Northeast
Hersha-Cindat $571M Hotel Deal to Involve 1031 Exchanges
Hersha’s sale of seven Manhattan hotels, totaling almost 1,100 rooms, to the Chinese firm is a strategic move for the hospitality company.
The Greystone Bassuk Group Hires Paul Fried As Executive Managing Director
Paul Fried joins The Greystone Bassuk Group, a joint venture between The Bassuk Organization Inc. and Greystone & Co. Inc., as executive managing director.
Compass Self Storage Enters Massachusetts
A 44,000 square-foot self-storage center will begin operating under the Compass flag in Taunton, Mass.
QIC, Forest City Enter JV for Westchester Regional Mall
One of Australia’s largest institutional investment managers has acquired a majority stake in the 1.3 million-square-foot Ridge Hill mall, extending its joint venture with Forest City.
Equity, Construction Financing Set for Lighthouse Point
HFF arranged the financing for the first phase of the $200 million mixed-use development on Staten Island’s waterfront, hoping to be a new “New York destination.”
SUNY Cortland Awarded $375K by NYPA to Improve Sustainability
SUNY Cortland was awarded $375,000 by the New York Power Authority to invest in energy efficiency systems.
Urgo Hotels & Resorts Snaps Up Four-Season Marriott at Lake George, NY
The six-story Courtyard by Marriott in Lake George is slated for mid-2016 and will be operated by Urgo Hotels & Resorts.
Forest City Bids Adieu to Stake in Barclays, Nets
As part of its new REIT structure, Forest City continues selling off assets in 2016, this time exiting the basketball business.
American Dream to Get Fashionable New Tenant
The 3 million-square-foot retail and entertainment development coming to Bergen County, N.J., has landed a tenant commitment from a top European fashion retailer.
99 Hudson St. to be N.J.’s Tallest Building
Jersey City will be home to New Jersey’s tallest building, bringing a mixed-use development that is part of an explosion of construction in the city.