Northeast
Terreno Picks Up Newark Industrial Asset for $6M
The company completed the transaction with the help of $55 million in acquisition financing, secured by a nine-property portfolio located mostly in the Jersey cities of Newark and Kearny.
The Changing Face of NYC Self Storage
CBRE’s Kenneth Herman and Christian Sonne discussed the possible changes and challenges the New York City self-storage market will face because of the recently adopted zoning regulations.
Liberty Property Trust Sells Office Building at Philly Navy Yard
The $130.5 million acquisition of a building that’s fully leased to pharma giant GlaxoSmithKline marks the second major purchase for Korea Investment Management in Philadelphia.
NY Storage Facilities Receive $36M Refi
The two properties, located in Queens and Yonkers, received a combined $36 million loan. Progress Capital secured the financing on behalf of Storage Fox Inc.
Fresh Look for Suburban Boston Office Asset
A team led by Margulies Perruzzi Architects transformed National Development’s 100,000-square-foot property into a modernly amenitized building with new elements and a completely different design.
MA Office Property Lands 2 New Tenants
Markem-Imaje will be leasing 14,404 square feet and Dover Corp., its parent company, will be leasing 3,719 square feet, both on the second floor of 65 Grove St. in Watertown.
Pillsbury Winthrop Relocates Manhattan Offices
The international law firm signed a deal with Paramount Group Inc. to occupy nearly 90,000 square feet at a LEED Gold-certified trophy tower.
NY Office Complex Lands $120M Financing
Ginsburg Development Cos. and Robert Martin Co. will use the Bridge Investment Group-funded loan to pay for their acquisition and redevelopment of the existing buildings into a mixed-use development.
SL Green Inks Full-Building Lease in Manhattan
In a deal brokered by RKF and JLL, beauty conglomerate Coty Inc. will occupy more than 10,000 square feet of retail space in the firm’s latest Times Square development.
Boston-Area Casino Trades for $10M
The 23.5-acre site originally served as a jai alai arena and was redeveloped into a casino in 2008. The new ownership plans to redevelop the property into a mixed-use development as soon as the casino relocates later this year.