New York
Top 5 Retail Space and Office Building Sales
PropertyShark compiled the top 5 sales in office and retail for July 2017 in New York City.
Pantheon Sells 16-Acre NJ Industrial Site
Cushman & Wakefield’s Metropolitan Area Capital Markets Group negotiated the sale on behalf of the seller. Pantheon originally purchased the property in 1998 for $4.1 million.
On the Market: 5 Interesting Listings for August
This month’s listings include a Texas retail property built in 1900 and completely renovated in 2015 and a mixed-use multifamily and retail asset in Brooklyn’s Williamsburg neighborhood.
Small Balance Loans to Hit High Marks in 2017
John Caulfield, COO of Arbor Realty Trust, the first lender to reach $2 billion in Freddie Mac Small Balance loans, discussed why this financing sector is expected to grow even further.
Brixmor Sells Buffalo Shopping Center
In a deal brokered by Cushman & Wakefield, an affiliate of Brixmor Property Group sold a 95,544-square-foot retail center in Buffalo, N.Y. At the time of the sale, McKinley Plaza was 98 percent occupied.
Levin Appoints New VP & CFO
Real estate veteran Paul Tavaglione will step up as vice president & chief financial officer, after serving for 16 years in various finance roles within the company.
Furniture Company Leases 47 KSF in Suburban NJ
In a deal brokered by NAI James E. Hanson, GBK Group Inc. expanded its warehousing and distribution business by occupying space at a retail and industrial/flex building in Fairview, N.J.
SL Green, Vornado Snag $1.2B Refi for Manhattan Tower
The new loan on the 280 Park Ave. office building, now 97 percent leased following its emergence from a sweeping $150 million renovation, replaces the $900 million refinancing secured in 2016.
Kimmerle Group Boosts Multigenerational Leadership
Robert Kimmerle, son of company founder & president George Kimmerle, has returned to the firm as chief financial officer. He brings more than a decade of experience in financial management and will focus on providing financial and consultative support.
Informa Consolidates NYC Offices in Midtown
Fisher Brothers will welcome the events and publishing company to 605 Third Ave., a recently renovated Class A office tower. The firm plans to occupy three floors by the first quarter of 2018.