Northeast
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.
IKEA to Open First US City Center Store
The new location, which will feature the nation’s first IKEA Planning Studio concept, is scheduled to open in Midtown Manhattan in the spring of 2019.
Square Mile Provides $161M Loan for NYC Office Tower
Borrowers Rockwood Capital and Midtown Equities utilized the financing for the acquisition and repositioning of One Broadway, a 253,000-square-foot, landmark building in downtown Manhattan.
Biopharma Firm to Relocate NYC Flagship
Syneos Health will occupy 86,498 square feet across two floors in a Brookfield Properties-owned premier office building located within the Brookfield Place complex.
Industry Veteran Joins NKF
As executive managing director, Jeff Schotz will lead Newmark Knight Frank’s New Jersey Agency Services team, and will report to David Simson.
When Will the Industrial Market Slow Down?
Winstanley Enterprises Principal Adam Winstanley discusses the hottest submarkets, as well as his concerns and plans going forward.
CIT Group Provides $29M Loan for Boston-Area MOBs
Chestnut Healthcare Partners is the new owner of the buildings. Signature Healthcare Brockton Hospital and Anna Jaques Hospital occupy the two assets.
Avison Young Boston Adds New Principal
Industry veteran Bill Crean will focus on office tenant and landlord representation. He most recently served CBRE\New England as senior vice president.
How Will Autonomous Vehicles Change CRE Development?
Jeffrey Berman, general partner at Camber Creek, shares his thoughts on how driverless cars will impact several aspects of the business, and how property management strategies would need to change in order to maintain revenue levels.