Northeast
Philadelphia Commercial Real Estate Wrap-Up – September 2020
Ensemble makes $83 million Navy Yard purchase. Amazon further expands in the metro. Here’s our September selection of Philadelphia must-reads.
Sotheby’s New York HQ Obtains $483M Refi
The owner-occupied, 506,000-square-foot office building recently underwent renovations.
Top 5 Retail Building Sales—August 2020
PropertyShark compiled the top 5 sales in retail recorded in August 2020 in New York City.
Lehigh Valley Warehouse Project Lands $35M
Provident Bank originated the three-year development loan for J.G Petrucci Co. and PGIM Real Estate.
Cushman & Wakefield Closes New Jersey Office Sale
The company represented the seller and sourced the buyer of the 168,144-square-foot building in Florham Park.
Major NYC Project in Limbo After Rezoning Is Scuttled
Political pressure prompted Industry City’s developers to withdraw the 1 million-square-foot plan, but some local leaders remain hopeful that the Brooklyn waterfront project will eventually move forward.
Somerville’s 1st Life Sciences Building Tops Out
The nine-story, 290,000-square-foot property in the Boston suburb, part of a three-phase project, is expected to reach completion next summer.
Bronx Storage Asset Trades for $26M
Benefit Street Partners Realty Trust provided the buyer with a $29.9 million loan which also encumbers a recently acquired Long Island facility.
UMH Properties Grows Manufactured Housing Footprint
Located in upstate New York, Lake Erie Estates changed hands for $4.5 million. The community was 71 percent occupied at the time of sale.
Boutique Manhattan Office Tower Tops Out
Sweden’s Klövern AB partnered with New York City-based GDS Development for the 12-story project in Chelsea.