Regions
SL Green Lands $510M Loan for NYC Office Tower
The REIT obtained mortgage financing secured by the trophy asset at 220 E. 42nd St., known as The News Building, and utilized the proceeds to repay its revolving credit facility.
Lowe Adds National Retail Redevelopment Platform
Retail industry veteran Joel Mayer has joined the company as executive vice president to lead Retail reVision, which will focus on repositioning and redeveloping underperforming assets.
GSA Renews 2 DC Office Leases
The agency will continue to occupy more than 29,000 square feet at the 160,897-square-foot property in the city’s central business district.
Phoenix Investors Buys 1.6 MSF Industrial Portfolio
The assets, formerly owned and occupied by LEDVANCE, are located in Kentucky and Pennsylvania.
Sitex Group Trades $112M Queens Industrial Portfolio
The three Class B buildings total 235,500 square feet at Long Island’s largest railway junction.
Industry Leader William Millichap Dies at 76
The real estate innovator had served as co-chairman of Marcus & Millichap since 2000.
Lincoln Equities Group JV Buys 1.2 MSF Life Sciences Campus
The Princeton West Innovation Campus in central New Jersey is largely vacant at this point, but the region’s life sciences sector is active and strong.
CBRE Arranges Orange County MOB Sale
Ian Schroeder, Melissa Ley and Allison McDuffie assisted the seller in the disposition of the 11,499-square-foot asset in Tustin, Calif.
Transwestern Brokers Sale of West Virginia Warehouse
Caulley Deringer, Steve Cloud and Gerry Trainor, along with Bev Sheffler and Andrew Hassett represented the seller.
Marcus & Millichap Arranges Sale of Single-Tenant Philadelphia-Area Asset
Senior Associate Craig Dunkle and Associate Mher Vartanian secured the buyer of the roughly 31,000-square-foot Goodwill Job Resource & Donation Center.