Northeast
Lightstone Secures Financing for Moxy Hotel
Lightstone’s four Moxy’s total 1,500 guestrooms, which includes the brand’s 618-room flagship U.S. property in Times Square that is scheduled to open in 2017.
Skanska USA Expands With New Hires, Appointments
Robert Ward has been appointed COO, and Mark Carroll will replace Ward as executive vice president for development operations.
New York REIT Lands $760M Financing, Prepares to Sell Assets
The proceeds will be used to repay debt, buy the remaining equity interest in Worldwide Plaza and fund the company’s dissolution.
437 Madison Ave. Welcomes 2 New Tenants
Montgomery McCracken Walker & Rhoads LLP and Prelude Capital inked two long-term leases at the key Midtown East office property.
Vornado Scores Big at Vintage Manhattan Building
A refinancing yields $192 million in proceeds for the REIT.
Top 5 Retail Space and Office Building Sales
PropertyShark compiled the top 5 sales in office and retail for November 2016 in New York City.
GM Plans $334M Upgrade of Upstate NY Plants
The Detroit-based company intends to expand and modernize three of its facilities.
JLL Expands Philadelphia Team with 2 New Additions
Brett Grifo has joined JLL as Senior Vice President and Larry Maister as Managing Director.
HFF Lends a Hand to Windsor Management
The company arranged $58 million in financing for four properties located in New York and Connecticut.
NYC’s 441 Ninth Ave. Lands Two New Owners, Makeover
A partnership between Cove Property Group and Baupost Group paid $330 million for the 423,000-square-foot building.