Northeast
Sprinklr Renews 40 KSF Manhattan HQ Lease
NKF negotiated the renewal on behalf of American Equities, the property’s landlord. The interim lease offers the company flexibility to expand its office space in the building as the market changes.
Boston-Area Citizens Bank Changes Hands for $4M
The Grossman Cos. bought the property in 2013, for $2.3 million, as part of their Main Street portfolio. The asset is located in Brookline’s Coolidge Corner.
Allianz Taps Loan, Asset Management Head
Peggy DaSilva, who brings more than 30 years of industry experience to the firm, will oversee the loan and asset management group for the Americas region.
Pittsburgh Embassy Suites Changes Hands for $25M
The sale of Embassy Suites Pittsburgh Airport hotel in Coraopolis was brokered by Marcus & Millichap, equating to a price of $112,108 per key.
Boricua College in Brooklyn Sells for $31M
Cushman & Wakefield arranged the sale of the vacant, three-building asset in Williamsburg, which can be converted into a mixed-use development with luxury apartments.
Queens Asset Lands $35M Financing, Awaits Expansion
Madison Realty Capital secured the loan, which will contribute to the transformation of a now-vacant office building into 206,197 square feet of office and retail, as well as a 181-key hotel.
Workplace Design: Space Standards Are Critical Focus Areas
Principal Dan Perruzzi of Boston-based Margulies Perruzzi Architects shared his view on sustainable office design in an interview with CPE. The company has roughly three decades of experience in designing energy-efficient working spaces.
NJ Industrial Facility Lands $37M Loan
HFF arranged the 15-year, fixed-rate loan with Allianz Real Estate of America, working on behalf of Bhasin Properties. The asset is situated in Secaucus and comprises 240,317 square feet.
Penwood Grabs 508 KSF Warehouse in PA
The fully leased property is situated along the Interstate 81 industrial corridor in Mechanicsburg, Pa., and previously traded as part of a $3.2 billion portfolio.
HFF Brokers Suburban NJ Office Campus Sale
An affiliate of Hartford Investment Management Co. disposed of the seven-building park, which will receive a complete rebranding and repositioning under its new ownership.