New York
Brookfield Sells Stake in NYC Portfolio for $1.4B
The company announced the sale of a 28 percent stake in its New York City core holdings, as well as plans to sell another 7 percent by early next year.
Magna Hospitality Group Sells 216-Key NY Hotel
HFF worked on behalf of the company to arrange the transaction, and secured a three-year, floating-rate acquisition loan for the buyer.
Boston Properties Invests in NYC, LA Assets
The office transactions, which total more than 3 million square feet and involve partnerships, give the REIT a stake in Manhattan’s 3 Hudson project and West Los Angeles’ Santa Monica Business Park.
On the Market: 5 Interesting Listings for July
This month’s listings include a distribution center in Columbus, Ohio; a vintage church in downtown Minneapolis; and a top-of-the-line office building in Little Falls, Minn.
P3 Properties Inks NJ’s Largest Lease of 2018
Teva Pharmaceuticals USA has taken up 345,000 square feet across three buildings at the company’s MCCBLUE office campus in Parsippany, N.J.
Cresa Adds New SVP in NYC
David Danick has more than 30 years of commercial real estate experience and occupied various senior roles within Coldwell Banker Commercial Advisors and Winoker Realty.
JEMB Realty Scores $235M Loan for Brooklyn Office Project
JLL Capital Markets arranged construction financing for the 34-story high-rise located in the borough’s downtown area. The tower already has two anchor tenants.
Taco Bell Cantina Debuts in NYC
The fast-food franchise’s new location will be strategically situated in a highly transited Manhattan corridor and will welcome its first customers by the end of this year.
NYC’s 30 Hudson Yards Tower Tops Out
With steel crown in place, the 2.6 million-square-foot skyscraper’s height measures 1,296 feet, making it the second-tallest office building in the city.
New Ritz-Carlton to Call Manhattan Home
Atalaya Capital closed $315 million in financing for Flag Luxury Group’s construction of the NoMad hotel, which is slated for a 2021 delivery.