Northeast
Top 10 NYC Commercial Property Sales Recorded in March 2016
Check out the ten most expensive commercial real estate deals recorded in NYC! The March 2016 data shows a substantial demand for development sites and mixed-use buildings. 1. 163 Front Street, Manhattan & 80-83 South Street, Manhattan Sale Price: $390,000,000 Buyer: Oceanwide Center NY LLC Seller: 80 South, LLC This two-building deal encompasses 163 Front Street and 80-83 South Street in Manhattan’s Financial District. YIMBY reports the newest flip of this development site property as a package deal with 820,000 square feet. The seller, Howard Hughes Corp., bought the South Street site for $100M in 2014. A plan for…
Unique Luxury Resort at Loon Mountain to Open Next Month
The first 79 upscale suites of the RiverWalk Resort in the White Mountains are close to completion and reservations are already being accepted.
Wholesale Retailer Relocates and Quadruples Headquarters in Soho
Boxed will occupy the entire 12,912-square-foot second floor at 451 Broadway, after a four party transaction executed by Savills Studley.
Philadelphia CVS Pharmacy Purchased in 1031 Exchange
A CVS Pharmacy located in the Holmesburg neighborhood in northeast Philadelphia has changed ownership in a tax deferred transaction brokered by Greysteel.
Confluence Signs 40 KSF Lease for New Pittsburgh Global HQ
The company will be moving its headquarters to Nova Place, Faros Properties’ 1.5 million-square-foot office redevelopment project in Pittsburgh.
Delaware Firm Buys 2,000-Unit Self-Storage Portfolio in Metro New York
A 2,000-unit self-storage portfolio made up of two facilities in Port Chester, N.Y., and New Haven, Conn., changed hands for a total of $25 million, or more than $218 per square foot.
Three-Point Play for Phillips Edison Grocery Center REIT II
The Cincinnati-based REIT recently acquired three grocery-anchored shopping centers located in Georgia, Florida and New York.
First Luxury Residential Hotel in NYC’s New Downtown Opens This Spring
Korman Communities opened its first luxury residential hotel in downtown Manhattan, offering premium services and top-of-the-line furnishings.
88-Key Hampton Inn Welcomes First Guests in Suburban Pittsburgh
The latest Hampton by Hilton is now open in the Wexford suburb of Pittsburgh, offering easy access to nearby parks and sports arenas.
Davidoff Debuts Flagship Manhattan Store
The Swiss maker of luxury tobacco products recently opened a new global flagship store in the Financial District.
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