Northeast
Dealing with an Earthquake’s Aftermath
The 5.9 shock that registered on the East Coast yesterday thankfully saw no injuries but served as a call to review precautionary measures for real estate and for infrastructure.
$78M Journal Square Building in Jersey Sold to Israeli Investors
In a $78 million transaction, Israel-based Gaia Real Estate purchased the nine-story 2 Journal Square property in Jersey City, N.J., from Hartz Mountain Industries.
Sale at Tufts in Boston Nets $112M for Daymark
Two medical-office buildings located on the Tufts University campus near Downtown Boston have just moved off the books of Daymark Realty Advisors and into the hands of ProMed Properties for a purchase price of $112 million.
Wyndham to Build New HQ in 250 KSF Office Tower
In a project that will be handled by Mack-Cali Realty Corp., Wyndham Worldwide announced that it will develop a 203,000-square-foot Class A office to consolidate its Parsippany, N.J.-based workforce on a single campus.
Avison Young Recaps 540 KSF in Boston
Taking advantage of its ability to lock in good financing, Avison Young recapitalized three commercial properties totaling 540,000 square feet in Boston and its suburbs.
CBRE Orchestrates $380M Financing Deal for NYC’s Chelsea Market
The popular NYC destination Chelsea Market underwent a $380M financing deal orchestrated by CBRE for Jamestown Properties.
Prewar Park Avenue Apartment Building Sells for $253M to Harry Macklowe
One of the more coveted addresses in New York City multi-family real estate has just moved off the books of the Katz 737 Corp. and into the hands of Harry Macklowe for a $253 million purchase price.
UDR to Acquire Dwell95 Apartment Building in NYC for $325M
UDR Inc. has purchased the premier 507-unit multi-family building known as Dwell95 in Lower Manhattan from The Moinian Group for $325 million.
RBS Provides $120M in Financing for 1.3 MSF Cold-Storage Portfolio
CBRE arranged $120 million in financing with RBS Securities Inc. to a iStar Financial Inc. affiliate for a 1.3 million square-foot portfolio of refrigerated-warehouse space located in seven states.
Hines, Pacolet Milliken to Kick Off New 450 MSF NYC Office Construction
Hines is joining forces with Pacolet Milliken to add 450,000 square feet of premium space to the increasingly tight Midtown Manhattan office market in a new office construction overlooking Bryant Park.