Northeast
New York City’s Health System Lands $758M Lease
The largest public health care system in the nation signed a 25-year lease for more than 500,000 square feet of office space in the Financial District.
Rockbridge Selects New Management for ME Hotel
Interstate Hotels & Resorts will oversee management operations at the 289-key asset in Portland’s Arts District. The historic property opened its doors in 1927.
NYC Retail Property Changes Hands
The 8,730-foot retail building in the Jackson Heights neighborhood of Queens has a development potential of 35,000 square feet and traded for $7 million.
Three Street Realty Sells Greenwich Village Retail Asset
Compass represented both the buyer and the seller of the Manhattan property, which includes Dunkin Donuts and Verizon among its tenants.
Artisan Ice Cream Company to Add New Locations in NYC
Van Leeuwen signed six 10-year leases, planning to occupy spaces ranging between 500 to 1,700 square feet across Manhattan and Brooklyn.
New York Adds $3B to Sustainable Investment Program
Among other steps, the state’s retirement fund—third largest in the U.S.—is committing as much as $6 billion to green investment across asset classes.
Jernigan Buys Stake in NY Self-Storage Facility
The REIT acquired its development partner’s interest in the 105,300-square-foot, multi-story facility at 1775 Fifth Ave. in Bay Shore, on Long Island.
Hampshire Cos. Enters Opportunity Zone Market
The firm is partnering with Danitom Development to redevelop 250 Essex St. in Hackensack, N.J., formerly home to the Arena Diner.
WeWork Inks 236 KSF Lease in New York City
The coworking giant’s lease makes up nearly a third of CIM Group’s 1440 Broadway. WeWork will also get a private entrance and lobby at the building.
Urban Outfitters Inks 310 KSF Industrial Lease in PA
The 309,000-square-foot facility is being developed by Herring Properties in Bucks County, Pa., and is slated for completion by mid-year 2019.