Northeast
Paramount Group to Sell Stake in $2.4B NYC High-Rise
The REIT will welcome a joint venture partner at 1633 Broadway with the trade of a 10 percent ownership interest in the Midtown Manhattan trophy tower.
Phoenix Investors Expands in Pittsburgh
A company affiliate is the new owner of a 625,000-square-foot building and 53 acres of land in West Mifflin, Pa.
Cushman & Wakefield Negotiates New Jersey Office Lease
The company’s Curtis Foster and Jerry Shifrin represented the owner of the 300,000-square-foot property. A cleaning supplies distributor will occupy roughly 10 percent of the building.
Philadelphia Commercial Real Estate Wrap-Up – March 2020
Industrial project lands $111 million loan. Hospital construction speeds up. Here’s our March selection of Philadelphia must-knows.
Lendlease Sells 16 MW Solar Project
The facility is partly built on a landfill in Wallingford, Conn., and is slated for completion later this year.
Philadelphia Grocery-Anchored Retail Center Lands Refi
AXA Equitable Life Insurance Co. provided the five-year, fixed-rate loan.
Iconic Manhattan Skyscraper Lands $510M Refi
Wells Fargo Bank provided the floating-rate loan for the revamped 120 Broadway building.
NAI Hanson Arranges 2 Leases for New Jersey MOB
The property stands three stories totaling 68,000 square feet in Clifton, N.J.
Developers Shine Spotlight on New Jersey
Jersey City will be the site of two new film and production studios thanks to a $48.3 million loan provided by Columbia Pacific Advisors.
Public Storage Purchases New York, Boston Portfolio
Banner Real Estate Group sold three properties which comprise nearly 3,600 units.