Northeast
Hackman Capital, Calare Properties Purchase 448 KSF Manufacturing Site in Massachusetts
In a joint-venture purchase, Hackman Capital and Calare Properties have made their strong presence in the Massachusetts industrial market even stronger. The two recently acquired the former Evergreen Solar Plant, a 448,000-square-foot manufacturing facility in suburban Boston.
Broad Street, Crow Holdings Spend $85M on 208 NYC Apartment Units
Broad Street Development and Crow Holdings have partnered on an $85 million investment for two buildings in Manhattan’s Gramercy Park neighborhood.
Morgan Stanley Signs 1.2 MSF Office Lease at NYC's One New York Plaza
In the largest single-asset office lease in New York City since 2008, Morgan Stanley has signed a lease for 1.2 million square feet of space at One New York Plaza with Brookfield Office Properties.
TIAA-CREF Picks JLL as Leasing Manager for 475 Fifth Avenue in NYC
The Manhattan office building at 475 Fifth Ave. came under new ownership last fall when TIAA-CREF acquired it for $144 million, and now it has come under new management. Jones Lang LaSalle has been chosen to serve as the exclusive property manager and leasing agent for the 280,000-square-foot asset.
KBS Legacy Partners Acquires 255-Unit Multi-Family Property Outside Baltimore for $65M
KBS Legacy Partners Apartment REIT has just completed the purchase of the 255-unit The Residence at Waterstone in Pikesville, Md., taking it off the hands of Avalon Village Green Associates for $64.7 million.
Manhattan Multi-Family Sees Price Increases
According to Brown Harris Stevens’ first-quarter 2012 Manhattan Residential Market Report, the average Manhattan apartment sale price was about $1.9 million, up 9 percent from the same period in 2011.
Red Hat Commits to 100 KSF of Build-to-Suit Office Space in Boston Suburb
Four years after moving into a build-to-suit facility at the 90-acre Westford Technology Park West in Westford, Mass., Red Hat Inc. has contracted the developer of the building, The Gutierrez Co., for another Class A build-to-suit office project that will expand the firm’s occupancy by an additional 100,000 square feet.
MRA Group Sells 800 KSF Pennsylvania Tech Park
MRA Group has sold TEK Park, an 800,000-square-foot technology campus in Pennsylvania’s Lehigh Valley, to a New York-based investment group for more than $50 million.
Equity One to Build 133 KSF Retail Center in the Bronx
The New York City Economic Development Corp. has awarded a project to develop a retail development in the Bronx to Equity One, which won the NYCEDC’s approval with a $54 million, 133,000-square-foot proposal.
New Tishman JV Acquires Stakes in Office Portfolio in Deal Estimated at $1.6B
A joint venture between Tishman Speyer and an unidentified large pension fund has acquired the assets of Tishman Speyer Office Fund, an Australian listed property trust/REIT, in a deal worth a reported $1.6 billion.