Northeast
Ares Management JV Buys Boston Office Property for $110M
The company has teamed up with Accordia Partners to acquire 2 Morrissey Blvd., a five-building campus offering 425,000 rentable square feet.
Allianz Buys Into NYC Skyscraper for $384M
The German insurer purchased a minority stake in the 1.5 million-square-foot office condo leased to WarnerMedia within the new 30 Hudson Yards tower. The majority owner is a joint venture of the Related Cos. and a third-party investor.
New York Self Storage Portfolio Receives $49M Loan
The three properties encompass a total of 176,000 square feet and benefit from strategic positioning in the Bronx, Mt. Vernon and New Rochelle.
PA Self Storage Asset Trades for $13M
Cushman & Wakefield represented the seller, Vertical Fields, in the disposition of an 82,116-square-foot asset in Clifton Heights. CubeSmart was tapped to manage the facility.
Global Holdings Lands $340M Refi for Manhattan Asset
The Crédit Agricole loan will be used to retire an existing $320 million financing from Bank of America, which was taken out four years prior.
Greenhill & Co. Signs 78 KSF Lease at Rockefeller Center Building
The global independent investment bank will occupy the last available full floors in the redeveloped Sixth Avenue tower formerly known as the Time & Life Building.
CIM Group Breaks Ground on Boston Office Asset
In a joint venture with Nordblom Co., the firm is building a 235,000-square-foot Class A office property in the city’s South End neighborhood.
Rubenstein Partners Buys CT Office Tower for $163M
The half-million-square-foot building in Stamford’s central business district was originally built to house the headquarters of the seller, the Royal Bank of Scotland.
JV Obtains Mezzanine Loan for Brooklyn Project
Bluestone Group has provided $8 million in financing for the mixed-use property that Cornell Realty Management and LIVWRK are co-developing in Williamsburg.
Discovery Labs Plans $500M Philly-Area Coworking Campus
Newly established by MLP Ventures, the platform company will redevelop two campuses in King of Prussia into a 1.6 million-square-foot ecosystem for health-care, life sciences and technology-enabled businesses.