New York
JLL Names New Head of NJ Team
Andrea Alexander will lead the firm’s project and development services team, reporting directly to Terry Harris, managing director & regional COO.
Knotel Signs Another Manhattan Lease
The coworking company signed an 11,940-square-foot, five-year lease in a GFP Real Estate-owned Chelsea office building, joining a roster of tenants including Breather and HSBC.
Monmouth Buys NJ Industrial Asset for $85M
The company has acquired a 347,145-square-foot building in Trenton, upping its portfolio to 112 properties and approximately 21.5 million rentable square feet.
NYC in a Nutshell
Trends to watch in the largest U.S. real estate market—some looming large, others flying under the radar.
Fully Leased NJ Industrial Asset Lands $20M Financing
Principal Real Estate Investors provided the loan for Adler Development’s soon-to-be-completed warehouse situated along the Route 130 industrial corridor.
Tech Company Signs 73 KSF HQ Lease in Manhattan
The ticket platform will relocate from the borough’s NoHo neighborhood to Flatiron District in June 2019, with plans to take up four floors at 902 Broadway.
WeWork Signs Full-Building Lease in NYC
The company will occupy the 138,000-square-foot office segment of the newly repositioned 609 Fifth Avenue building in Midtown Manhattan.
Madison Capital JV Refinances Historic Manhattan Asset
PGIM provided the loan, which will enable the partnership to complete renovations at the landmark building in the Flatiron district.
Fisher Brothers Inks Long-Term Park Avenue Lease
One William Street Capital Management will occupy the LEED Gold-certified building’s entire 25th floor, joining tenants such as Capital One, UBS and GoldPoint Partners.
Newmark Knight Frank Brokers Major Williamsburg Lease
Cornell Realty Group signed a 40,500-square-foot lease at a former industrial building. The five-story property will be redeveloped to include a new facade and modernized lobby and elevators.