New York
Mack-Cali’s NJ Horizon Center Hits the Market
The REIT named Newmark Knight Frank as exclusive agent for the sale of a six-building office/flex portfolio located in Hamilton, N.J. The sale is part of the firm’s disposition plan of non-core assets.
Mane USA Finds New Home in NJ
The French fragrance and flavor firm acquired a 102,000-square-foot building in Parsippany, N.J. from Prism Capital Partners and The Davis Cos. The firm plans to relocate there from its headquarters in Wayne, N.J.
NKF Named Leasing Agent for 85 Broad St.
The building takes up the full block of Broad Street between South William and Pearl streets in Manhattan’s Financial District. The Class A office tower was built in 1983.
Alexander’s Cashes Out Nearly $200M in Manhattan Refi
The office portion of 731 Lexington Ave. in Manhattan received $500 million in refinancing, which matures in June of 2024.
McLaren Joins Formula E on Brooklyn Racetrack
The site will be prepared for the event through a series of temporary and permanent enhancements ranging from barriers and security fences to gangways and sidewalks. The New York City Economic Development Corp. and The Port Authority of New York and New Jersey are also part of the group behind the project.
CPE’s Top 5 May 2017 Articles
Miss out on any CPE stories in May? Here are five of our most popular articles for the month, including a report on the highest taxed buildings in America and news on a massive live-work-play community underway from Hines.
Manhattan Trophy Building Welcomes New Tenants
William Kaufman Org. signed three leases totaling 35,682 square feet at 437 Madison Ave., with Munich American Reassurance Co., Eos Management LP and Montgomery McCracken Walker & Rhoads LLP.
Construction Begins on Manhattan’s Second Hotel Indigo
The 90,000-square-foot hotel will be designed by Gene Kaufman Architect and will be located at 8-10 Maiden Lane in Manhattan’s Financial District.
One Lincoln Center Lands $21M in Financing
Meridian Capital Group secured the acquisition and repositioning loan on behalf of Zamir Equities, which purchased the tallest office tower in Syracuse for $25.3 million.
CBRE Announces Three Promotions
The firm promoted David Gavin as senior vice president, Michael McCall as first vice president and Jacqueline Novotny as vice president. They will be based in the Westchester/ Fairfield office.