Regions
Thor Equities, Rockwood Capital Buy NYC’s Upper West Side Apartment Property
Acting through its new residential division, Thor Equities has joined forces with Rockwood Capital on the acquisition of 838 West End Ave., a 70-unit apartment property on Manhattan’s coveted Upper West Side.
NCC to Build 400-Unit Apartment Complex in Denmark
NCC Construction Denmark has received a $115.3 million construction contract to build an apartment complex in Aarhus, Denmark.
Senior Housing Properties Buys Vertex Pharmaceuticals Global HQ in Boston for $1.1B
In the biggest deal in Boston so far this year, Senior Housing Properties Trust has acquired the Vertex Pharmaceuticals headquarters on Fan Pier in the Seaport District from The Fallon Co. and an institutional investor for $1.1 billion.
STRS Sells 529 KSF Office Property in Parsippany, NJ to Brookwood
STRS Ohio has sold Morris Corporate Center 1 & 2, a 529,362-foot trophy office property in Parsippany, NJ to Brookwood Financial Partners for $82 million.
Microsoft Helps Boost Detroit’s Tech Neighborhood
Advancing Detroit’s reputation as a burgeoning technology cluster, Microsoft has committed to setting up shop at the M@dison Building, Rock Ventures’ five-story office building that serves as the anchor of the M@dison Block, the city’s high-tech entrepreneurial corridor.
KBS, Savanna Buy 110 William St. in Manhattan for $261M
Savanna and KBS Capital Advisors will make “comprehensive capital improvements” to 110 William St., the 32-story office building they have acquired from Swig Equities and the Dubai Investment Group.
The NYC Affordable Housing Plan: The Complexities of a $41B Endeavor
New York City Mayor Bill de Blasio’s new $41 billion affordable housing plan, Housing New York: A Five-Borough, Ten-Year Plan, covers a lot of ground. And it has to. Here are some specifics and how they could be accomplished.
NYC Mayor “Thinks Big” with New $41B Affordable Housing Plan
New York City Mayor Bill de Blasio has unveiled his $41 billion plan for addressing the ever-increasing need for affordable housing — for both low- and middle-income individuals — in New York City. The Housing New York: A Five-Borough, Ten-Year Plan is an ambitious endeavor, to say the least.
Spear Street Capital ID’ed as Buyer of BlackBerry Portfolio
Spear Street Capital L.L.C., announced yesterday as the buyer of the majority of BlackBerry’s Canadian real estate holdings, brings its substantial experience in taking over corporate offices that have become excess to requirements.
Washington REIT Acquires DC Office Building for $105M
Washington Real Estate Investment Trust has acquired 1775 Eye St., N.W., a 185,000-square-foot office building in Washington, D.C.’s Central Business District, for $104.5 million.