Northeast
Meridian Arranges $142M in Financing for 2 MSF Detroit-Area Office Complex
Meridian Capital Group has arranged a $142 million mortgage on behalf of 601 West Cos. for the latter’s purchase of Southfield Town Center in Southfield, Mich.
Thor Equities, Rockwood Capital Buy NYC’s Upper West Side Apartment Property
Acting through its new residential division, Thor Equities has joined forces with Rockwood Capital on the acquisition of 838 West End Ave., a 70-unit apartment property on Manhattan’s coveted Upper West Side.
STRS Sells 529 KSF Office Property in Parsippany, NJ to Brookwood
STRS Ohio has sold Morris Corporate Center 1 & 2, a 529,362-foot trophy office property in Parsippany, NJ to Brookwood Financial Partners for $82 million.
Microsoft Helps Boost Detroit’s Tech Neighborhood
Advancing Detroit’s reputation as a burgeoning technology cluster, Microsoft has committed to setting up shop at the M@dison Building, Rock Ventures’ five-story office building that serves as the anchor of the M@dison Block, the city’s high-tech entrepreneurial corridor.
KBS, Savanna Buy 110 William St. in Manhattan for $261M
Savanna and KBS Capital Advisors will make “comprehensive capital improvements” to 110 William St., the 32-story office building they have acquired from Swig Equities and the Dubai Investment Group.
The NYC Affordable Housing Plan: The Complexities of a $41B Endeavor
New York City Mayor Bill de Blasio’s new $41 billion affordable housing plan, Housing New York: A Five-Borough, Ten-Year Plan, covers a lot of ground. And it has to. Here are some specifics and how they could be accomplished.
NYC Mayor “Thinks Big” with New $41B Affordable Housing Plan
New York City Mayor Bill de Blasio has unveiled his $41 billion plan for addressing the ever-increasing need for affordable housing — for both low- and middle-income individuals — in New York City. The Housing New York: A Five-Borough, Ten-Year Plan is an ambitious endeavor, to say the least.
Neuberger Berman Takes 355 KSF at Vornado’s 1290 Avenue of the Americas
The investment management firm will relocate to the Midtown Manhattan trophy tower in late 2016 after 24 years at 605 Third Ave.
Rechler Equity Breaks Ground on $100M M-U Project in Hamptons
The highly anticipated Hampton Business District at Gabreski, a unique $100 million mixed-use development at Francis S. Gabreski Airport in Westhampton Beach, N.Y., has gotten underway.
Tishman Speyer Acquires Rights to Develop 3 MSF Tower in Hudson Yards District
Tishman Speyer has become the latest developer to plan a mixed-use tower in the growing Hudson Yards district on Manhattan’s Far West Side.