Northeast
Fourth-Generation Executive to Lead Smith Land & Improvement
Richard Jordan III has been promoted to president & CEO. The privately held family business celebrates its 100th year in 2018.
Eastern Consolidated Arranges $121M Financing for NYC Hotel
The real estate firm orchestrated a $97.5 million first mortgage and a $23.9 million mezzanine construction loan for the McSam Hotel Group’s development of a dual-branded, 526-key lodging project in Chelsea.
One Grand Central Place Lands Full-Floor Tenant
Empire State Realty Trust has signed a lease for the 48th floor of the Midtown Manhattan tower, with a litigation-focused law firm as the new tenant.
Devli Group Continues Acquisition Binge in NJ
The Hampshire Cos. sold the two-building flex industrial property located in Warren, N.J., in a sale brokered by Cushman & Wakefield.
NKF Adds New Tenant to Park Avenue Tower
Equity Office’s 360,000-square-foot Manhattan office tower has added The Raine Group to its tenant roster, which also includes the National Bank of Canada and Oak Hill Capital Management.
NY Health Care Center Receives $24M Financing
Greystone provided the HUD-insured loan for The Willows at Ramapo Rehabilitation and Nursing Center, the largest subacute community in Rockland County.
Jernigan Brings Annual Investments to $409M
The company has closed the year with two investments totaling $26.2 million. The two facilities are located in the Northeast U.S., one near Boston and the other in Hackensack, N.J.
AEW, MRP Land $26M Bronx Industrial Complex
The facilities, which total 120,000 square feet of warehouse and distribution space, also benefit from a strategic location in the Hunts Point neighborhood.
Calare Grabs CT Industrial Property
The 175,000-square-foot warehouse was renovated in 2002 and is located roughly halfway between New York City and Providence, offering immediate access to the Interstate 91 corridor.
NYC’s 10 Hudson Yards Achieves LEED Platinum Status
The 1.8 million-square-foot office tower at Related Cos. and Oxford Properties Group’s $20 billion Hudson Yards mixed-use development becomes the first commercial office building in New York to achieve the coveted Platinum rating since USGBC’s launch of the LEED v2009 rating system.