Northeast
AIA-NJ Elects Ben Lee as 2017 President
As president of AIA-NJ, Lee plans to raise awareness among architects about how the design of the built environment can impact health and wellness.
CBRE Global Purchases Prime Pittsburgh High-Rise
Liberty Center, a 529,300-square-foot tower, marks the company’s first foray into the Steel City office market.
Manhattan Office Asset Lands $105M Refi
The property’s tenants include International Flavors & Fragrances, CBS Broadcasting, Labcorp and the Multiple Sclerosis Research Center of New York.
Stockholders Approve New York REIT Liquidation Plan
NYRT will use a $760 million facility from Credit Suisse to repay previous debt, purchase Worldwide Plaza and fund the REIT’s dissolution.
Julia Coronado Joins the MTGE Board
Currently chief economist for Graham Capital Management, Coronado brings several years of financial services industry experience to the board.
Financing Arranged for Brooklyn Office Building
Meadow Partners used the $50.2 million loan to acquire and renovate the six-story property at 57 Willoughby St.
NYC Garment District Office Property Commands $108M
ATCO Properties & Management acquired the 18-story Class A office building from the RPW Group.
$90M Construction Financing Earmarked For NYC Office Building
Vornado Realty Trust and Aurora Capital Associates have a 20-year lease agreement with Starbucks to open its largest location yet at the new Midtown South property.
CPPIB Pockets $1B on Sale of NYC Office Stake
The Toronto-based pension fund sold its share of the 50-story skyscraper to a global institutional investor in a deal valuing the asset at $2.3 billion.
$71M Earmarked for Manhattan Office Acquisition
NGKF Capital Markets closed on $71 million in financing for the property through a senior loan from Metlife.