New York
Duke Realty Buys 3.1 MSF Industrial Portfolio
With this acquisition, which includes six newly constructed buildings and two sites for future development, the company’s New Jersey footprint has increased to 5.6 million square feet.
Rubenstein, Vision Real Estate Ink Twin NJ Office Deals
The longtime joint venture team purchased Phases I and II of the former Morris Corporate Center IV in Parsippany, N.J. The partnership is set to renovate and rebrand the five-story trophy buildings.
Lightstone Secures Financing for 3rd NYC Moxy Hotel
The company has received $91 million from the Bank of the Ozarks to build Moxy East Village, a 285-key hotel at 112-120 East 11th St.
Executive Spotlight: George Grace, G.E. Grace & Co.
Following a stint managing Mohr Partners’ New York office, George Grace has relaunched his commercial brokerage and consulting firm G.E. Grace & Co. Grace spoke with CPE about his decision to jump back into his own firm and how operations are different the second time around.
Google Shells Out $2.4B for Manhattan’s Chelsea Market
The tech giant acquired the 1.2 million-square-foot asset from Jamestown. The Atlanta-based real estate company will continue to manage the ground-floor retail and food hall.
Moxy to Debut 2 NYC Hotels in 2018
The new locations, Moxy Downtown and Moxy Chelsea, will join Moxy Times Square, the first hotel that launched in September 2017.
Top 5 Retail Space Sales
PropertyShark compiled the top 5 sales in retail recorded in February 2018 in New York City.
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.