Regions
Viacom’s New 1.6 MSF Office Lease Now Manhattan's Largest
SL Green, which has been extremely busy in the Times Square submarket of Manhattan during the past year, has just notched another record: The signing of what the firm calls Manhattan’s largest office lease, which keeps media giant Viacom in the 1515 Broadway building through 2031.
Avison Young to Open NYC Office
Canada’s largest independently owned commercial real estate services company has made its debut in the Big Apple.
Hines, J.P. Morgan Begin Construction on 415 KSF Office Building in La Jolla
Hines and its joint venture partner — a group of institutional investors advised by J. P. Morgan Asset Management — have broken ground on the second office tower at La Jolla Commons in San Diego’s University Towne Center submarket. The project will result in a 415,000-square-foot building that will be occupied in its entirety by LPL Financial.
Manhattan Multi-Family Sales Jump in First Quarter
According to Ariel Property Advisors’ “Multi-Family Quarter in Review: New York City” report, New York multi-family sales increased 34 percent in the first quarter of 2012.
NYC's 530 Fifth Gets Upgrade, Shows Retail Demand Continues to Expand
The new owners of 530 Fifth Ave. in Manhattan are targeting fashion tenants as they upgrade and reconfigure the building’s retail spaces — and are riding the crest of a wave that shows the world-famous corridor is once again seeing rising rents for the sector.
Downtown NYC Hotel Site Sells for $28M; $70M Development Planned
A 6,160-square-foot development site at 133-135 Greenwich St. in Downtown Manhattan has been purchased by Hidrock Realty for $28 million, and the new owner plans to develop a 28-floor, 300-room hotel at the cost of $70 million.
GlenStar, USAA Spend $152M for Chicago Board of Trade
Two of the three buildings that comprise the Chicago Board of Trade complex at 141 W. Jackson have been sold to a joint venture of GlenStar Properties L.L.C. and USAA Real Estate Co. for approximately $151.5 million.
Normandy Real Estate Partners Buys 280 KSF Times Square South Asset
In the most recent development for the Times Square submarket of Midtown Manhattan, Normandy Real Estate Partners has acquired the 280,000-square-foot, 17-story office building at 1370 Broadway for a reported $125 million.
Arrow Operating Acquisitions Purchases 700 KSF Suburban Chicago Retail Asset
Arrow Operating Acquisitions has just purchased The Streets of Woodfield, a 700,000-square-foot shopping center in Schaumburg, Ill., and the company was able to secure a $100 million loan to seal the $118 million deal.
Capri Capital Nabs '360 Residences' Mixed-Use Project in San Jose for $118M
360 Residences, a mixed-use apartment high-rise in downtown San Jose, has come under the ownership of Capri Capital, courtesy of a $118 million transaction. Capri purchased the upscale multi-family property from SJ Real Estate Partners, a subsidiary of Kennedy Wilson.