New York
JV Sells Two Prime NJ Office Assets
Somerset Properties and Greenfield Partners LLC selected Colliers as the exclusive agent for the disposition of 400 and 406 Lippincott Drive in Marlton, N.J. The two Class A office buildings total more than 80,000 square feet.
Avison Young to Lease Thor Equities’ NYC Office Portfolio
A five-broker team fronted by Avison Young’s Arthur Mirante II and John Ryan III will co-handle leasing and marketing operations for the Class A and B properties.
Mizuho Consolidates NYC Offices on Avenue of the Americas
The Japanese bank will relocate its U.S. headquarters to the Rockefeller Group’s recently redeveloped 1271 Avenue of the Americas in Manhattan. The firm plans to occupy 148,000 square feet on the building’s below-grade, second and third floors.
Paramount Lands $300M Refi for Manhattan Asset
The REIT engaged Eastdil Secured to arrange the financing for 712 Fifth Ave., a 52-story, 543,000-square-foot Class A office tower in the Plaza District.
McSam’s Chelsea Hotel Breaks Ground
The 45-story building will be one of the tallest towers in Manhattan’s Chelsea neighborhood and it marks another collaboration between developer McSam Hotel Group and designer Gene Kaufman Architect.
JLL to Lease NJ Class A Office Building
The firm will handle the marketing and leasing services for Independence Place, a 120,528-square-foot prime office building located in Warren, N.J. The owner plans to renovate the property’s lobby, restrooms, common areas and elevators.
Morgans Hotel NYC Fetches $41M
The acquisition is scheduled for completion in July, when the new owners—a joint venture of The Kash Group and Shel Capital—will execute a residential conversion of the the 90-year-old Midtown Manhattan property.
NYC Towers to Undergo Ambitious Upgrades
The buildings completed in the 1920s and 30s total 1.1 million square feet and sit not far from the massive Hudson Yards development.
RSC Architects Redesigns NJ Medical Unit
The firm has completed phase one of a multi-phase renovation plan at Englewood Hospital and Medical Center in Bergen County. Improvements included converting existing rooms into private patient rooms, and adding new waiting areas and care stations.
JLL to Continue Managing 866 UN Plaza
Located directly across from the United Nations headquarters, the office building’s tenant list includes missions, consulates and non-government organizations. The Carlyle Group purchased the office tower in April for $217.5 million.