Northeast
Renovation of LaGuardia to Take Flight
The Port Authority of New York & New Jersey recently gave the green light for the $4 billion redevelopment of LaGuardia Airport.
Remaking History
Investor/developer Ed Riley is redeveloping the historic Hotel Syracuse in Downtown Syracuse, N.Y. The complicated $70 million effort ranks among the country’s largest hotel restoration projects. Flying the Marriott flag, the hotel is set to reopen in July 2016.
Retail Asset Changes Owners near Jersey Shore
The Plaza at Cape May Court House grocery-anchored retail center in New Jersey has been sold for $23.1 million.
New York City REIT to Buy Midtown Manhattan Office Asset
American Realty Capital NYC REIT will pay $180 million to acquire the Manhattan office asset from an affiliate of The Blackstone Group.
Compass Expands in Philadelphia with Third Location
The newest Compass Self Storage location in Philadelphia will allow customers remote gate access via a smartphone app.
Self-Storage Asset in Fairfield County Commands $19M
Marcus & Millichap has arranged the sale of Affordable Self Storage, a 77,760-net-rentable-square-foot facility in Norwalk, Conn.
Building Engines Taps New Head of Research
Meet Phil Mobley, Boston-based Building Engines’ new head of research.
Fulton Center is the First Subway Station to Receive LEED Rating
The MTA has been awarded LEED® Silver certification for Fulton Center on Broadway between Fulton and Dey Streets in Manhattan’s Financial District.
Two Rector St. in Lower Manhattan Gets New Ownership Group
A joint venture between MEPT and Cove Property Group has acquired the 26-story office tower for a reported $225 million.
MIC Network Signs 36 KSF Lease at One World Trade Center
The media company will take up the entire 82nd floor of One World Trade Center, bringing the tower’s occupancy to 67 percent.