Normandy Real Estate Partners
Top 10 Markets for Office Transactions in 2020
These markets accounted for more than 80 percent of the nation’s sales volume for office assets last year.
Columbia Property Trust Buys Normandy Real Estate in Cash, Stock Deal
The $100 million deal further expands Columbia’s presence in New York, Washington, D.C., and Boston, where more than half of the REIT’s portfolio is located.
Newmark Knight Frank Arranges $200M Refi for Manhattan Property
The company’s Debt and Structured Finance team facilitated the recapitalization of two connected office buildings totaling more than 220,000 square feet.
Normandy Sells DC Office Building for $105M
The seller had purchased the I.M. Pei-designed property out of foreclosure a little more than a year ago.
Netflix Takes 100 KSF in Manhattan
The company will house 127 new positions, alongside 32 current employees, in a Flatiron District building owned by Normandy Real Estate Partners.
Foreign Fund Makes First US Acquisition in NJ
Westwood Properties purchased the suburban office property for $17.2 million. Known as 3 Becker Farm Road, the asset has undergone an extensive capital improvement program.
Don’t Rush to Opportunity Zones
Leaders in the real estate and finance sectors advised those looking to take part in the federal program to proceed with caution.
L&L Holding JV Buys Terminal Stores in NYC for $880M
The partnership will transform a self storage space at the historic 1.2 million-square-foot property in West Chelsea into a state-of-the-art office and retail asset.
NYC Office High-Rise Lands $250M Refi
Normandy Real Estate Partners, Meadow Partners and AM Property Holding Corp. used the proceeds to refinance the 610,000-square-foot property at 80-90 Maiden Lane.
Manhattan Office Project Lands $187M Construction Financing
The developers, a joint venture comprising Normandy Real Estate Partners and Columbia Property Trust, will use the loan for the construction of a $300 million project in Midtown South.