Northeast
JLL Building in Pittsburgh Adds New Tenant
Texas-based Insperity has opened a new district office in Millcraft Investments’ LEED Silver certified office building, which also houses The Coury Firm and Merrill Lynch.
Ørsted Acquires Deepwater Wind in a $510M Deal
The transaction, which is subject to review by U.S. competition authorities, is expected to close by the end of 2018. Once finalized, the name of the organization will be Ørsted U.S. Offshore Wind.
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.