Northeast
Paramount Lands $300M Refi for Manhattan Asset
The REIT engaged Eastdil Secured to arrange the financing for 712 Fifth Ave., a 52-story, 543,000-square-foot Class A office tower in the Plaza District.
McSam’s Chelsea Hotel Breaks Ground
The 45-story building will be one of the tallest towers in Manhattan’s Chelsea neighborhood and it marks another collaboration between developer McSam Hotel Group and designer Gene Kaufman Architect.
JLL to Lease NJ Class A Office Building
The firm will handle the marketing and leasing services for Independence Place, a 120,528-square-foot prime office building located in Warren, N.J. The owner plans to renovate the property’s lobby, restrooms, common areas and elevators.
Morgans Hotel NYC Fetches $41M
The acquisition is scheduled for completion in July, when the new owners—a joint venture of The Kash Group and Shel Capital—will execute a residential conversion of the the 90-year-old Midtown Manhattan property.
Innovation Park at Penn State Expands
The new office building and research center will be located within Innovation Park at Penn State, a 1.4 million-square-foot development with 1 million square feet of space already completed.
CBRE to Lease Suburban Philly Office Asset
The 180,000-square-foot One Plymouth—which was constructed in 1969 and is located within Plymouth Meeting Mall Campus—is set to undergo a complete makeover.
NYC Towers to Undergo Ambitious Upgrades
The buildings completed in the 1920s and 30s total 1.1 million square feet and sit not far from the massive Hudson Yards development.
Amazon Brings 855 KSF Fulfillment Center to CT
The facility in North Haven, which will generate 1,500 full-time jobs, is upping the retail giant’s total to three sites in the state, joining those in Wallingford and Windsor.
RSC Architects Redesigns NJ Medical Unit
The firm has completed phase one of a multi-phase renovation plan at Englewood Hospital and Medical Center in Bergen County. Improvements included converting existing rooms into private patient rooms, and adding new waiting areas and care stations.
JLL to Continue Managing 866 UN Plaza
Located directly across from the United Nations headquarters, the office building’s tenant list includes missions, consulates and non-government organizations. The Carlyle Group purchased the office tower in April for $217.5 million.