Northeast
Vornado, Kushner JV to Recap NYC's 666 Fifth Ave.
A new co-owner steps in at 666 Fifth Ave., a 1.5 million-square-foot office tower in Manhattan, as Vornado Realty Trust establishes a joint venture with an affiliate of the Kushner Cos.
Nearly $1B in Assets Backs Jamestown Fund Launch
Capitalizing on the strength of three recent trophy acquisitions, Jamestown has moved into the public phase of its new vehicle Jamestown Premier Property Fund.
NYC's Mercedes House Gets $229M in Financing
Thanks to Wells Fargo and JPMorgan Chase, Two Trees Management Co. now has a $229 million construction-financing package to commence the 850-unit second phase of the gargantuan Mercedes House complex on Manhattan’s Far West Side.
LNR Land Buy Paves Way for SouthField Development
LNR has finalized a deal on 830 acres of land, which gives the company the final piece of property earmarked for the planned $2.5 billion SouthField development near Boston.
Archstone Partnership Pays $131M for NYC High-Rise Apartment
Archstone has purchased Eastbridge Landing, a 209-unit apartment building in Manhattan, for $131 million from Madison International Realty and RFR Holding, the latter of which developed the asset in 1998.
BioMed Completes $343M Purchase of Cambridge Office/Lab Buildings
BioMed Realty Trust of San Diego has entered into a definitive agreement to acquire, for approximately $343 million, Prudential Real Estate Investors’ remaining 80 percent interest in two laboratory/office buildings.
Ranieri Acquires Occom Capital, Establishes Two Services Groups
Bolstered by its recent acquisition of Occom Capital Partners, a boutique real estate investment banking and advisory firm, Ranieri Real Estate Partners has established two new advisory services groups: Ranieri Real Estate Advisors and Ranieri Situs Solutions.
Burger Named Co-CEO of Silverstein
In an effort to continue the firm’s ongoing expansion outside its New York City base, Silverstein Properties Inc. has announced the appointment of Martin Burger as co-CEO. Burger, who joined Silverstein in February 2010, will now work directly alongside president & CEO Larry Silverstein.
Baltimore Breaks Ground on $72M Mixed-Used Union Wharf Project
Bozzuto Group yesterday broke ground on the Baltimore’s $72 million Union Wharf project, a mixed-use waterfront development in the city’s Fells Point neighborhood.
KTR Closes on 7.8 MSF of Industrial Across Five Markets
KTR Capital Partners has just closed on 7.8 million square feet of industrial space across 18 buildings located in central New Jersey, Chicago, Dallas, Atlanta and Columbus, Ohio.