Northeast
EQ Office Adds Tenant to Wall Street Office Tower
Marketing technology company Contently will relocate its headquarters to a portion of the property’s 13th floor in the third quarter of 2019.
Avison Young Selects New Executive in NYC
The firm promoted 15-year industry veteran David Krasnoff to executive director of the New York Capital Markets Group. He previously served as senior director within the company.
Boston-Area Asset Inks 260 KSF in Leases
Owners National Development and AEW Capital Management signed long-term lease extensions with the two largest tenants of the mixed-use property.
Manhattan Spec Office Gets $40M Construction Loan
HFF arranged the financing for the 10-story, 34,364-square-foot building. Construction is set to begin next month and the property is slated for completion in 2020.
State Farm Insurance Sells NJ Office Asset
The firm sold a five-story, Class A trophy asset in Parsippany to a private buyer. HFF negotiated the deal on behalf of the seller, while Transwestern represented the buyer.
Manhattan Luxury Hotel Gets $31M Refi
Madison Realty Capital originated the loan for the 81-key GEM Hotel in Chelsea. The sponsor acquired the property, which previously served as a residential building, in 2007.
Hudson Yards Officially Opens in NYC
Related Cos. and Oxford Properties Group formally introduce the largest private real estate development in U.S. history, a brand-new neighborhood on Manhattan’s Far West Side.
Law Firm Signs 100 KSF Lease at 55 Hudson Yards
Boies Schiller Flexner took up four full floors within the 1.3 million-square-foot office building. The firm’s new space also features a 4,000-square-foot café.
Blackstone Sells Downtown Philadelphia Hotel
A new owner has emerged for the 757-key property, which will regain the Sheraton brand following a $28 million renovation as part of a new franchise agreement with Marriott International.
Mack-Cali to Sell Suburban Office/Flex Assets for $488M
The office and multifamily REIT plans to sell 56 properties in Westchester County, N.Y., and Fairfield County, Conn., to an affiliate of the Robert Martin Co.