Northeast
Luxury Hotel Joins New Rochelle’s Renewal
The $64 million TRYP by Wyndham is part of the city’s 12 million-square-foot revitalization and will be the largest hotel built in Westchester County, N.Y., in two decades.
Newmark Knight Frank Arranges 200 KSF Lease in NJ
The tenant at the industrial property in Parsippany is Vitaquest International, a manufacturer of nutraceuticals, which will use the facility for both production and distribution.
Redeveloped Brooklyn Asset Gets $15M Refi
Mission Capital originated the loan, which will contribute to the further enhancement of The Box Factory, a creative office and flex asset in the Bushwick neighborhood.
Cresa Expands NYC Team
Nicholas Markel brings more than a decade of experience to his new position, having previously worked at Vesta Real Estate Advisors, Deutsche Bank and Cushman & Wakefield.
NJ Selects Ørsted for 1.1GW Ocean Wind Project
During the development and the three-year construction phases, the offshore wind project is expected to create more than 3,000 direct jobs annually.
Boston Office Property Gets $112M in Financing
NB Development Group secured first mortgage financing for 80 Guest Street, a trophy office property and part of the Boston Landing mixed-use project.
Park Hotels & Resorts Sells 3 Assets for $166M
The disposition of the 1,098-key portfolio helps the hospitality REIT curb leverage ahead of its $2.7 billion merger with Chesapeake Lodging Trust.
Maine Governor Signs Offshore Wind Bill
The bill requires Maine’s PUC to approve the PPA for Maine Aqua Ventus project at the University of Maine, a first-of-its-kind project in the U.S.
Flatiron Health Doubles Manhattan Footprint
The health-care tech firm has signed a 10-year lease that expands its headquarters to 252,452 square feet in the newly redeveloped One SoHo Square complex in New York City.
Orgill to Build $68M Distribution Center in New York
Billed as the world’s largest hardlines distributor, the company plans to build its first facility in the Northeast in the upstate city of Rome.