Northeast
Terreno Acquires NJ Industrial Asset for $16M
The property is in close proximity to Newark Liberty International Airport and Newark Port and was vacant at the time of the transaction.
Boulder Group Arranges Sale of Medical Facility
A West Coast real estate investor paid $1.9 million to acquire the Fresenius Medical Care center in Enola, Pa., from a Northeastern private partnership.
NYC Benchmarking Law Tracks Energy Efficiency
Starting with 2018, owners of buildings measuring 25,000 square feet and larger need to submit reports to EPA’s Energy Star Portfolio Manager.
Siemens Breaks Ground on $300M Manufacturing, R&D Facility
The expansion of the company’s existing 500,000-square-foot complex in Walpole, Mass., marks one of the largest single capital investments of Siemens Healthcare in the U.S.
Aetna to Relocate HQ to Manhattan
The health care insurance giant will move its headquarters from Hartford, Conn., to Vornado Realty Trust’s upcoming 61 Ninth Ave., a Class A office building targeted for completion this year.
Avison Young Scores Retail Assignment for Manhattan Asset
Executive Managing Director Jedd Nero will lead a five-member team in leasing some 60,000 square feet of retail space at Two Herald Square in Midtown Manhattan.
JLL Inks 38 KSF at Boston’s Lafayette City Center
Dell Technologies-owned VMware Inc. leased 37,948 square feet of the recently redeveloped 615,000-square-foot office building. The company plans to move in September 2017.
Business Insider Inks 88 KSF Lease in Lower Manhattan
The company will occupy the entire eighth and ninth floors at 1 Liberty Plaza, a 54-story office building owned by Brookfield Property Partners.
Suffolk to Head Construction of Coney Island Development
The company was tapped by Cammeby’s to oversee construction of a 42-story residential tower, parking, a 50,000-square-foot community facility and more than 100,000 square feet of retail space.
Gladstone Buys Suburban Philly Office Asset
The firm acquired a 60,016-square-foot office building for $15.45 million. The property has been fully leased to construction contractor Jacobs Engineering Group Inc. since its completion in 1997.