Northeast
Big Plans for NYC’s Out Hotel
Private lender Silver Arch Capital Partners provided a $30.4 million acquisition loan for the Midtown Manhattan hotel, which will undergo an extensive repositioning process.
Tech Company Inks Midtown Manhattan Lease Renewal
Technology solutions provider Eze Castle Integration signed the original lease for 17,491 square feet back in early 2006, and is one of the building’s oldest tenants along retail chain Best Buy and diamond company Jewelex.
Philadelphia’s Apartment Revival
With developers ramping up construction, multifamily demand remains strong, as the city continues to attract both Millennials and Baby Boomers looking to downsize.
Boston’s Power
Investor and tenant demand remains healthy in the city’s multifamily market, even as rent growth decelerates after peaking in mid-2016.
West Roxbury Retail Asset Changes Hands
The four buildings, which are occupied by Party City and Lumber Liquidators, are located along VFW Parkway, between Dedham Mall and the Fisher House Boston medical center.
Allentown to Harbor Tallest Building in Lehigh Valley
Five City Center will break ground in 2018 and will include a 24-story office tower, two residential buildings totaling 225 apartments and a 1.7-acre park.
Partnership Brings New Charter School to South Bronx
The building represents the first newly constructed facility in the Classical Charter Schools portfolio. The school is scheduled to open during the 2017-2018 academic year.
Calare’s Final Step Towards Top Corporate Campus
The company broke ground on a 58,000-square-foot, Class A office building in Lowell, Mass. after long-time tech tenant signed a 20-year lease for the entire site.
Multi-Use NJ Area Development Site Sells
NAI James E. Hanson recently arranged the sale of 820 Bloomfield Ave. in West Caldwell, N.J. According to approved redevelopment plans, the former gas station might become a bank.
Robert Brierley Moves Up the Ladder at Colliers
The new executive vice president’s track record includes positions with Brookfield Office Properties, Equity Office Properties, Beacon Properties and Gilbane Properties.