Regions
Boston-Area Asset Inks 260 KSF in Leases
Owners National Development and AEW Capital Management signed long-term lease extensions with the two largest tenants of the mixed-use property.
Graycor Completes 1st Phase of TEN Distribution Center in Phoenix
The development is Foreign Trade Zone capable, allowing for reductions of up to 72 percent on real estate property and equipment taxes.
Manhattan Spec Office Gets $40M Construction Loan
HFF arranged the financing for the 10-story, 34,364-square-foot building. Construction is set to begin next month and the property is slated for completion in 2020.
HREC Brokers Midwest Hotel Portfolio Sale
Acting on behalf of The Raymond Group and North Central Group, the firm sold three Hampton Inn properties in Wisconsin and Iowa.
State Farm Insurance Sells NJ Office Asset
The firm sold a five-story, Class A trophy asset in Parsippany to a private buyer. HFF negotiated the deal on behalf of the seller, while Transwestern represented the buyer.
Manhattan Luxury Hotel Gets $31M Refi
Madison Realty Capital originated the loan for the 81-key GEM Hotel in Chelsea. The sponsor acquired the property, which previously served as a residential building, in 2007.
Hudson Yards Officially Opens in NYC
Related Cos. and Oxford Properties Group formally introduce the largest private real estate development in U.S. history, a brand-new neighborhood on Manhattan’s Far West Side.
Law Firm Signs 100 KSF Lease at 55 Hudson Yards
Boies Schiller Flexner took up four full floors within the 1.3 million-square-foot office building. The firm’s new space also features a 4,000-square-foot café.
JV Acquires German Office Asset
Ares Management Corp. and EDF Invest have teamed up to purchase the 629,688-square-foot IKB office building in Düsseldorf from IKP Deutsche Industriebank.
Opus Welcomes First Tenants to KS Industrial Facility
Gateway Classic Cars and Lanter Delivery Systems Inc. leased a total of 85,000 square feet at the recently completed 56 Commerce Center.