New York
Top 5 Retail Space and Office Building Sales
PropertyShark compiled the top 5 sales in office and retail for April 2017 in New York City.
RNY Property Trust Continues NY-Area Disposition Plan
The REIT selected Cushman & Wakefield to market the sale of its six-building Westchester County portfolio. It most recently sold 555 White Plains Road in Tarrytown, N.Y., marking the company’s third sale in this portfolio, this time to Mack-Cali Realty-owned Robert Martin Co.
PAG Investments Grabs NJ Office Park
The campus, listed in the fall of 2016, encompasses four mid-rise, Class B office buildings constructed between 1971 and 1984.
Oxford Property Group, Titan Real Estate Merge
To accommodate the influx of new employees, Oxford is expanding its 5,000-square-foot office located at 286 Fifth Ave. in Manhattan.
Zamir Equities Acquires Syracuse Office Asset
The 305,594-square-foot property, one of the city’s tallest buildings, was originally developed in 1970 and recently underwent a $10 million renovation.
SL Development Secures $54M Loan for Williamsburg Warehouse Buy
Madison Realty Capital arranged the financing for the firm’s acquisition and upcoming development of a 90,000-square-foot mixed-use building in Brooklyn’s Williamsburg neighborhood. The redevelopment is slated for completion in July 2019.
1031 Exchanges: To Be or Not to Be Eliminated?
The pressure to reduce rates and find revenue offsets has put 1031 exchanges on the chopping block as part of the Trump administration’s potential tax reform. But some experts believe that the likelihood of a repeal is low.
Belkin Burden Wenig & Goldman Appoints New Associate
Krista Patterson has joined the firm’s Transactional Department, where she will focus on negotiating and drafting leasing, financing and joint venture agreements for commercial transactions.
Fischer & Co., Colliers to Lease Dow Jones HQ
The 206-acre Bernard Kilgore Center in Princeton, N.J. offers a total of 140,000 square feet of vacant space in Building 1, with units ranging from 10,000 to 72,000 square feet and a variety of amenities.
A First Look at CityBay’s M-U Newark Project
Martin Architectural Group revealed its design for the 95,966-square-foot project located in Newark’s Ironbound. Construction is slated for completion by the end of the year.