New York
SL Green Sells $305M NYC Office Asset
The 36-story, 303,515-square-foot Class A office building at 600 Lexington Ave. was acquired by SL Green as part of a joint venture in 2010. The company then took full ownership of the property in December 2015.
HFF Arranges $100M for CT Office Park
The company arranged the five-year, fixed-rate loan on behalf of Clarion Partners for Merritt 7, a six-building, 1.4 million-square-foot office park located in Norwalk.
Brooklyn Mixed-Use Project Lands $64M
The development, 200 Kent Ave., will offer 50,101 square feet of retail space, 22,055 square feet of office and restaurant space, as well as 45,170 square feet of parking. Madison Realty Capital arranged the construction loan.
Long Island Office Park Commands $61M
Hauppauge Office Park in Hauppauge, N.Y., comprises three buildings occupied by multiple financial tenants. The office campus is anchored by Allstate, which has a 10-year, full-building lease.
JV Unveils $2.5B NJ Mixed-Use Waterfront Project
North American Properties and PGIM Real Estate will create Riverton, a 418-acre, shovel-ready waterfront redevelopment on the Raritan River. This is considered the largest mixed-use project in New Jersey history.
Empire State Inks Full-Floor Lease at NYC Property
CBRE represented Universal Music Group in the lease negotiation for 26,150 square feet at 250 West 57th St. in Manhattan.
Waldorf Astoria NY to Undergo Major Renovation
The upgraded hotel will feature restored public and event spaces, 350 new guestrooms and suites, as well as 350 residences. Architectural firm Skidmore, Owings & Merrill and interior designer Pierre Yves Rochon were tapped to design the new space.
Lee & Associates Appoints New NYC Executive
Mitchell Salmon has stepped up as the firm’s newest executive managing director for the New York City area, bringing valuable expertise in the retail and office sectors.
New York REIT to Sell NYC Office Tower for $255M
The agreement to sell the 345,000-square-foot building at 333 W. 34th St. to Brookfield marks yet another step forward in the REIT’s plan of liquidation.
Stark Enterprises Enters NYC Market
In a joint venture with Sun Equity Partners, the firm purchased an asset leased long-term to Con Ed New York for $98 million.