New York
M&T Bank Sells Pair of NJ Office Assets
The assets total 92,000 square feet and previously changed hands when M&T Bank purchased them through the acquisition of Hudson City Savings Bank in 2015.
Spaces Opens Flagship Location in Manhattan West
The co-working firm plans to occupy 103,000 square feet at Brookfield’s The Lofts at Manhattan West, marking the company’s largest U.S. lease to date.
NJ Office Asset Lands $66M
Cushman & Wakefield negotiated the terms of the 10-year, fixed-rate financing provided by Morgan Stanley Bank N.A. One Newark Center is a Class A, 423,028-square-foot office building in Newark’s CBD.
WeWork Signs 45 KSF Lease in Manhattan
Swiss pension fund AFIAA has reached full occupancy at 125 W. 25th St., a Manhattan office property the firm acquired last year for $150 million.
Mastercard Leases Midtown South Office Building
The credit card company will lease the full 212,500-square-foot New York City building and turn it into an expanded technology hub. L&L Holding is set to finish a major modernization and re-envisioning of the property before Mastercard’s move-in.
Berkadia Appoints New Head of Mortgage Banking
Hilary Provinse has joined the company after spending more than 15 years at Fannie Mae, where she led the firm’s mulitfamily debt lending activities.
Apple Opens Second Brooklyn Store
The company singled out the Fort Greene neighborhood as the home for its next location, shortly after opening a store in Williamsburg.
NYC Garage Portfolio Commands $50M
Kamber Management Co. added three prime condominium-based facilities to its collection. The properties are fully leased to Icon Parking Systems.
Lightstone Lands $260M Refi for Times Square Hotel
Goldman Sachs provided the refinancing for the 612-key Moxy Times Square, which made its debut in September of this year.
Allianz Takes Stake in Times Square Tower
The purchase from SL Green capped a year of investments in U.S. real estate that reached $3.5 billion for the company, which now has $16.3 billion in assets under management nationwide.