Northeast
Bessemer Trust Takes 7 Floors at 1271 Ave. of the Americas
The wealth management fund is the fifth major tenant Rockefeller Group announced for the iconic Midtown Manhattan skyscraper, which is undergoing a $600 million redevelopment.
Host Hotels & Resorts Announces Two Major NYC Sales
The company sold the New York Marriott Marquis retail, theater and signage in a $442 million deal, as well as the W New York – Union Square, in a separate transaction.
Thyssenkrupp Secures $130M Hudson Yards Contract
The Germany-based company will design and install more than 100 elevators and escalators across Related Cos. and Oxford Properties Group’s 18 million-square-foot, mixed-use development on Manhattan’s Far West Side.
Andover Properties Sells Storage King Portfolio
Marcus & Millichap’s Tampa-based self-storage group facilitated the three-property investment deal. The new owner added 2,146 units to its holdings.
Manhattan Holiday Inn Lands $137M Loan
Mission Capital Advisors worked on behalf of Golden Seahorse to arrange the refinancing of the 492-key property, which also marks the brand’s tallest hotel in the world.
NJ Eyes Largest Single-State Offshore Wind Installation
The state is working toward 1,100 megawatts of offshore wind capacity to start construction before the federal tax credits expire.
CLEAR Moves to EQ Office’s Park Avenue Tower
The tech company signed a 10-year lease at the Plaza District location and will occupy the entire 17th floor until the end of the year.
Inside a Female-Led Global CRE Business
Michelle Burrell, Servcorp’s center manager at One World Trade Center, discusses her evolution from receptionist to executive in a company that employs 90 percent women. Servcorp has made it a goal to help women advance in a male-dominated industry.
Thor Equities Buys First Boston-Area Asset
The company is continuing its expansion in the Northeast. Norwood Medical Center offers 92,000 square feet of medical office space across three stories.
Mack-Cali Sells 215 KSF Office Assets in NJ
The firm sold the last two buildings on the Horizon Center campus, having sold four properties earlier this year. NKF Capital Markets arranged both deals.