Northeast
Waterton Debuts $2M Sheraton Framingham Revamp
The company remodeled and upgraded the 375-key Sheraton Framingham Hotel & Conference Center, located west of downtown Boston.
Liquidation of New York REIT Accelerates
In a $520 million deal, the company sold 1440 Broadway, a LEED Gold-certified office building in Manhattan, to CIM Group. The transaction is accompanied by plans to sell three more buildings, soon after the announcement of yet another disposition, as the company winds down.
First Industrial to Build 740 KSF Facility in Central PA
The 738,720-square-foot distribution center will be located adjacent to a 12-acre plot of land where the company plans to build an additional facility.
Paramount Executes 100 KSF Manhattan Office Lease
A software company will occupy two floors of Paramount’s 48-story office building, bringing the property’s leased occupancy rate to more than 95 percent.
Jernigan Invests in 2nd NJ Facility
The firm has invested $10.6 million in a proposed self-storage facility in Dover. Construction will begin in 2018, with completion slated for 2019.
NKF Brokers Sale of Boston-Area Retail Plaza
Cohasset Village Plaza is located south of Boston, along Route 3A, which connects several coastal communities along a highly trafficked retail corridor.
Jamestown Acquires 280 KSF Bronx Mixed-Use Asset
The Class A building contains office and retail space and is leased to a range of tenants, including The City of New York and Montefiore Medical Center.
HFF Brokers Grocery-Anchored Retail Sale in MD
Totaling 87,006 square feet, the North East Station shopping center is located between Philadelphia and Baltimore and anchored by Food Lion.
Newly Designed JFK-Based Hotel Tops Out
The redeveloped TWA Hotel is on track to open at John F. Kennedy International Airport in New York in early 2019. Special features will include a Jet Age and mid-century museum, as well as the world’s largest lobby.
RLJ Sells Luxury Boston Hotel for $170M
The historic Fairmont Copley Plaza, which dates back to 1912, sold for $444,000 per key, representing a 4.6 percent cap rate on the hotel’s 2017 NOI.