New York
McSam Hotel’s Planned Queens Asset Lands $17M Loan
The owner used the loan for the acquisition and completion of a partially constructed hotel in the borough’s Long Island City neighborhood.
Northwood Buys NYC Office Tower for $305M
The seller, Chinese conglomerate HNA Group, reportedly faces a looming liquidity crisis and is looking to dispose of $16 billion in assets worldwide.
McGuireWoods Relocating NYC Office
The firm has signed a 15-year lease to occupy 41,900 square feet at 1251 Avenue of the Americas, a 54-story office tower Mitsui Fudosan America Inc. owns in Midtown Manhattan.
Tutor Perini Unveils $1.4B Newark Airport Project
In a joint venture with Parsons Transportation Group, the company will build a 1 million-square-foot terminal, marking the largest transportation infrastructure design-build contract in New Jersey history.
NKF Adds New Director in NYC
Matt Duthie stepped up as the firm’s regional director of property management overseeing the New York metro region, leaving behind his tenure at JLL.
NKF to Lease Redeveloped Mall in NY
Lesso Mall Development Long Island Inc. will transform the former Source Mall and Fortunoff building into a mix of home furnishings showcase, restaurants, community centers and co-working space.
Provident Bank Secures Refi for NJ Business Park
Denholtz Associates plans to replace the parking areas and roofs, as well as repair the façades of the 11 buildings it owns within the 16-asset Bridgewater Business Park.
Repositioning of Queens Asset Lands $81M in Financing
NKF Capital Markets arranged the loan on behalf of Normandy Real Estate Partners, for the acquisition and repositioning of 25-11 49th Ave. in Long Island City.
Uber Leases Full Floor at Manhattan’s 1400 Broadway
The company will occupy 34,600 square feet, the entire 12th floor of the building. The property still has 225,638 square feet available for lease.
Nasdaq Relocates HQ to 4 Times Square
The Durst Organization inked a 15-year lease with the company to bring its headquarters to Nasdaq’s current MarketSite location.