquires 2 MSF Historic Rochester M-U Property
Sibley Redevelopment L.P., an affiliate of WinnDevelopment, the real estate development arm of WinnCompanies, acquired the Sibley Building, located in the central business district of downtown Rochester, N.Y.
New Tenants Signed at Bronx’s 285 KSF Throggs Neck Shopping Center
The Throggs Neck Shopping Center in the Bronx, N.Y., will not open its doors until early 2014, but already the tenant roster is beginning to fill up with national and local businesses.
Zeckendorf Kicks Off Development of $500M Condo Project Near United Nations
A groundbreaking event has marked the start of 50 United Nations Plaza, an upscale condominium property adjacent to the United Nations headquarters in Manhattan.
Muss Signs FEMA to 200 KSF Lease for Sandy Regional HQ in Queens; IndCor Donates Space to Red Cross
FEMA has leased about 200,000 square feet at Forest Hills Tower in Queens to serve as its New York City headquarters while it helps residents and business owners in the region recover from Superstorm Sandy. At the same time, IndCor Properties donated 126,000 square feet of space to the American Red Cross, located near hard-hit areas.
Tishman Lands 129 KSF Tenant at Boston’s One Federal Street
Tishman Speyer, owner of the 1.1 million-square-foot tower, just signed an agreement with Iron Mountain for the information storage and management company to occupy the space as its headquarters under an 11-year lease agreement.
Prudential Buys 220 KSF M-F High-Rise in DC
Holliday Fenoglio Fowler represented Federal Capital Partners in the sale of Allegro, a 297-unit, high-rise multi-housing community in Washington, D.C., to buyer Prudential Real Estate Investors, which acquired the asset on behalf of one of its client funds.
Vornado Undergoes $950M Refinancing of Manhattan’s 1290 Avenue of the Americas
Just several months away from completing a redevelopment of 1290 Avenue of the Americas in Manhattan, Vornado Realty Trust and the partnership that owns the 2 million-square-foot, 43-story building have completed a $950 million refinancing of the property.
Greystone, Bassuk Form JV to Focus on ‘Creative’ M-F Financing
Greystone and The Bassuk Organization, both of New York, have formed a joint venture intended to provide expanded real estate and financial services, including “creative debt and equity financing,” to CRE clients with multi-family assets across the United States.
Orbach Group Acquires Manhattan, Pennsylvania M-F Buildings for $70M
The Orbach Group acquired two portfolios totaling 635 rental apartment units across New York City and Pennsylvania for $70 million, increasing its multi-family holdings to more than 5,000 total units.