Northeast
Gramercy Extends Portfolio with 12 Industrial Buildings in U.S. and Canada
The 12 industrial assets are located in major markets and were acquired for $115.2 million. Gramercy assumed four mortgages for the transaction.
Equity Commonwealth to Sell Hoboken Office Asset for Tidy Sum
Equity Commonwealth will sell the 13-story tower to Mack-Cali Realty Corp.
Steinbridge Group Appoints First CEO
Former Wall Street and NYC Economic Development Corp. executive Tawan Davis has joined the Steinbridge Group as the first-ever CEO.
North Boston Office Asset Commands $22M
The new owner plans to turn the four-story building at 200 Exchange St. into a mixed-use facility featuring retail, a data center, and almost 200,000 square feet of creative office space.
Chevron Partners Shells Out $24M for Boston’s Sears Crescent Building
The 50,300-square-foot building completed in 1816 was fully leased at the time of sale to 14 tenants.
U-Haul of Newport Expands with Property Acquisition
Movers in and around Newport will have more self-storage options with the upcoming expansion at U-Haul Moving & Storage of Newport at 111 Connell Hwy.
HFF Lines Up Financing for Suburban Philly Shopping Center
In a deal facilitated by HFF, The Hampshire Cos. and MCB Real Estate received a $21.7 million acquisition loan for Drexeline Shopping Center in Drexel Hill, Pa.
Procaccianti Group’s Hotel Division Promotes New President & CDO
Meet Paul Sacco, president & chief development officer of TPG Hotels & Resorts, a division of the Procaccianti Group.
Report Details NYC’s Ambitious Environmental Plan
New York rolls out strategy for reducing the carbon footprint of its buildings.
ULI Special Report: REITs Revitalize Philly’s Market Street
ULI 2016 Spring Meeting attendees toured recent and under-construction properties from Brandywine Realty Trust and Liberty Property Trust that are transforming Center City.