New York
Top 3 Office Building Sales
PropertyShark compiled the top 3 sales in office recorded in February 2018 in New York City.
Hersha Sells Manhattan Hotel for $32M
The firm traded the 81-key Hampton Inn Financial District as part of its capital recycling program. Solid Rock Advisors advised Hersha on the sale.
The Hampshire Cos. Opens NJ Storage Facility
The new 81,745-square-foot Extra Space Storage marks the company’s 38th facility in total and the seventh in Carteret, N.J.
Carver Bank Relocates Manhattan HQ
Following the sale of its previous location, the bank has signed a 20,000-square-foot lease in a recently refurbished historic building in Harlem, maintaining its 70-year presence in the neighborhood.
Property Management Firm Doubles NJ Office Presence
Constructed in 1984, the building contains nearly 90,000 square feet along Interstate 287 and is leased to a mix of tenants.
NY Shopping Center Lands $19M Financing
The 123,073-square-foot Rosman Center, located in Haverstraw, N.Y., has ShopRite as its anchor tenant. NorthMarq Capital procured the loan on behalf of the borrower.
Pair of NJ Industrial Assets Commands $65M
Sitex Group recently developed one of the buildings and completely renovated the other. Both assets sit in the active New Jersey Port submarket.
C&W Arranges Sale of Manhattan Mixed-Use Building
The four-story asset located at 217 E. Third St., in the East Village, changed hands for $5.1 million. The estate of Michael Mendez was the seller in this transaction.
Levin Management Taps Controller
In her new role, Lai Lau will assist Paul Tavaglione, the firm’s vice president & CFO, with financial reporting and a variety of other functions.
StepStone Group Relocates Manhattan Offices
The private equity firm will occupy 30,000 square feet of space on Lexington Avenue to accommodate its business expansion. It has subleased its former location to a law firm.