Northeast
Vornado Seeking Recap for 2 Trophy Towers
The Trump Organization owns a minority stake in 1290 Avenue of the Americas in Manhattan and 555 California Street in San Francisco.
SL Green Lands $510M Loan for NYC Office Tower
The REIT obtained mortgage financing secured by the trophy asset at 220 E. 42nd St., known as The News Building, and utilized the proceeds to repay its revolving credit facility.
Phoenix Investors Buys 1.6 MSF Industrial Portfolio
The assets, formerly owned and occupied by LEDVANCE, are located in Kentucky and Pennsylvania.
Sitex Group Trades $112M Queens Industrial Portfolio
The three Class B buildings total 235,500 square feet at Long Island’s largest railway junction.
Lincoln Equities Group JV Buys 1.2 MSF Life Sciences Campus
The Princeton West Innovation Campus in central New Jersey is largely vacant at this point, but the region’s life sciences sector is active and strong.
Marcus & Millichap Arranges Sale of Single-Tenant Philadelphia-Area Asset
Senior Associate Craig Dunkle and Associate Mher Vartanian secured the buyer of the roughly 31,000-square-foot Goodwill Job Resource & Donation Center.
JV Acquires Boston-Area Office Campus for $66M
Greatland Realty Partners and Breed’s Hill Capital have bought four buildings with the help of an acquisition loan secured by JLL Capital Markets.
CBRE Brokers $63M Industrial Deal in Pennsylvania
Brian Fiumara, Michael Hines, Brad Ruppel and Lauren Dawicki assisted the seller, a partnership between Dermody Properties and PCCP.
Crow Holdings Pockets $164M for Central New Jersey Warehouse
The sale of a new 925,000-square-foot facility in Franklin Township marks one of the nation’s largest single-asset industrial trades during the pandemic.
Queens Warehouse Scores $40M Refi
Maxim Credit Group provided the financing package for the nearly 600,000-square-foot industrial asset in Maspeth.