New York
Goodman Birtcher to Develop $350M Industrial Logistics Center in Linden, NJ
Goodman Birtcher has received entitlement approvals for Goodman Logistics Center Linden, a proposed $350 million logistics center in Linden, N.J.
370 Jay Street Building Revamped as Academic Center for NYU
The long-idle, 14-story building that once served as headquarters for the New York City Transit Authority (now renamed as MTA New York City Transit) is getting ready for a much-needed makeover to become an academic center for engineering and applied science program.
Port Authority Votes to Advance Construction of 3 WTC
Silverstein Properties’ $2.3 billion development of the 2.5 million-square-foot 3 World Trade Center office tower takes a long-awaited step forward as the Port Authority of New York and New Jersey’s board of commissioners green lights a revision of the 2010 financial agreement between the two parties.
Ivanhoe Cambridge JV Buys 49% Stake in Downtown Manhattan Property for $150M
Ivanhoe Cambridge has added to its New York City office holdings with the acquisition of a 49 percent stake in 330 Hudson in Manhattan for $150 million.
Moinian Secures Loan for 3 Hudson Blvd.
Plans for 3 Hudson Blvd., the 1.8 million-square-foot tower being built by The Moinian Group in the Hudson Yards district on Manhattan’s Far West Side, are moving forward with news that the developer has secured a land loan from AIG’s Commercial Mortgage Lending Group.
NJ’s Revel Casino Files for Second Bankruptcy
The long-troubled Revel Casino Hotel in Atlantic City, N.J., will evidently be sold, now that its owner, Revel AC Inc., the parent company of Revel Entertainment Group, and certain of the former’s subsidiaries have filed for Chapter 11.
Hard Rock Partners with NYS Funding on Casino Plan in Rensselaer, N.Y.
Hard Rock International has joined NYS Funding L.L.C. in the bid to build a casino, the Hard Rock Hotel & Casino, along the Hudson River, in Rensselaer, N.Y.
Iconic 530 Fifth Avenue Building Changes Hands for $595 Million
530 Fifth Avenue, one of Manhattan’s iconic office buildings, will change ownership in less than three months.
Thor Equities Adds to Manhattan Footprint with $590M Deal for 530 Fifth Ave.
The sale price is $200 million more than Rockwood Capital, Jamestown, Murray Hill Properties and Crown Acquisitions paid when the building last traded in January 2012.
High-Tech Fitness Company Peloton to Relocate into New HQ in Midtown South
Peloton Interactive, a fast- growing high-tech fitness company that was founded in 2012, will soon leave its current address at 227 West 29th Street and move into new world headquarters in Manhattan.