Northeast
Vornado Nets $126M in 11 Penn Plaza Refi
Vornado Realty Trust rang out the old year by completing a $330 million refinance for 11 Penn Plaza, a 1.1-million square-foot office building in Manhattan.
Building and Land Technology Picks up 614 KSF Stamford Office Complex
Building and Land Technology, one of the largest property owners in Connecticut’s Fairfield County, has just acquired 695 E. Main St. in Stamford. The new owners will be renaming the 614,000-square-foot office complex the BLT Financial Center.
CPE's Top 11 in '11
Taken as a whole, 2011 was something of a tumultuous year, but an interesting time for commercial real estate. CPE presents our top 11 stories from 2011.
Skanska Nabs $60M Renovation Contract in Pennsylvania
Skanska USA has reached an agreement on the Spring House research complex in Montgomery County, Pa., securing a $60 million contract from Janssen Research & Development L.L.C. to provide construction-management services.
Newmark Knight Frank to Lease, Manage 2 MSF NYC Office Portfolio
Newmark Knight Frank just added 2 million square feet of responsibilities to its plate. The real estate services firm has won a leasing and management assignment for a 19-property Manhattan office portfolio owned by The Rosen Group Inc.
Equity One Sells 36 Shopping Centers for $473M to Blackstone
Continuing its capital-recycling strategy and the refocusing of its portfolio, Equity One has completed the sale of a 3.9 million-square-foot shopping-center portfolio to Blackstone Real Estate Partners.
SL Green Gets $86M Loan for Stamford's Landmark Square
SL Green Realty Corp., with Cushman & Wakefield Sonnenblick Goldman acting as its adviser, just received an $86 million senior mortgage for Landmark Square in Stamford, Conn.
Manulife Enters NYC Office Market with $285M Jersey City Buy
Manulife Real Estate has picked up the 30-story, 748,000-square-foot 10 Exchange Place in Jersey City for $285 million from Atlanta-based Invesco.
CBRE Sells Jersey’s Met Center to KBS REIT Affiliate for $105M
CBRE Group Inc. has sold the 421,000-square-foot Metropolitan Center in East Rutherford, N.J. for $104.9 million to an affiliate of KBS Real Estate Investment Trust II.
HFF Arranges Funding for Boston-Area Mall, Houston Hotel
In separate transactions, Holliday Fenoglio Fowler has secured refinancing for two properties: a regional mall in suburban Boston and a boutique hotel in Houston.