New York
NYC Office Tower Trades for $269M
Taconic Investment Partners teamed up with TH Real Estate to acquire the 411,000-square-foot property. The new owners are set to reposition the asset by implementing building-wide improvements.
IKEA to Open First US City Center Store
The new location, which will feature the nation’s first IKEA Planning Studio concept, is scheduled to open in Midtown Manhattan in the spring of 2019.
Square Mile Provides $161M Loan for NYC Office Tower
Borrowers Rockwood Capital and Midtown Equities utilized the financing for the acquisition and repositioning of One Broadway, a 253,000-square-foot, landmark building in downtown Manhattan.
Biopharma Firm to Relocate NYC Flagship
Syneos Health will occupy 86,498 square feet across two floors in a Brookfield Properties-owned premier office building located within the Brookfield Place complex.
Industry Veteran Joins NKF
As executive managing director, Jeff Schotz will lead Newmark Knight Frank’s New Jersey Agency Services team, and will report to David Simson.
How Will Autonomous Vehicles Change CRE Development?
Jeffrey Berman, general partner at Camber Creek, shares his thoughts on how driverless cars will impact several aspects of the business, and how property management strategies would need to change in order to maintain revenue levels.
Manhattan Office Deal Tops SL Green’s Big Day
The office REIT’s biggest news was its entrance into the hot Hudson Yards market, with the purchase of a $440 million property located at 460 W. 34th St.
SL Green Ups Investment in Manhattan High-Rise to $148M
The office landlord has completed the second phase of its preferred equity stake in 245 Park Ave., after an initial investment earlier this year.
Carlton Group Names New CEO
The firm, which is known for capitalizing hard-to-finance deals, was led by founder Howard Michaels until his passing in September.
On the Market: 5 Interesting Listings for November
This month’s listings include a rare retail and office space in Palm Beach Gardens, Fla., an office building in Wayne, N.J., as well as a retail center in Kahului, Hawaii.