Northeast
JLL Wins 15.4 MSF Industrial Portfolio Management Assignment from IndCor
Jones Lang LaSalle becomes the latest commercial real estate services firm to snag an industrial-portfolio management contract from IndCor Properties with a 15.4 million-square-foot signing.
Meridian Capital Obtains $85M in Financing for Hotel Chelsea
The Hotel Chelsea gets a new owner and a new plan for a makeover with an $85 million financing package orchestrated by Meridian Capital Group L.L.C. on behalf of the Chetrit Group and Clipper Equities.
New Boston Fund Promotes from Within to Advance Growth Strategy
New Boston Fund is making moves to increase its presence in key markets in the Northeast, Mid-Atlantic and Southeast, and CFO and COO Tim Medlock has just been appointed to the position of president.
Phoenix, Orbach Snap Up Three AIG Apartment Properties for $46.5M
Phoenix Realty Group and The Orbach Group have just increased their presence in Central New Jersey’s apartment market by 472 units with the acquisition of three properties from AIG for $46.3 million.
Pharmaceutical Firm Novo Nordisk Signs for $215M of Space in NJ
In a big win for New Jersey, the Danish pharmaceutical company Novo Nordisk Inc., signed a $215 million agreement to renovate and upgrade a 770,000-square-foot office building in Plainsboro, N.J.
Pebblebrook, Denihan Complete JV on $910M NYC Hotel Portfolio
Pebblebrook Hotel Trust and Denihan Hospitality Group have wrapped up a joint venture that recapitalized a portfolio of six Denihan-owned hotels in Midtown valued at $910 million.
Hines, New York Retirement Fund Create $1B Office JV
Hines and the New York State Common Retirement Fund have formed a joint venture, Hines Corporate Properties II, that has been capitalized with $500 million of equity and will allow for the investment of more than $1 billion.
Westfield to Invest $612.5M in New WTC Retail Joint Venture
The World Trade Center redevelopment has taken a big step forward, with the Westfield Group entering into a JV with the Port Authority for $612.5 million.
USAA, RXR, Broadway Partners JV for 750 KSF NYC Recap
The U.S. Republic Core Fund, an affiliate of USAA Real Estate Co., along with RXR Realty and Broadway Partners, announced the recapitalization of 340 Madison Ave.
Update: Creating the Big Picture for the WTC Site
At a reception hosted by CoreNet and Silverstein, preeminent developers, tenants and property managers of the WTC site discussed future plans, current signings and past successes on the leasing and development sides.