Northeast
Fallon, Drew Move Ahead on Big Boston Residential Projects
Developers like The Drew Co. and The Fallon Co. are taking note as demand for apartments in Boston continues to soar and the call for condominiums is on the upswing.
Cassidy Turley, JLL Secure Leasing Contracts Totaling 1.2MSF
Real estate companies and companies with real estate—they’re all doling out third-party real estate services contracts, big and small, and Cassidy Turley and Jones Lang LaSalle are among the latest services providers to secure office leasing assignments.
Paramount/Colony Capital JV Closes on $481M Deal for Queens Trophy Tower
A joint venture of Paramount Group Inc. and Colony Capital L.L.C. bought the 50-story, 1.4 million-square-foot asset, which is the tallest New York City building outside of Manhattan.
Paramount/Colony Capital JV Buys Queens Trophy Tower For Estimated $475M
Fully leased to Citigroup, the 1.4 million-square-foot, 50-story One Court Square is the tallest building in New York City outside of Manhattan.
DreamWorks to Design Theme Park for $3.7B N.J. Meadowlands Project
The DreamWorks indoor theme park will be a major attraction for American Dream at Meadowlands, the 7.5 million-square-foot project that Triple Five is developing in East Rutherford, N.J.
Blackstone Sells DiamondRock Hotels, Wins Stake in Hotel Company
DiamondRock Hospitality Co. has agreed to buy four hotels from The Blackstone Group for $495 million in an off-market deal that also calls for Blackstone to take a $75 million stake in DiamondRock.
U.S. Leads Global Investment Sales as NYC Flexes Muscles: Cushman & Wakefield Midyear Update
U.S. investment sales are expected to reach $253 billion in 2011, a 25 percent jump compared to 2011. In the nation’s biggest office market, fundamentals remain sound.
Simon Obtains Restructuring on $291M Retail Malls Loan
With Talmage L.L.C. acting as special servicer, the $291 million loan on the Cadillac Mills Portfolio has been modified and restructured. The portfolio encompasses three regional malls totaling 2.8 million square feet.
Vornado Buys, Sells–and Pulls Back Its Veil
Vornado had a busy 4th of July week, with nearly $1.3 billion in deals. But in announcing its array of purchases and dispositions, it has also been pursuing a new “transparency” strategy. What remains to be seen is how the market will react to everything it’s doing.
Chesapeake Lodging Trust Nabs $60M Loan
Relying on two key Manhattan properties as collateral, Chesapeake Lodging Trust has obtained a $60 million loan through Wells Fargo Bank N.A. The two-year term loan’s structure is multi-faceted, to say the least.