Northeast
Healthcare Trust of America Spends $54M on 558 KSF Pittsburgh Office Building
The 558,000-square-foot Penn Avenue Place office tower in Pittsburgh, Pa., has just become a part of Healthcare Trust of America Inc.’s portfolio. The company acquired the asset from an affiliate of Oxford Development Co. in a $54 million transaction.
Savanna, Panzer Partner to Close $196M Multi-Family Transaction on Long Island
With the finalization of a $196 million transaction, Savanna has become a partner with Pantzer Properties in the ownership of Atlantic Point, a 795-residence multi-family community in Bellport, N.Y., on Long Island.
DivcoWest Makes $71M Office Buy in Cambridge
DivcoWest has spent $79 million on The Davenport, a 220,000-square-foot Class A office property in Cambridge, Mass. The firm picked up the property from a client of AEW Capital Management.
Cole Spends $53M on New Jersey Office Building
Cole Real Estate Investments has made another addition to its portfolio in the New Jersey area, this time picking up a 176,000-square foot, Class A office building for $53 million from The Hampshire Cos.
Brookfield Refis Five Multi-Family Properties for $400M
In a deal arranged and closed by HFF, Brookfield Real Estate Financial Partners has secured a $400 million, seven-year, floating-rate refinance loan from M&T Realty Capital Corp. for a 2,600-unit multi-housing portfolio.
Vornado Refis NYC's 100 W. 33rd for $325M
Vornado Realty Trust’s flurry of activity in Manhattan continues as the REIT wraps up the refinancing of 100 West 33rd St., a mixed-use office property encompassing 1.1 million square feet. The transaction marks the completion of Vornado’s third Manhattan refinancing deal this year.
Avison Young Opens Bethesda, Reno Offices
Avison Young, the largest independently owned commercial real estate services firm in Canada, continues its rapid expansion south of its border with the purchases of Bethesda, Md.-based Realty Management Co., and the opening of an office in Reno, Nev.
Tryko Partners Makes Two Baltimore-Area Multi-Family Pickups
Tryko Partners L.L.C. is having a busy week, as the firm has just picked up Park Raven, a 253-unit apartment community in Baltimore, and Perrywood Garden, a 184-unit property in nearby Aberdeen, Md.
NKF Nabs Contract to Lease Boston's Faneuil Hall
Ashkenazy Acquisition Corp., the manager of Boston’s Faneuil Hall Marketplace, has awarded Newmark Knight Frank the contract for office-positioning and leasing responsibilities for the city landmark.
CBRE: 2012 Expected to be Strong Year for Manhattan Hotels
Last year was a good year for the Manhattan hotel market and, according to CBRE Group Inc.’s Winter 2012 Snapshot, this year will bring more of the same: solid performance and rising investment sales volume.