Northeast
Brooklyn Mixed-Use Project Lands $64M
The development, 200 Kent Ave., will offer 50,101 square feet of retail space, 22,055 square feet of office and restaurant space, as well as 45,170 square feet of parking. Madison Realty Capital arranged the construction loan.
Long Island Office Park Commands $61M
Hauppauge Office Park in Hauppauge, N.Y., comprises three buildings occupied by multiple financial tenants. The office campus is anchored by Allstate, which has a 10-year, full-building lease.
Peak10 + ViaWest Buys $33M PA Facility
The company has plans to improve carrier capacity to more than 80 providers. The newly-acquired data center was previously owned by GSK, which will continue its IT operations at the location.
HFF Secures $75M Refi for Rhode Island Mall
The company worked on behalf of a joint venture between Bliss Properties, Mark T. Brennan & Co. and the Lane Family Trust to secure the 10-year, fixed-rate loan through Bank of America.
JV Unveils $2.5B NJ Mixed-Use Waterfront Project
North American Properties and PGIM Real Estate will create Riverton, a 418-acre, shovel-ready waterfront redevelopment on the Raritan River. This is considered the largest mixed-use project in New Jersey history.
Westover Buys Suburban Philly Retail Center
Gilbertsville Shopping Center is located in an area with good exposure. The Weis-anchored asset was 95 percent leased at the time of the transaction.
Empire State Inks Full-Floor Lease at NYC Property
CBRE represented Universal Music Group in the lease negotiation for 26,150 square feet at 250 West 57th St. in Manhattan.
Waldorf Astoria NY to Undergo Major Renovation
The upgraded hotel will feature restored public and event spaces, 350 new guestrooms and suites, as well as 350 residences. Architectural firm Skidmore, Owings & Merrill and interior designer Pierre Yves Rochon were tapped to design the new space.
JOSS Buys Suburban Philly Office Assets
The firm paid $12.1 million for two premier office assets in Jenkintown, Pa., shifting its investment focus to core suburban markets.
Lee & Associates Appoints New NYC Executive
Mitchell Salmon has stepped up as the firm’s newest executive managing director for the New York City area, bringing valuable expertise in the retail and office sectors.