Northeast
Concord Hospitality Plans Hyatt House Hotel for Jersey City
Concord Hospitality Enterprises is developing a 258-room Hyatt House hotel in the Exchange Place district of Jersey City, N.J.
Shorenstein Gets $170M Loan from MetLife for Manhattan Asset
MetLife Inc. has provided Shorenstein Properties L.L.C. with $170 million in financing for 850 Third Ave., a 21-story, 615,000-square-foot office building on Manhattan’s East Side.
Meridian Finances 1412 Broadway Purchase
Meridian Capital Group L.L.C. provided $165 million in permanent and mezzanine financing for the purchase of 1412 Broadway in Manhattan.
Forest City, Greenland USA Rename $4.9B Atlantic Yards
Greenland Forest City has just changed the name of the 22-acre mixed-use development to Pacific Park Brooklyn.
New York REIT to Acquire Twitter HQs in Manhattan for $335M
New York REIT Inc. has entered into a purchase and sale agreement to acquire Twitter’s 282,000-square-foot East Coast headquarters in Manhattan for a reported $335 million from Savanna.
KSG Grabs Hidrock’s SpringHill Suites New York for $82M
Malaysian company KSG Enterprises Ltd. is expanding its presence in the U.S. with the purchase of SpringHill Suites New York Midtown Manhattan/Fifth Avenue.
Guest Column: FiDi’s Growing Hotel Market
Massey Knakal’s Andrew Posil and Will Suarez see continued growth in the FiDi hotel market in Lower Manhattan.
Normandy Taps Transwestern to Lease 352 KSF Office Park in NJ
Normandy Real Estate Partners has hired Transwestern to be its exclusive leasing agent for Park Place, a 30-acre premier corporate office complex in Florham Park, N.J.
SL Green Trades 3 Manhattan Assets for $656M
SL Green Realty Corp. is disposing of three Manhattan assets in separate deals totaling $656 million that will generate $240 million in cash proceeds for New York City’s largest landlord.
MediaMath Signs 15-Year Lease in Downtown NYC
MediaMath has signed a 15-year, 106,000-square-foot lease at 4 World Trade Center, becoming the 72-floor tower’s first private-sector tenant.