Regions
Muss Signs FEMA to 200 KSF Lease for Sandy Regional HQ in Queens; IndCor Donates Space to Red Cross
FEMA has leased about 200,000 square feet at Forest Hills Tower in Queens to serve as its New York City headquarters while it helps residents and business owners in the region recover from Superstorm Sandy. At the same time, IndCor Properties donated 126,000 square feet of space to the American Red Cross, located near hard-hit areas.
Tishman Lands 129 KSF Tenant at Boston’s One Federal Street
Tishman Speyer, owner of the 1.1 million-square-foot tower, just signed an agreement with Iron Mountain for the information storage and management company to occupy the space as its headquarters under an 11-year lease agreement.
Prudential Buys 220 KSF M-F High-Rise in DC
Holliday Fenoglio Fowler represented Federal Capital Partners in the sale of Allegro, a 297-unit, high-rise multi-housing community in Washington, D.C., to buyer Prudential Real Estate Investors, which acquired the asset on behalf of one of its client funds.
Vornado Undergoes $950M Refinancing of Manhattan’s 1290 Avenue of the Americas
Just several months away from completing a redevelopment of 1290 Avenue of the Americas in Manhattan, Vornado Realty Trust and the partnership that owns the 2 million-square-foot, 43-story building have completed a $950 million refinancing of the property.
344 KSF Masdar, International Renewable Energy Agency HQ Break Ground
Masdar City, the low-carbon, low-waste, emerging cleantech cluster and one of the most sustainable communities and mixed-use developments in the world continues its trailblazing development in United Arab Emirates.
Greystone, Bassuk Form JV to Focus on ‘Creative’ M-F Financing
Greystone and The Bassuk Organization, both of New York, have formed a joint venture intended to provide expanded real estate and financial services, including “creative debt and equity financing,” to CRE clients with multi-family assets across the United States.
Orbach Group Acquires Manhattan, Pennsylvania M-F Buildings for $70M
The Orbach Group acquired two portfolios totaling 635 rental apartment units across New York City and Pennsylvania for $70 million, increasing its multi-family holdings to more than 5,000 total units.
Joshua Green Corp. Invests $200M in Urban Renaissance Group
With an investment valued at $200 million, the Joshua Green Corp. has taken its relationship with real estate operating company Urban Renaissance Group L.L.C. to a new level.
Grainger to Use JV to Broaden Funding of $280M German Apartment Portfolio
A joint venture to be formed by Grainger, of Newcastle upon Tyne, England, and Heitman, of Chicago, will invest in a German rental residential portfolio of nearly 3,000 units, currently wholly owned by Grainger.
Oxford Properties to Build $3B M-U Redevelopment Project in Downtown Toronto
Oxford Properties Group, one of Canada’s largest pension funds, has unveiled its proposal for a $3-billion-plus mixed-use project in downtown Toronto.