Northeast
CIM Group Acquires Gramercy Tower
The company bought the Manhattan property from Mount Sinai Beth Israel Hospital for a reported $90 million.
New $140M Bergen County Justice Center Opens Doors
An RSC Architects-designed government building has opened at Two Bergen County Plaza, serving as the new home of the prosecutor’s office, sheriff’s department, surrogate office and tax board.
Lightower Unveils New Data Center in Philadelphia
The new facility will feature 30,000 square feet of secure and reliable colocation space.
Trump Taj Mahal in AC Transitions to Hard Rock
The new owners will invest more than $300 million to purchase, renovate and re-open the property.
Transwestern Secures $28M for Boston Industrial Park
The 654,050-square-foot, Class A industrial space is currently 82 percent leased.
Albany-Area Retail Center Trades for $15M
The new owner plans to invest more than $21 million in renovations.
Carnegie Robotics Named Top Industrial Renovation
NAIOP honored the project for transforming a Pennsylvania steel mill into a high-tech facility.
MRP Realty, Barings Close on Philadelphia Office Asset
Three Parkway was originally built in 1970 and underwent renovations in 2005.
Work Begins on American Water’s New HQ at $1B Camden Waterfront
The development will pursue LEED Platinum Core and Shell certification.
CommercialCafe Report: NYC Office Market Sizzles in 2016
Though it’s no surprise that Manhattan remains the main target for office investment in New York City, other boroughs also managed to attract a good deal of capital in the past year.