Northeast
Former Toys R Us Headquarters in NJ Changes Hands
The ownership group that acquired the property plans to transform the 621,000-square-foot campus built in 1962 into a multi-use site.
Knotel Expands NYC Footprint With 2 New Locations
The shared space provider signed on for some 20,000 square feet in two neighboring Midtown Manhattan office buildings.
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.