Northeast
JV Completes Sale of PA Industrial Facility
J.G. Petrucci and The Davis Cos. have sold Wind Gap Logistics Center, a 349,012-square-foot warehouse and distribution property developed in 2018.
JLL Closes $280M Loan for Brooklyn Redevelopment
AIG provided a 15-year loan to a partnership between Midtown Equities and HK Organization for Empire Stores, a 443,000-square-foot office and retail property.
Vornado Refinances NYC Mixed-Use for $580M
The REIT secured an interest-only loan to replace a 2015 mortgage on the approximately 1 million-square-foot property in Midtown Manhattan.
Google Inks 362 KSF Lease in Boston
The internet giant signed a 15-year lease at Boston Properties’ 325 Main St. redevelopment project in Cambridge, slated for completion in 2022.
Savills Studley Appoints New Executives
Claudine Larreur, Janet Woods and Christopher White bring years of experience to their new roles spanning human resources, brokerage and real estate transaction management.
Amazon Scraps Long Island City HQ2 Campus
The tech giant blamed political opposition for its withdrawal from a plan to create a 4 million-square-foot campus in Queens. Its next steps are unclear.
CBRE Facilitates Sale-Leaseback Deal in NJ
Seiko Holdings Corp. sold the 140,420-square-foot office/tech building in Mahwah, N.J., for $10.3 million. The property will continue to house the seller, as well as Nuance Communications.
Gramercy Property Buys 108 KSF Office in NJ
Rugby Realty sold 1290 Wall St. W. for $8 million. The five-story building last traded in 2016, as part of a 1031 exchange.
The Hampshire Cos., Harrison Street Launch East Coast Venture
The companies have teamed up to develop self storage facilities along the I-95 Corridor, from Washington D.C., to Boston.
Akridge Delivers DC Office Project for WeWork
The developer and its partner, Alcion Ventures, signed the coworking firm to occupy the entirety of 1701 Rhode Island, a newly completed project in Washington’s central business district.