Northeast
New York City Will Invest $1B in Life Sciences
The plan doubles a previous $500 million commitment to make the city a leader in the industry.
SL Green Inks Expansions, New Lease at One Vanderbilt
The deals total 124,000 square feet at the Midtown Manhattan office tower.
Boston Properties Adds to Lab Portfolio With $100M Buy
The acquisition builds on the company’s 4.9 million square feet of life science and office space in the Waltham/Lexington region of Massachusetts.
Black Creek Enters Greater Boston Industrial Market
The company acquired a Norton, Mass., property that is fully leased to U.S. Cabinet Depot.
Princeton International Properties Expands Long Island Portfolio
According to CommercialEdge, the office building in Melville, N.Y., last traded in 2015 for $25.1 million.
Amazon Inks 360 KSF Lease for New Jersey Site
Lincoln Equities Group obtained $115 million in construction financing for the distribution center.
Legal Nonprofit Inks 199 KSF Manhattan Lease
The Legal Aid Society is consolidating its offices at a Tribeca building owned by GFP Real Estate.
NYC Market Update: Development Cautiously Progresses
Chelsea is currently the busiest submarket for office projects, with roughly 8 million square feet underway, according to CommercialEdge.
Top 5 NYC Office Building Sales—April 2021
PropertyShark compiled the top office building sales recorded last month in New York City.
DivcoWest Pays $135M for Lower Manhattan Asset
The 220,000-square-foot building in Hudson Square previously traded for $110 million.