Northeast
On the Market: 5 Interesting Listings for December
This month’s listings include a redevelopment-ready property in Richmond, Va.; a recently completed luxury community in Philadelphia; and other opportunities.
Thor Equities Inks New Manhattan Retail Lease
The firm added Smile Direct Club to the tenant roster of a mixed-use asset in Harlem, alongside Insomnia Cookies, Fuel Juice Bar and Harlem Wine and Spirits.
The Mele Group Brokers Sale of PA Storage
Marcus & Millichap’s Tampa-based brokerage team arranged the sale of the 598-unit facility located in Harrisburg, Pa. The team represented both the seller and the buyer in the deal.
JV Sells $72M Long Island City Industrial Building
Less than two years after buying the asset, the joint venture between Metropolitan Realty Associates and TH Real Estate sold the property for a tidy profit.
Piedmont Expands Boston Portfolio With $74M Acquisition
The REIT also sold a Glendale, Calif.-based office property, sticking to its strategy of selling select non-core and mature assets at low yields and reinvesting proceeds into strategic markets.
Cushman & Wakefield Arranges Sale of NJ Office Complex
The two-building Ibis Plaza encompasses 119,000 square feet of collaborative spaces, office suites as well as an event venue in the Princeton Corridor.
Equinor Wins $135M Bid for Offshore Wind Lease
The energy firm submitted the winning bid for an offshore lease area in an auction by the U.S. Department of the Interior’s Bureau of Ocean Energy Management.
Google Unveils $1 Billion Manhattan Campus
The tech giant announced it will occupy 1.7 million square feet at three locations in the Hudson Square neighborhood to create Google Hudson Square.
Clarion Partners Acquires $282M NYC High-Rise
The Midtown Manhattan office building recently underwent $30 million in capital improvements. Newmark Knight Frank represented the seller, Blackstone’s EQ Office affiliate.
Times Square Tower Reaches Full Capitalization
UBS led a new round of equity financing to achieve $2.5 billion for the groundbreaking of TSX Broadway in Midtown Manhattan.