New York
Hersha Sells 2 Suburban Hotels in MD, NY
The hotels are located on the outskirts of New York City and Washington, D.C. Hyatt House in Gaithersburg, Md. and Holiday Inn Express in Chester, N.Y. traded for a total of $27.4 million.
JP Morgan Chase Plans Manhattan Trophy Tower
The 2.5 million-square-foot building would rise 70 to 75 stories on the current site of JPMC’s headquarters at 270 Park Ave., and is the first such project in its neighborhood to be announced since New York City approved a landmark rezoning last summer.
Manhattan Office Building Receives $86M Financing
Progress Capital negotiated the construction loan with Natixis, for the development of a 110,727-square-foot asset at 330 E. 62nd St.
Top 5 Office Building Sales
PropertyShark compiled the top 5 sales in office recorded in January 2018 in New York City.
Top 5 Retail Space Sales
PropertyShark compiled the top 5 sales in retail recorded in January 2018 in New York City.
John Guest USA Relocates, Expands HQ
To accommodate its growing operations, the company will occupy 60,600 square feet of industrial space within a recently refurbished property in Parsippany, N.J.
NJ Office Campus Adds New Tenants, Renews Leases
Cushman & Wakefield brokered a new 27,000-square-foot lease and three renewals at TH Real Estate’s two-building office campus in Princeton, N.J.
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.