Northeast
Highwoods Picks Up Pittsburgh’s PPG Place for $214.1M
Highwoods has purchased Pittsburgh’s 1.5 million-square-foot PPG Place for $214.1 million, snapping it up from Market Associates L.P., an affiliate of The Hillman Co.
125 KSF Lease by MSCI Brings 7 WTC to Full Occupancy
Slightly more than a week after the tenth anniversary of 9/11, the World Trade Center site has achieved another milestone: The first completed tower, 7 WTC, has reached full occupancy with the signing of MSCI Inc. to a 125,000-square-foot lease.
GGP Refinances Staten Island, Boise Malls for $413M
Refinancing debt-laden properties has been a high priority for General Growth Properties since emerging from Chapter 11, and to that end, the company refinanced Staten Island Mall in New York and Boise Towne Square in Idaho for an aggregate $413 million.
Cassidy Turley Becomes a Big Player in Boston with FHO Partners Buy
With its purchase of Boston’s FHO Partners, Cassidy Turley has moved into the forefront of Boston real estate and is looking to take advantage of a market in recovery mode.
SPECIAL REPORT: Greenburger Reveals How Time Equities Prices Real Estate
New York City real estate may be susceptible to the effects of current global economic developments, but it is likely to continue to rank among the world’s top-performing investment markets long into the future, suggested Francis Greenburger, chairman & CEO of Time Equities Inc.
RiverOak Launches $300M Retail Fund
RiverOak Investment Corp. L.L.C. is setting its sights on urban retail primed for repositioning with the initiation of a new investment vehicle, RiverOak Urban Retail Investors Fund I, with the goal of securing commitments totaling $300 million.
Empire State Building Turns (LEED) Gold
After receiving its Energy Star certification in July, the second consecutive year of the distinction, the Empire State Building was certified as LEED Gold earlier this week, making it the tallest building in the country to receive the certification.
TIAA-CREF Buys Boston’s 33 Arch St. from AREA Capital
The 33-story, Class A office tower at Boston’s 33 Arch St. in the Financial District just moved off the books of AREA Property Partners and its partner, Ivanhoé Cambridge, and into the rolls of TIAA-CREF.
Sutton, SL Green JV Nabs 49 KSF in Times Square for $136.6M
After securing rights to the fee interest in 1552 Broadway in Manhattan’s Midtown market earlier this year, a joint venture of SL Green Realty Corp. and Jeff Sutton announced that it has entered into a 70-year leasehold at the adjacent 1560 Broadway for $136.6 million.
Feature: Ten Years Later, What Have We Learned?
Even for famously immodest Manhattan, the 16-acre WTC redevelopment project is an exercise in superlatives. But the significance of the World Trade Center’s redevelopment – and the shattering event that precipitated it a decade ago – extends far beyond the boundaries of the site.