New York
L&L Holding, JP Morgan Form JV to Invest $4B in NYC CRE
The new $500 million partnership will acquire and develop properties throughout the Big Apple, with a strong focus on value-add office assets in Manhattan.
Columbia Expands NYC Portfolio With $514M Office Buy
Neither of the buildings in the portfolio has any near-term capital needs, both being fully and attractively renovated in recent years. 245-249 W. 17th St. and 218 W. 18th St. house the headquarters of Twitter and Red Bull, along with several other tenants.
C&W Appoints New Senior Director in NJ
Following more than a decade with CBRE, Stephen Sander will be Cushman & Wakefield’s newest senior director of industrial brokerage for the New Jersey market.
Mack-Cali Sells NJ Flex/Industrial Park for $66M
Heritage Capital Group acquired the 13-building Totowa Commerce Center in Totowa, N.J., as part of a 1031 exchange. Natixis Real Estate Capital provided acquisition financing for the deal.
New York Life Secures NJ Retail Refi
EDENS’ 208,337-square-foot Closter Plaza in Closter, N.J., is home to big names such as Whole Foods and Target, and is the only shopping center within a 5-mile radius.
sbe Debuts 2 Mondrian Hotels
The 270-key Mondrian Doha in Qatar and the 189-key Mondrian Park Avenue in New York City are the fourth and fifth Mondrian hotels globally, after properties in London, Los Angeles and Miami South Beach.
JV Unveils Downtown Hartford Mixed-Use Project
RBH Group, Goldman Sachs Urban Investment Group, and several other partners will develop Teachers Corner Hartford, which will bring 60 affordable and market rate units, with an additional 6,000 square feet of retail space.
Griffin-American REIT Acquires MOB Portfolio
The Fairfield County Medical Office Building Portfolio comprises two medical office buildings located in Stratford and Trumbull, Conn. Encompassing 80,000 square feet, the portfolio is 94.6 percent leased to 15 tenants.
Lower Manhattan Gets First Full-Service Office Building
Reimagined by Cove Property Group and Bentall Kennedy and serviced by Convene, the 480,000-square-foot 101 Greenwich is nearly ready to welcome its first tenant.
ASB JV Nabs Brooklyn Warehouse Complex
The two-building industrial asset is located in Brooklyn’s Sunset Park neighborhood and includes 21,000 square feet of surface parking.