Northeast
CubeSmart Strikes $540M NYC Self Storage Deal
The blockbuster transaction will add nearly 800,000 rentable square feet to the storage giant’s platform in Queens, Brooklyn and the Bronx.
Hilco Redevelopment Partners Appoints SVP of Development
Justin Dunn will lead the company’s Philadelphia team, which is working on redeveloping a 1,300-acre former oil refinery site.
Boston Creative Office Asset Sells for $72M
NB Development Group sold the property at 20 Guest St., across from the Boston Landing district, with the assistance of JLL Capital Markets.
Allianz Real Estate Provides $150M Loan for Boston Tower
The borrowers will use the funds to refinance 265 Franklin, a 21-story office building in the city’s Financial District.
Top 5 Retail Building Sales—September 2020
PropertyShark compiled the top 5 sales in retail recorded in September 2020 in New York City.
Top 5 Office Building Sales—September 2020
PropertyShark compiled the top 5 sales in office recorded in September 2020 in New York City.
Pessimism Grows Among New York City Brokers
While the overall figures are discouraging, sector-level results indicate a divergence in sentiment, according to REBNY’s latest report.
Exeter Property Group Pays $85M for Pennsylvania Warehouse
In 2018, the seller financed the 1.2 million-square-foot development with a $48.8 million loan from Regions Bank.
Westfield Upgrades Shopping Centers With Solar Power
The move is part of URW’s global environmental sustainability initiative, dubbed Better Places 2030.
Empire State Building Lands 212 KSF Lease
Centric Brands, which had been occupying subleased space, signed a direct lease at the Midtown Manhattan landmark.