New York
Boston Properties Buys NJ Office Asset
The company added another 96,000 square feet to its Princeton, N.J., inventory with the acquisition of a Class A office asset located within the 560-acre Carnegie Center. Cushman & Wakefield brokered Mack-Cali Realty Corp.’s $16 million sale of the asset.
Meridian Arranges $21M Refi for NYC Property
The eight-story mixed-use asset features four commercial units and 20 luxury apartments and is in close proximity to the Subway Line 1 at Houston Street.
Simone Forays Into NJ with MOB Buy
The company plans to reposition the 62,000-square-foot property in Hackensack, which was 52 percent occupied at the time of the transaction.
Bell Works Lands $70M in Financing
Somerset Development is transforming the two million-square-foot property into an indoor “downtown area” with retail on the ground floor, office and hotel on the upper floors, as well as single-family and townhomes.
Former IBM Building Secures New Tenant
Expanding its New York operations, law firm Greenspoon Marder has leased some 25,000 square feet of space at 590 Madison Ave. The property is currently 80.5 percent occupied.
GNL Appoints New CEO
Independent Director James Nelson will be replacing the current CEO Scott Bowman in August of this year. Nelson was elected as a member of GNL’s board in March of 2017 and serves on the nominating, governance and audit committees.
TH Real Estate Taps New Head of Research
In her new role, Melissa Reagen will be responsible for coordinating TH’s research team, which identifies and analyzes market trends that inform clients’ investment decisions.
Stagwell Group Inks Lease at One World Trade Center
The investment advisory company will occupy the 62nd and 63rd floors of the tower totaling 83,955 square feet, bringing the tower’s occupancy to 75 percent.
JV to Redevelop Historic Sunshine Theatre in NYC
A partnership between East End Capital and K Property Group purchased the 29,200-square-foot building for $31.5 million. The historic Houston Street cinema will close in January 2018, and will be transformed into a mixed-use development.
Brooklyn Reuse Project Receives $150M Bridge Loan
Glacier Global Partners and Triangle Assets landed the short-term financing for 10 Jay St., an 1890s building at the entrance of the newly developed 85-acre Brooklyn Bridge Park.