Northeast
Stagwell Group Inks Lease at One World Trade Center
The investment advisory company will occupy the 62nd and 63rd floors of the tower totaling 83,955 square feet, bringing the tower’s occupancy to 75 percent.
JV to Redevelop Historic Sunshine Theatre in NYC
A partnership between East End Capital and K Property Group purchased the 29,200-square-foot building for $31.5 million. The historic Houston Street cinema will close in January 2018, and will be transformed into a mixed-use development.
NKF Secures One of the Largest Industrial Sales in Pittsburgh
The sale of the Class A industrial property marks the fourth industrial building completed in the Clinton Commerce Park and the first sale to a third party.
Brooklyn Reuse Project Receives $150M Bridge Loan
Glacier Global Partners and Triangle Assets landed the short-term financing for 10 Jay St., an 1890s building at the entrance of the newly developed 85-acre Brooklyn Bridge Park.
Onyx Equities Sells 2 in New Jersey
The real estate investment firm disposed of two office buildings owned with two separate partners, Russo Development and Rubenstein Partners.
Fifth Avenue Tower Lands $200M in Financing
Groundbreaking is scheduled for 2018, three years after Ceruzzi Holdings and SMI USA acquired the New York City development site for $275 million from Thor Equities.
Natixis Originates $55M Redevelopment Loan for Philadelphia Retail Asset
Sun Equity Partners plans to rebrand the former 429,617-square-foot Cheltenham Square Mall as Greenleaf at Cheltenham. The asset is 60 percent leased.
Tropicana Entertainment Buys Chelsea Hotel in Atlantic City
The boutique lodging property will be incorporated into the company’s 2,400-key casino resort across the street.
Columbia, Allianz Form $1.3B Partnership
Each company is contributing one or more unencumbered assets to the JV. Besides New York City and San Francisco, the firms are eyeing Boston and Washington.
Northwell Health Inks Lease at Greenwich Lane in NYC
The health care provider will open a new community facility within the state-of-the-art condominium complex in order to serve local residents. The 199-unit asset is jointly owned by Rudin Management Co. and Eyal Ofer’s Global Holdings.