Northeast
Developer Must Pay NYC $4.4M in Back Taxes for Running Illegal Hotel
Affiliates of Los Angeles developer CIM Group must pay $4.4 million into a special New York City fund after an investigation by the State Attorney General’s office found it had been running an illegal extended-stay hotel in Manhattan while receiving affordable housing tax breaks.
Provident Closes Development Loan for Shopping Center in Clark, NJ
The Provident Bank has uncovered a sound financing opportunity in Clark, N.J.
CDP Capital Signs On Avenue of the Americas
Cushman & Wakefield reps CDP Capital in a 19,066-square-foot lease in Midtown Manhattan.
CBRE Global Investors Continues Growth in Suburban NYC Markets
CBRE Global Investors has taken advantage of North Jersey’s proximity to New York City and yet still cheaper rents with its latest transaction.
Rubenstein Partners JV Grabs Two Properties in Cincinnati
Rubenstein Partners has joined forces with SCP Elm Plum and Parkway Corp. on a Cincinnati acquisition.
Opus, Carlson Collaborate on Business Park in Minneapolis
The Opus Group has inked an agreement with Carlson Real Estate Co. to build out 35 acres.
Luxury Hotel in Philadelphia Market Lures Lenders
An adaptive re-use hotel in the City of Brotherly Love has gotten a financial boost from lenders.
A New Buying Binge for Carey Watermark?
Carey Watermark was more than a little acquisitive in 2014 and 2015 could bring more of the same.
Fortress Renews, Expands Lease in Iconic Manhattan Tower
Sometimes staying put is the best choice, and Fortress Investment Group is living proof of that notion.
Phillips Edison Enters Ohio Market
In order to continuously enhance its portfolio diversification strategy, Phillips Edison has made its first purchase in Ohio.