Northeast
Amerant Chips In $49M Loan for Brooklyn Building
The company—Mercantil Bank until a few months ago—served as administrative agent and provided the financing for a newly developed retail and office property.
Barings Sells Stamford Office Building for $15M
The new owner financed the acquisition through a two-year loan and intends to implement a capital improvement program.
Chelsea Warehouse Conversion Project Receives Financing
JBA Equities arranged the $56 million mortgage, which will be used for the structure’s transformation into an office building with ground-floor retail.
SL Green’s Manhattan Supertall Tops Out
The developer has completed the crown of the 1,042-foot One Vanderbilt adjoining Grand Central Terminal.
Largest Battery Project in NY Now Complete
The 20-megawatt KCE NY 1 is located in Saratoga County and is the largest lithium-ion battery storage project in the northeastern U.S.
Cushman & Wakefield Brokers Sale of New Jersey Industrial Building
The company represented both the seller and the buyer in the transaction of a last-mile industrial complex in Rockaway, N.J.
Vintage New Jersey Mall Eyed for 21st-Century Makeover
With a $73 million loan in hand, Advance Realty Investors will transform an early-1970s property into a modern open-air center.
HCP to Acquire Cambridge Building for $333M
The Davis Cos. and Invesco Real Estate developed the LEED Gold-certified property in 2018. The transaction is expected to close by year-end.
Boston Properties Buys Some More in Its Home Metro
Even prior to the $106 million transaction, the REIT was already Waltham’s largest owner and manager of Class A office space.
Leasing Surge Hits New Jersey’s Bell Works
With the signing of 16 new tenants, the office space at the 2 million-square-foot former Bell Labs campus is more than 90 percent occupied.