Regions
Suffolk Construction Awarded Contract for 488 KSF Boston Residential Tower
Suffolk Construction recently received the contract for the 27-story Kensington residential tower in Boston from the building’s owners and partners, Kensington Investment Co. and National Development.
106 KSF Office Lease Signed at NYC’s 452 Fifth Ave.
Law firm Baker & McKenzie has inked a 15-year deal at 452 Fifth Ave., occupying seven floors of the trophy tower owned by IDB Group, for 105,803 square feet of space.
Gotham’s Full-City-Block, Four Building, $520M Groundbreaking in NYC
In one of the largest developments in New York City outside of the World Trade Center site, the Gotham Organization has begun construction on a $520 million residential project that will include more than 1,200 units and a school.
HFF Arranges $125M Financing for L.A. Office Portfolio
In the slowly expanding Los Angeles office market, Holliday Fenoglio Fowler has arranged a $124.9 million refi package for four office properties that total 543,162 square feet in Burbank and L.A.
Western National, Nor’Wood JV to Build 3 Colorado Multi-Family Projects
Counting on the strength of the Colorado Springs apartment market, a new joint venture of Western National Realty and Nor’Wood Development has announced plans to build three projects in the area beginning early next year.
Economy Watch: Census Bureau Offers New Definition of Poverty
The Census released a “supplemental poverty measure” to complement, but not replace, the official one. Non-revolving consumer credit rose in September. And the Italian debt time-bomb began ticking more loudly.
Vornado Makes Sales to “Focus on Core”
Vornado has entered into a $228 million deal to sell the 1.2 million-square-foot 350 West Mart Center office building in Chicago and signed a separate agreement to fork over ownership of four mixed-use retail assets in Manhattan for $78 million.
H&R REIT Picks up Two Gotham in Metro NYC for $415.5M
Canada-based H&R REIT has just made another marquee pickup, adding the newly constructed Two Gotham Center in Long Island City, N.Y., to its oversight for $415.5 million.
One Week, Nearly One Billion in Deals for Morrison & Foerster
Morrison & Foerster’s real estate group this week alone has represented three deals to the tune of nearly $1 billion and its chairman says Manhattan continues “bucking the trend” in CRE.
IDS Picks up ‘Irreplaceable’ 411 KSF San Diego Industrial Asset
Kearny Mesa, one of the better-performing submarkets of San Diego, has netted another big fish: IDS Real Estate Group has acquired a 411,245-square-foot industrial warehouse building there for $50 million.