New York
Manhattan Office Asset Lands $200M Recap
Silverstein Properties has acquired a majority interest of 619 West 54th St.. The company partnered with Taconic, which purchased the Hell’s Kitchen asset five years ago.
Colony Northstar Signs Record Deal at Manhattan Skyscraper
With a reported rent of $130 per square foot, CBRE inked a 40,000-square-foot office lease at 590 Madison Ave. The property is jointly owned by State Teachers Retirement System of Ohio and Edward J. Minskoff Equities.
L&L Holding Co. Appoints New SVP
David Orowitz stepped in as the firm’s senior vice president of development, after serving eight years as senior vice president of acquisitions and development within the Trump Organization.
Long Ridge Health & Science Campus Seeking Tenants
Building and Land Technology recently selected Cushman & Wakefield to market 260 Long Ridge Road in Stamford, Conn. The building is part of Long Ridge Health & Science complex and delivers 130,000 square feet of medical and office space for both creative and corporate tenants.
CBRE to Market, Lease 4 Industrial Properties in NJ
The company’s New Jersey Logistics Group expanded its brokerage footprint with four New Jersey industrial properties totaling 535,000 square feet.
Big Plans for NYC’s Out Hotel
Private lender Silver Arch Capital Partners provided a $30.4 million acquisition loan for the Midtown Manhattan hotel, which will undergo an extensive repositioning process.
Tech Company Inks Midtown Manhattan Lease Renewal
Technology solutions provider Eze Castle Integration signed the original lease for 17,491 square feet back in early 2006, and is one of the building’s oldest tenants along retail chain Best Buy and diamond company Jewelex.
Partnership Brings New Charter School to South Bronx
The building represents the first newly constructed facility in the Classical Charter Schools portfolio. The school is scheduled to open during the 2017-2018 academic year.
NGKF Taps New Global Corporate Services CEO
Robinson will lead the firm’s integrated offering and solutions for occupier clients around the globe. Prior to NGKF, he held positions at Colliers International, Cassidy Turley, CBRE and Trammell Crow.
Multi-Use NJ Area Development Site Sells
NAI James E. Hanson recently arranged the sale of 820 Bloomfield Ave. in West Caldwell, N.J. According to approved redevelopment plans, the former gas station might become a bank.