Regions
M&T Bank, Natixis Co-Lead $195M NYC Office Refi
SL Green, New York City’s largest office landlord, and PGIM, the global investment management arm of Prudential Financial, purchased Tower 46 in 2014, with the help of a bridge loan from Wells Fargo.
South SF Office/R&D Campus Welcomes New Tenant
Corbion will move into the South Tower of Genesis, a two-building research and development/office campus in South San Francisco, at the beginning of November. The new tenant will relocate nearly 50 employees.
Olayan, Chelsfield Unveil $300M NYC Office Reno Plan
550 Madison Ave. in Midtown Manhattan will undergo modernization to its interior spaces, as well as adding high-quality amenities, world-class retail and restaurants. The renovated property is targeting LEED Gold certification and will be ready for new tenants in 2019.
ATCO-Migdal JV Snags Manhattan Office High-Rise
The 18-story building is situated in the Garment District, just steps away from Penn Station and Herald Square. Fashion designers Jason Wu, Thom Browne and Reem Bridal, along with media group Newsday, are among the property’s tenants.
Transwestern: Autonomous Vehicles to Shape CRE
Driverless cars will one day be ubiquitous, and their presence will have a tangible effect on the urban landscape, changing development activity in the office, industrial and retail sectors.
Next Steps for Health Care
As patients’ needs change and technology advances, health-care developments are adapting. Mainstreet Group’s Zeke Turner considers how the health-care real estate sector is shifting—and attracting investors along the way.
Colliers Closes 5 Leases at MA Office Asset
The company inked leases with Axis Promotions, CGI, Mortgage Network, Caras & Shulman and AAM 15 Mgmt, working on behalf of Duffy Properties. The 201,330-square-foot 78 Blanchard building in Burlington, Mass., is down to 15,000 square feet of vacant space.
Equinix Expands DC Footprint
DC12 is Equinix’s new Ashburn, Va., International Business Exchange facility, located across the street from DC10. At full build, the 57,800-square-foot building will have approximately 3,000 cabinets for potential clients.
LMC to Manage, Lease NJ Shopping Center
The property is leased by ACME Supermarkets. Levin Management Corp. advised LMC Properties in acquiring the asset.
CBRE Brokers Sale of Cayman Islands Resort
The Holiday Inn Resort Grand Cayman sits on approximately 6.5 acres of prime oceanfront land and was originally planned for timeshare sales.