Northeast
Ground Breaks on Dual-Branded Hotel in NJ
Alfred Sanzari Enterprises announced the groundbreaking on a 350-key property featuring both the Hampton Inn & Suites and Homewood Suites by Hilton brands.
EVEN Hotel Brand Thrives on ‘Wellness’
InterContinental Hotels Group recently opened its wellness-themed EVEN Hotel in New York.
Thor Equities Snags More SoHo Retail
Thor Equities has acquired two retail co-ops at 169 Mercer St. and 424 Broome St.
Related, Oxford Close Financing for Hudson Yards Tower
The first residential tower at Hudson Yards has received $1.3 billion in financing.
$1.3B Financing for Biggest Office Deal in Beantown
New York Life Real Estate Investors is giving a helping hand in a joint venture between Oxford Properties Group and a group of institutional investors advised by J.P. Morgan Asset Management.
Choice Hotels Brings Cambria Brand to Philadelphia
Choice Hotels has teamed up with Pearl Properties to develop a new Cambria hotel & suites in Center City.
Manhattan Office Building Commands $115M
The Lower Manhattan building was considered one of the most modern in the area in its heyday in 1901, and a joint venture plans to restore its former glory.
Trading Spaces
The numbers are in and September registered some important commercial real estate deals. PropertyShark research shows the nine figure deals were based in Manhattan, outside of the Citibank Tower in Queens, but Brooklyn boasted some hot transactions as well. Here are NYC’s top 10 commercial real estate deals recorded in September 2015. #1 575-589 Lexington Avenue, Manhattan Sale Price: $510,000,000 Buyer: Angelo Gordon & Co Lp Seller: Normandy Real Estate Partners Midtown-based investment firm, Angelo Gordon & Co closed on 575 Lex, a 624,883 SF, 35 story office tower in late August. The building, built in 1958, offers 38…
Engaging with Architecture in New Jersey
Q&A with Kimberly Bunn, president of the American Institute of Architects’ New Jersey Chapter.