Northeast
HFF Brokers Sale of 382 KSF Shopping Center in CT
An entity managed by DDR Corp. has sold the 382,864-square-foot, Walmart-anchored Naugatuck Valley Shopping Center in Waterbury, Conn. The property includes 2,155 parking spaces.
Somerset Properties Sells Office Portfolio in NJ
The 304,732-square-foot portfolio was 94 percent occupied at the time of sale. The office buildings are all located within minutes of major thoroughfares.
Duke Realty Buys 3.1 MSF Industrial Portfolio
With this acquisition, which includes six newly constructed buildings and two sites for future development, the company’s New Jersey footprint has increased to 5.6 million square feet.
Rubenstein, Vision Real Estate Ink Twin NJ Office Deals
The longtime joint venture team purchased Phases I and II of the former Morris Corporate Center IV in Parsippany, N.J. The partnership is set to renovate and rebrand the five-story trophy buildings.
Lightstone Secures Financing for 3rd NYC Moxy Hotel
The company has received $91 million from the Bank of the Ozarks to build Moxy East Village, a 285-key hotel at 112-120 East 11th St.
Office Tower Trades for $32M in Philly’s CBD
The asset’s location, coupled with its size resulted in a competitive bid process, with multiple interested parties competing to nab the 15-story office tower.
Novaya Sells Boston-Area Industrial Portfolio for $73M
The fully leased distribution centers, located in Littleton and Middleborough, Mass., encompass a total of 775,000 square feet. JLL secured the acquisition financing on behalf of the buyer/borrower.
Executive Spotlight: George Grace, G.E. Grace & Co.
Following a stint managing Mohr Partners’ New York office, George Grace has relaunched his commercial brokerage and consulting firm G.E. Grace & Co. Grace spoke with CPE about his decision to jump back into his own firm and how operations are different the second time around.
Google Shells Out $2.4B for Manhattan’s Chelsea Market
The tech giant acquired the 1.2 million-square-foot asset from Jamestown. The Atlanta-based real estate company will continue to manage the ground-floor retail and food hall.
Moxy to Debut 2 NYC Hotels in 2018
The new locations, Moxy Downtown and Moxy Chelsea, will join Moxy Times Square, the first hotel that launched in September 2017.