New York
Marcus Partners Sells New Jersey Office Property for $50M
The company bought 44 Whippany in Morristown, N.J., in 2017 for less than $22 million and completed a $7 million capital improvement plan that year.
Northern New Jersey Warehouse Trades for $85M
The seller, a joint venture led by Harbor Group International, acquired the 550,000-square-foot property in 2018 for less than $60 million.
PGIM Continues Buying Spree With $275M Deal
The company acquired a recently completed 2.2 million-square-foot industrial portfolio in New Jersey.
Brookfield Renewable to Power JPMorgan Chase’s NY Portfolio
The agreement will contribute to the state’s goal of obtaining 70 percent of its electricity from emission-free sources by 2030.
CubeSmart Strikes $540M NYC Self Storage Deal
The blockbuster transaction will add nearly 800,000 rentable square feet to the storage giant’s platform in Queens, Brooklyn and the Bronx.
Top 5 Retail Building Sales—September 2020
PropertyShark compiled the top 5 sales in retail recorded in September 2020 in New York City.
Top 5 Office Building Sales—September 2020
PropertyShark compiled the top 5 sales in office recorded in September 2020 in New York City.
Taubman Centers Sells 760 KSF Connecticut Mall
An arm of home furnishings maker Safavieh acquired Stamford Town Center from the REIT, with plans to revitalize the nearly four-decade-old property.
Pessimism Grows Among New York City Brokers
While the overall figures are discouraging, sector-level results indicate a divergence in sentiment, according to REBNY’s latest report.
Empire State Building Lands 212 KSF Lease
Centric Brands, which had been occupying subleased space, signed a direct lease at the Midtown Manhattan landmark.