Northeast
KBS REIT Trades MA Office Facility
Jumbo Capital Management and Boston Andes Capital are the new owners of Rivertech Park, a two-building property located in Billerica, Mass.
CBRE Pays $97M for Stamford Towers
SL Green and TH Real Estate sold the two buildings after completing a series of significant upgrades that involved building a new fitness center, basketball court and conference facility.
Hilton Expands NYC Footprint
The iconic ONE UN New York has relaunched as Millennium Hilton New York One UN Plaza, following a multimillion-dollar renovation. The hotel will be the seventh New York City property managed by Hilton Hotels & Resorts.
$2B Times Square Project Lands New Partner
L&L Holding joined Maefield Development, Fortress Investment Group and the Nederlander Organization in the transformation of 1568 Broadway in Manhattan.
Eds and Meds Spur Growth in Pittsburgh
Despite a slowly shrinking population, the city’s multifamily market remains steady, bolstered by increased hiring in recession-resistant sectors. Through May, rents rose 0.3 percent, trailing the nation’s 1.5 percent rate, Yardi Matrix data shows.
LincolnHealth Breaks Ground on E4H-Designed MOB
The 39,800-square-foot facility slated for completion in June 2018 will consolidate primary, specialty and behavioral care services, which are currently spread among four buildings.
Macmillan Leaves Flatiron Building for Lower Manhattan
The publishing company will relocate to the 1.9 million-square-foot office tower at 120 Broadway, pushing the building’s lease level to 96 percent.
Newark Dreams to Join Ranks of Destination Cities
As the Garden State’s largest city is looking to get into the revitalization game, cranes are returning to the skyline, with $1 billion of projects underway and another $4 billion in the pipeline.
NYC’s 55 Hudson Yards Attracts 130 KSF Tenant
Law firm Cooley LLP has signed a lease at the 1.3 million-square-foot tower within the $20 billion mixed-use development in Manhattan.
Revitalized Manhattan Office Tower Lands New Tenant
Healthcare organization Hospital for Special Surgery inked a 98,600-square-foot lease at 777 Third Ave., in Midtown Manhattan. The property is owned by a joint venture between the William Kaufman Org. and The Travelers Cos. Inc.