Northeast
Manhattan Office Deal Tops SL Green’s Big Day
The office REIT’s biggest news was its entrance into the hot Hudson Yards market, with the purchase of a $440 million property located at 460 W. 34th St.
SL Green Ups Investment in Manhattan High-Rise to $148M
The office landlord has completed the second phase of its preferred equity stake in 245 Park Ave., after an initial investment earlier this year.
Carlton Group Names New CEO
The firm, which is known for capitalizing hard-to-finance deals, was led by founder Howard Michaels until his passing in September.
On the Market: 5 Interesting Listings for November
This month’s listings include a rare retail and office space in Palm Beach Gardens, Fla., an office building in Wayne, N.J., as well as a retail center in Kahului, Hawaii.
Hampshire Cos. Sells NJ Industrial Building for $51M
HFF handled the sale of the more than 380,000-square-foot property in Totowa, which consists of both older renovated space and a brand-new addition.
Foreign Fund Makes First US Acquisition in NJ
Westwood Properties purchased the suburban office property for $17.2 million. Known as 3 Becker Farm Road, the asset has undergone an extensive capital improvement program.
Trammell Crow to Develop PA Industrial Facility
The development firm is set to build a speculative distribution center in the Valley View Business Park near Scranton. The project will be situated in an Opportunity Zone.
Signature Bank Expands Manhattan Footprint
The commercial bank added 20,691 square feet to its space at Empire State Realty Trust’s Midtown office tower, bringing its total square footage to 111,872.
Advisory Firm Inks 42 KSF Lease in Manhattan
FOJP Service Corp. will occupy an entire floor at Empire State Realty Trust’s 111 W. 33rd St. office tower. The space will serve as the company’s new headquarters.
Rudin Reduces GHG Emissions Through Smart Tech Implementation
Since 2005, Rudin has reduced its GHG by more than 200,000 metric tons of carbon dioxide equivalent, the equivalent of taking 38,465 cars off the road.