Northeast
Top 5 Office Building Sales
PropertyShark compiled the top 5 sales in office recorded in November 2018 in New York City.
Top 5 Retail Space Sales
PropertyShark compiled the top 5 sales in retail recorded in November 2018 in New York City.
Savanna Buys, Repositions Manhattan Asset
The 126,256-square-foot office property will undergo a $21 million capital improvement program that will include upgrades to the lobby, roof, facade and seventh-floor vacant space.
Boston Trophy Tower Commands $455M
Skanska’s 450,000-square-foot, LEED Platinum-certified asset opened in June. The office portion is fully leased to Alexion Pharmaceuticals and PTC.
Related Cos. Adds New CFO
David Zussman has stepped up as the company’s most recent executive. He will succeed Michael Brenner, who will continue to serve as executive vice president.
Blackstone Expands Manhattan Lease to 575 KSF
The firm has called 345 Park Ave. home for the last three decades and will soon occupy a total of 16 floors in the Rudin family-owned office tower.
Knotel Grows NYC Presence With 4 New Leases
The coworking firm signed for a total of nearly 80,000 square feet in the Flatiron District and NoMad neighborhoods of Manhattan.
Allianz JV Buys Boston Office Tower for $845M
The Munich-based company teamed up with Beacon Capital Partners and the Pension Reserves Investment Management Board to purchase the 1.2 million-square-foot asset.
Baywood Hotels Expands in Ithaca, NY
The company has acquired a 106-key Fairfield Inn & Suites near Cornell University and Ithaca College, which are home to approximately 28,000 students.
NYC Office Tower Trades for $269M
Taconic Investment Partners teamed up with TH Real Estate to acquire the 411,000-square-foot property. The new owners are set to reposition the asset by implementing building-wide improvements.