Northeast
Dubai Group Selects Ex-Lehman Execs to Manage $1.1B Portfolio
Silverpeak Real Estate Partners has been tapped by Dubai Group and its subsidiary to provide asset/investment management services for, and eventually restructure, a $1.1 billion commercial real estate portfolio in the United States and Germany.
Mack-Cali, Ironstate to Develop Jersey City Multi-Family Towers
The multifamily market in Jersey City, N.J., is heating up and Mack-Cali has formed a joint venture with Ironstate Development Co. to capitalize on the growing demand and erect a two-tower luxury apartment property along the waterfront.
Ad Agency Y&R Signs 340 KSF Lease, Acquisition Deal at 3 Columbus Circle in NYC
Young & Rubicam has staked a claim to nearly one-half of 3 Columbus Circle, a 765,600-square-foot office tower at 1775 Broadway in Manhattan.
SL Green Spends $80M, Now Owns Entire Block in Midtown
The latest Midtown pickup the approximately $80 million purchase of 51 E. 42nd St., an 18-story, 142,000-square-foot office building that faces Grand Central Terminal by SL Green.
TF Cornerstone Gets $265M Loan for Long Island City Project
TF Cornerstone has secured $265 million in financing from a consortium of four banks for the development of 4545 Center Blvd, an 850-unit luxury apartment high-rise that will sprout up in Long Island City, Queens.
In Depth: Lance Capital's Creative Financing Drives Brooklyn's 470 Vanderbilt Lease
While the ink has cooled on the lease signing at Brooklyn’s 470 Vanderbilt project, CPE was able to sit down with Lance Capital to see how creative financing terms pushed the deal through with the anchor tenant, the New York City Human Resources Administration.
$51.5M Bronx Multi-Family Purchase Leads to Green Redevelopment
Global One Real Estate Fund, in conjunction with the New York Affordable Housing Preservation Fund, a joint venture between L+M Development Partners and Citibank, has bought Lafayette Boynton from AREA Property Partners for $51.5 million.
Suffolk Breaks Ground on $220M Boston Residential Tower
Suffolk Construction has been busy in Boston, breaking ground on the $220 million, 390,000-square-foot Millennium Place III residential tower in Downtown — its second groundbreaking project in two weeks.
Hartz Mountain Purchases Jersey City’s 99 Hudson Site for $35M
Hartz Mountain Industries has snapped up the one-acre parcel at 99 Hudson in Jersey City in a transaction valued at $35 million.
JLL to Lease 1.1 MSF Office at 11 Times Square
SJP Properties, owner and developer of the year-old 11 Times Square in Manhattan, has tapped Jones Lang LaSalle to serve as the exclusive leasing agent for the 1.1 million-square-foot office tower.