Northeast
JLL Names New Head of NJ Team
Andrea Alexander will lead the firm’s project and development services team, reporting directly to Terry Harris, managing director & regional COO.
Knotel Signs Another Manhattan Lease
The coworking company signed an 11,940-square-foot, five-year lease in a GFP Real Estate-owned Chelsea office building, joining a roster of tenants including Breather and HSBC.
Monmouth Buys NJ Industrial Asset for $85M
The company has acquired a 347,145-square-foot building in Trenton, upping its portfolio to 112 properties and approximately 21.5 million rentable square feet.
NYC in a Nutshell
Trends to watch in the largest U.S. real estate market—some looming large, others flying under the radar.
Mortgage Company Inks Suburban Philly HQ Lease
Tequesta Properties has welcomed Gateway Mortgage Group to The Holtec Center, a premier office building which previously housed Holtec International.
Fully Leased NJ Industrial Asset Lands $20M Financing
Principal Real Estate Investors provided the loan for Adler Development’s soon-to-be-completed warehouse situated along the Route 130 industrial corridor.
Tech Company Signs 73 KSF HQ Lease in Manhattan
The ticket platform will relocate from the borough’s NoHo neighborhood to Flatiron District in June 2019, with plans to take up four floors at 902 Broadway.
WeWork Signs Full-Building Lease in NYC
The company will occupy the 138,000-square-foot office segment of the newly repositioned 609 Fifth Avenue building in Midtown Manhattan.
Madison Capital JV Refinances Historic Manhattan Asset
PGIM provided the loan, which will enable the partnership to complete renovations at the landmark building in the Flatiron district.
AREP Acquires PA Office Tower for $108M
The roughly 347,000-square-foot building is 15 miles from Philadelphia and features tenants such as Marsh & McLennan Cos., Allied Universal, Penn Mutual, AMG Funds and Airgas.