Northeast
Cambria Hotels Breaks Ground in South Boston
Choice Hotels International is expanding its U.S. footprint with the addition of Cambria Hotel South Boston to its portfolio. The hotel is expected to open in 2019.
Japanese Company Buys NYC Office for $468M
UNIZO Holdings purchased 685 Third Ave., a 31-story building in Midtown Manhattan, from a joint venture between TH Real Estate, an affiliate of Nuveen, and Future Fund of Australia.
L&L Holding, JP Morgan Form JV to Invest $4B in NYC CRE
The new $500 million partnership will acquire and develop properties throughout the Big Apple, with a strong focus on value-add office assets in Manhattan.
Columbia Expands NYC Portfolio With $514M Office Buy
Neither of the buildings in the portfolio has any near-term capital needs, both being fully and attractively renovated in recent years. 245-249 W. 17th St. and 218 W. 18th St. house the headquarters of Twitter and Red Bull, along with several other tenants.
Grander Capital Buys into MA Office Campus
A joint venture between Grander Capital Partners and North Colony Asset Management purchased Heritage Point, a 160,912-square-foot building located within the Heritage Landing office campus in Quincy, Mass.
C&W Appoints New Senior Director in NJ
Following more than a decade with CBRE, Stephen Sander will be Cushman & Wakefield’s newest senior director of industrial brokerage for the New Jersey market.
Mack-Cali Sells NJ Flex/Industrial Park for $66M
Heritage Capital Group acquired the 13-building Totowa Commerce Center in Totowa, N.J., as part of a 1031 exchange. Natixis Real Estate Capital provided acquisition financing for the deal.
New York Life Secures NJ Retail Refi
EDENS’ 208,337-square-foot Closter Plaza in Closter, N.J., is home to big names such as Whole Foods and Target, and is the only shopping center within a 5-mile radius.
HFF Arranges Refi of Boston Hotel Portfolio
The commercial real estate services firm landed a 10-year CMBS loan for Distinctive Hospitality Group’s refinancing of three properties in the city’s suburbs.
CBRE Tapped to Lease Lehigh Valley Office Building
The LEED Gold certified The Plaza at 835 Hamilton in Allentown, Pa., is home to financial tenants such as PPL Gold Credit Union and BB&T Bank.