Northeast
REIT Sells Two Office Assets for $42M
Office Properties Income Trust’s proceeds from the two office sales in New Jersey and Illinois will be used for general business purposes, including repaying debt.
CIT Bank, BlackRock Originate $163M Loan Package for Industrial Portfolio
The Arden Group used the financing to assemble a 2.1 million-square-foot, 12-property portfolio across multiple states.
Thor Equities Acquires Life Sciences Building for $95M
SJP Properties sold the legacy manufacturing property in downtown Jersey City, N.J.
Suburban Philadelphia Self Storage Asset Trades for $13M
After an expansion in 2016, the facility changed hands for nearly four times the price it had sold for in 2013.
Gaedeke Group’s $200M Wall Street Deal
The company bought a 1920s-vintage Class A office tower in Lower Manhattan, its first acquisition in New York City.
SHVO-Led JV Lands $210M for Manhattan Building Acquisition
JLL Capital Markets has secured the financing from LoanCore Capital LLC.
Lehigh Valley Industrial Park Lands $111M in Financing
Acting on behalf of an institutional joint venture, JLL Capital Markets placed a loan with Wells Fargo.
Former General Motors Plant Trades in Upstate New York
A trust created in the aftermath of the company’s bankruptcy has sold the property in metro Syracuse, N.Y., to a local owner-operator of industrial properties.
Top 10 Northeast Markets for Office Deliveries in 2019
While Manhattan continues to lead development activity, emerging office markets such as Brooklyn and Pittsburgh showed their potential.
New Energy Conservation Code Passes in NYC
Mayor Bill de Blasio approved the 2020 NYC Energy Conservation Code to combat global warming.