Northeast
Colliers: Global Markets to Fuel NYC Recovery
According to Colliers Tri-State chief economist Peter Kozel, New York continues to function as a major growth engine, with the local economy a significant beneficiary of capital markets activity. Kozel said no other U.S. city will profit as much from the global economic rebound.
Colliers Taps Tuminelli as Executive Managing Director
Vince Tuminelli brings with him a focus on tenant representation.
HFF Closes $44M Refinancing for Manhattan Retail Condo
The refinancing is on a retail condominium at 599 Broadway in Manhattan’s SoHo area.
Novartis to Shell Out $600M for Cambridge Research Headquarters Expansion
Cambridge, Massachusetts’ biggest employer is about to get even bigger.
Ventas Portfolio, Profile to Swell with $3.1B Atria Purchase
A new deal is turning heads in the seniors housing market, a deal that will put Ventas Inc. at the very head of the table: namely, the healthcare REIT’s definitive agreement to acquire 118 premier properties from Atria Senior Living Group, the nation’s fourth-largest assisted living property operator, in a transaction valued at $3.1 billion.
Ground Breaks on $220M Rehab Facility at Boston’s Charlestown Naval Yard
Integrated health care system Partners HealthCare is behind the development, which will yield a 240,000-square-foot building to replace the existing 40-year-old rehab center on Nashua Street.
HFF Arranges $80M in Financing for New York’s Puck Building
Listed on the National Register of Historic Places, the Puck Building was originally built in 1885 and was the headquarters of satire publication Puck Magazine.
Dassault Systèmes’ 320,000 SF Lease is Boston’s Biggest of 2010
The company has just signed a long-term deal to occupy 320,000 square feet of Class A office, lab and data center in Waltham, Mass.
Ark Partners Launches 250-Key Luxury Hotel in Midtown Manhattan
Ark’s 57th Street hotel will debut in 2013, which may well be a good time to open a new property in New York City.
Anthem Blue Cross in Connecticut Leases 218,000 SF at Would-Be Home of Failed Mortgage Lender
The Campus at Greenhill in Wallingford, Connecticut, a nearly completed 300,000-square-foot office building that had been slated to become the new home of the now-failed Mortgage Lenders Network USA Inc., lands a big fish to occupy two-thirds of the property.