Northeast
Madison Realty Provides $66M in Financing for 3 M-U Properties in Queens
Madison Realty Capital has closed on $66 million in bridge financing for three adjacent properties in Flushing, N.Y., owned by the same borrower, who plans to lease up and stabilize the properties following the refinancing.
Village Green to Transform Historic Cincinnati Office Building into M-U Property
Luxury apartment owner Village Green has acquired the historic office building at 309 Vine St. in Cincinnati, with plans of redeveloping the 300,000-square-foot property into a mixed-use apartment destination.
ULI Special Report: Insights from NY’s Century-Long Efforts to Become a Global City
A panel of three leading experts offered insights on how the city managed to overcome challenges and create its impressive infrastructure of buildings, bridges, highways, subways, parks and airports at the 2014 Urban Land Institute Fall Meeting that was held in Manhattan in October.
The Rockefeller Group to Acquire Majority Interest in TA Realty
The Rockefeller Group is expanding its global investment management platform with the acquisition of the majority stake in Boston-based TA Realty L.L.C.
ULI Special Report: Strong Rental M-F Market Driven by Record Student Debt, Cautious Millennials
“Do we have a boom or do we have a bust in the multi-family industry?” John Healy, co-founder & principal of Hyde Street Holdings, asked that question as he opened the “Rental Multifamily Housing: New American Dream or Classic Bubble?” panel at the Urban Land Institute’s Fall Meeting, held in Manhattan last week.
Fifth Third Bank Signs 62 KSF Lease in Downtown Detroit
Downtown Detroit’s office market gets a big shot in the arm with Fifth Third Bank Eastern Michigan’s commitment to relocating its headquarters from the ‘burbs’ to 62,000 square feet of space at the landmark One Woodward Ave. office building.
National RE, KRE Group Break Ground on Jersey City M-U Tower
National Real Estate Advisors and the KRE Group have officially broken ground on Journal Squared, a three-tower, mixed-use development adjacent to Jersey City’s Journal Square PATH Station.
Thor Equities JV Buys Manhattan’s 530 Fifth Ave.
Thor Equities continues building up its presence on Manhattan’s famed Fifth Avenue, closing on the purchase of 530 Fifth Ave., a 26-story office and retail building, for $595 million.
Forest City Selling 55% Stake in Barclay’s Center
Forest City Enterprises appears ready to sell its majority stake in the Barclays Center arena, the crown jewel in its $4.9 billion Atlantic Yards project in downtown Brooklyn.
NGKF Tapped to Lead Retail Leasing at NYC’s Grand Central Terminal
Newmark Grubb Knight Frank has won one of the most coveted retail leasing assignments at one of the best-known sites in the country: Grand Central Terminal.