Northeast
Newark Lands First Spec Office in 30 Years
Development of Ironside Newark is expected to last about 18 months, with opening targeted for fall 2018. Perkins Eastman is the architect, and Hollister Construction the construction manager.
New York Office Asset Changes Hands in $25M Deal
One Lincoln Center underwent a $10 million renovation in 2016 and was 86 percent leased at the time of the transaction. The 17-story asset was built in 1970 and is the tallest building in Syracuse.
SL Green Lands New Tenant at Midtown Manhattan Landmark
First American Title Co. will take over the entire 10th floor of the former Bowery Savings Bank building, leaving behind its offices at 44 Wall St.
Independence Realty Trust Aims High With New HQ
The firm moved its corporate offices to Philadelphia’s tallest skyscraper and currently occupies an entire suite at the recently refurbished Two Liberty Place.
CBRE Expands NJ Retail Team With 2 New Hires
Former Colliers International associates Nicole Jadoo and Nicole Nannola joined CBRE’s New Jersey Retail Advisory and Transaction Group. They will be based in the firm’s Central and Northern New Jersey offices.
One Newark Center Up For Grabs
JLL was selected to head the sale and leasing of 17 floors of the building, which is jointly owned by The Praedium Group and Mack-Cali Realty Corp. Seton Hall Law School will continue to own the first five floors.
Grand Coast Capital Appoints New Managing Director
Former Fullerton Investors LLC Chief Operating Officer David Adams brings 14 years of expertise in asset management and investor relations to Grand Coast Capital Group.
Penn Medicine Kicks Off $1.5B Philly Project
The Pavilion, a 1.5 million-square-foot hospital rising at the site of the former Penn Tower in West Philadelphia, marks the largest development in the university’s history.
Cush & Wake Adds Managing Director to Philly Team
After a five-year tenure at JLL, James Adams will be handling the company’s project and development services in the region. He will also be performing owner representation and consulting for clients.
How to Handle the CMBS Refinancing Challenge
Daniel Martin, partner at McDermott Will & Emery, discusses the wall of CMBS maturities coming due this year and his outlook for the CRE lending market.