Northeast
Diamond Dealers Club Relocates to International Gem Tower
In a deal brokered by Extell Development, the diamond trade giant acquired a commercial condo on the tower’s 11th floor.
Construction Starts at Boston-Area Science Campus
King Street Properties unraveled the plans for the largest multitenant campus in Boston’s Waltham/Lexington submarket. The complex will comprise two laboratory and office buildings and a parking garage.
Empire State Realty Lands New Tenant at NYC HQ
Global retailer Gap Inc. signed an 80,900-square-foot lease at the newly refurbished 111 W. 33rd St., in Manhattan. The new tenant will occupy two entire floors.
NYC’s Chinatown Welcomes New Luxury Hotel
Chu Enterprises developed the 229-key property at 50 Bowery, which marks the first-ever Joie de Vivre getaway in Manhattan.
Foreign Investor Acquires Long Island Shopping Center
Servicers LNR Partners, a subsidiary of Starwood Property Trust, and C-III Asset Management sold The Mall at the Source and the adjoining Fortunoff Building for $92 million.
Marriott Breaks Ground on Adaptive Reuse Hotel
The property, a former soap and candle factory, textile manufacturing facility and knitting mill, will soon join the company’s Tribute Portfolio.
Long Island Medical Office Portfolio Hits the Market
Cushman & Wakefield is marketing the sale of two medical office buildings located in Great Neck and Manhasset, N.Y. The assets total 70,167 square feet of space and are 88 percent leased to multiple tenants.
Crescent Tapped to Manage Philly-Area Hilton Hotel
The 146-key hotel is adjacent to the Fort Washington Office Park, benefiting from the proximity of nearly six million square feet of Class A office space. Crescent will manage all operations of the hotel, including guest experience and food services.
Revamped Monmouth Mall on Its Way in NJ
Kushner Cos. and Rouse Properties have teamed up for the redevelopment of the 24/7 attraction in Eatontown. Construction is scheduled to begin in 2018.
BH Properties Lands $253M Loan for NYC Portfolio
New York Life Real Estate Investors provided a 25-year mortgage and mezzanine facility for three Manhattan hotels totaling 1,179 guestrooms.