Northeast
Regency Tests N.Y. Waters with $73M Long Island Retail Buy
Regency Centers has just made its first foray into New York with a $72.5 million purchase of Lake Grove Commons with its co-investment partner, First Washington Realty Inc.
Marcus & Millichap Opens Office in White Plains, N.Y.
It’s not just Manhattan that’s attracting investors to New York, and Marcus & Millichap Real Estate Investment Services has made a move to expand its services in the state with the opening of a new office in White Plains.
Record-Breaking Historic Redevelopment Moves Forward in Massachusetts
The town of Quincy, Mass., has taken the next step in its future plans. A partnership with the city’s Street-Works Development and The Beal Cos. has committed to drive forward a $1.6 billion redevelopment of Quincy’s Downtown.
CBRE: Manhattan Office Market's Rebound Continues
According to a briefing by CBRE Group, the office sector’s recovery continues to be hit-and-miss around the country, but in the nation’s largest city, 2011 marked another year of steady improvement.
Invesco Takes 220 KSF Boston Office Tower for $75M
An institutional client of Invesco Real Estate has set its sights on Boston, picking up a 220,311-square-foot Class A office property from Millennium Partners for the price of $75 million.
Cushman: Manhattan Office Vacancies at Lowest Rate in Two Years
New York City’s year-over-year office-leasing activity for 2011 exceeded 2010’s volume by more than 16 percent, according to a new report by services firm Cushman & Wakefield.
SL Green Adds to NYC Office Portfolio with $252M, 390 KSF Pickup
SL Green has made yet another pickup in Midtown New York City with its $252.5 million acquisition of 10 E. 53rd St. The 390,000-square-foot, 37-story office tower sits between 5th and Madison Avenues in the city’s Plaza District and is currently the headquarters of publishing company Harper Collins.
Colliers: Outside Factors Force Manhattan Office Pause
Describing the larger real estate picture around the United States as “tenuous,” a new report by Colliers International says the supply-and-demand balance of the Manhattan office market will remain virtually unchanged in the first few months of 2012 due to the combined impact of the larger worldwide economic situation.
Vornado, HFZ Buy Upper East Side Apartment Building for $170M
A joint venture of Vornado Capital Partners and HFZ Capital Group has purchased 11 E. 68th St. in New York City for $170 million plus closing costs and adjustments.
Cuomo’s Convention Center Plan: A Gamble in Any Form
While New York Gov. Andrew Cuomo’s plan for the $25 billion revitalization of the state — including a convention center, hotel and casino in Queens — is ambitious, is it the right move?