Northeast
Summer Street Hotel Approved in Boston
The approved project includes a 1,050-key hotel and the creation of new, direct connections to South Boston Waterfront Transportation Center and the Boston Convention and Exhibition Center.
NY MOB Lands $17M Loan
The long-term FHA loan represents a permanent exit from a bridge loan that Greystone provided in 2015 for VestraCare’s acquisition of the skilled nursing facility.
Thor Equities Snags NYC Boutique Hotel
The 114-key James New York-SoHo features three food and beverage spaces, as well as meeting and event areas totaling 1,500 square feet.
11 KSF Office Sells in Northern NJ
The building, located near train service and highways, will be partially occupied by the new owner. The remaining space is being marketed to both office and retail tenants.
NYU Doubles Presence in Brooklyn
The school will occupy the first two floors of the former MTA headquarters, a 530,000-square-foot office building in downtown Brooklyn. The asset is undergoing major renovations, which are expected to be complete in 2019.
NJ Office Building Receives $26M Financing
Cushman & Wakefield arranged the loan for Hudson Equities Management’s recent acquisition of an office building in Woodcliff Lake, N.J. The asset is set to undergo multimillion-dollar renovations.
Onyx Equities JV Expands NJ Office Portfolio
The acquisition marks Onyx Equities’ and Garrison Investment Group’s fifth venture, expanding the joint portfolio to 1.4 million square feet.
L&L Signs Shiseido to 226 KSF in New York City
The cosmetics firm will relocate its Manhattan headquarters to 390 Madison Ave., a 900,000-square-foot redevelopment project the real estate investment firm is undertaking in a partnership with Clarion Partners LLC, on behalf of the New York State Common Retirement Fund.
43 KSF Mixed-Use Cambridge Asset Changes Hands
Boston Residential Group sold 1280 Massachusetts Ave.—a five-story, 43,120-square-foot office and retail building near Harvard University—to Intercontinental Real Estate Corp.
Lincoln Equities Finishes Renovating NJ Office Buildings
The renovations include more than 300,000 square feet of office space across three buildings, adding new tenant amenities and upgrading building exteriors.