Northeast
Garrison Investment Group, Onyx Equities Sell NJ Asset
The partnership sold the transit-oriented Rochelle Park property less than a year after acquiring it as part of a portfolio transaction.
[solidcore] Opens First Manhattan Location
The gym chain singled out Chelsea as its second New York location, planning to occupy more than 2,000 square feet at an Extell Development-owned asset.
Marx Development Gets $88M in Financing for Hudson Yards Hotel
Meridian Capital Group secured the 24-month term loan from Mack Real Estate Credit Strategies. The developer plans a 42-story, Marriott-branded property across from the Javits Center on Manhattan’s Far West Side.
Gazit Horizons Picks Up Boston Retail Asset
The seller, Frazer Holdings, traded the vacant property in the city’s urban core for $16.6 million. The building contains 10,500 square feet across two stories.
Westgate Resorts Buys Vintage Manhattan Hotel
The historic 300-key hotel in Tudor City, near Grand Central Station, has been rebranded as the Westgate New York City. It’s the company’s first acquisition in a major city.
IWBI Appoints New President
Rachel Gutter will replace Kamyar Vaghar, who occupied the position for two years. She has been with the company since 2016.
Rockefeller Group, Mitsubishi Sell Boston Trophy Tower
TA Realty arranged the $418 million sale of 28 State St., a 479,000-square-foot office building in the city’s Financial District. According to published reports, Heitman Capital Management is the new owner.
Keystone Property to Build Philly Corporate HQ
SORA West, the transit-oriented development the company is developing in Conshohocken, Pa., is set to become the corporate headquarters of Fortune 500 company AmerisourceBergen.
Safanad Expands NY Team
Andrew Trickett joined the company as head of real estate investment business. Most recently, he worked for Oxford Properties Inc., where he served as senior managing director of investments.
CBRE Selects New Retail SVP
Spencer Levy leaves behind his tenure at RKF Retail Holdings, stepping up as CBRE’s senior vice president of retail advisory & transactional services in New York City.