Northeast
Top 4 Office Building Sales
PropertyShark compiled the top 4 sales in office for September 2017 in New York City.
NAI Tapped to Lease New Atlanta-Area Industrial Asset
Prologis’ property, which is slated to come online by the end of 2018, is located just off Interstate 285 and will offer 245,000 rentable square feet.
Brennan Nabs 1.2 MSF Philly-Area Industrial Portfolio
The collection of 26 light-industrial buildings, located in Moorestown and Burlington, N.J., had belonged to Mack-Cali Realty Corp. and were purchased without mortgage financing.
JV Nabs Suburban Boston Office/Flex Campus
The six-building Brookwood Business Center is located in Tewksbury and Billerica, Mass., and previously traded in 2010, when Brookwood Financial Partners acquired it through foreclosure for $15 million.
Mack-Cali Unveils $50M NJ Capital Improvement Initiative
The REIT plans to renovate building exteriors, install state-of-the-art amenities and modernize common areas throughout its portfolio of properties in Parsippany, Short Hills, Metro Park and Red Bank, N.J.
Law Firm Relocates to Pittsburgh CBD
The law firm first announced plans to move its headquarters back in November 2016. At that time, the site of its new offices—Union Trust Building—was 75 percent leased.
Aloft and Element Hotels Receive $140M Financing
HFF arranged the financing of the 330- and 180-key hotels on behalf of the borrower, through Starwood Property Trust. The hotels opened for business in 2016.
DivcoWest Breaks Ground on 45-Acre Mixed-Use Project
The company is re-launching the long-proposed Boston development site now known as Cambridge Crossing. In addition to office space, the development will have retail shops, an 11-acre public park and as many as 2,400 residential units.
Joint Venture Nabs Philly-Area Shopping Center
CBRE obtained $18 million in financing for the purchase of Forks Town Center in Easton, Penn. The 100,250-square-foot property is anchored by a Giant Food Store.
Levin to Lease, Manage NJ Retail Center
Commons at Hooper is a 120,350-square-foot community shopping center in Toms River, N.J., anchored by Michaels and DSW Designer Shoe Warehouse.