Century 21 plans to take possession of the space, which is across from Lincoln Center, in February 2011.
Century 21 plans to take possession of the space, which is across from Lincoln Center, in February 2011.
In Peter Hennessy’s opinion, the new Cassidy Turley offers an unprecedented opportunity to create a disciplined, driven and measurable environment—the kind of environment that can grow, be sustainable and help its members grow, too.
Less than $100 million for a prominent luxury hotel in Boston is quite a bargain. FelCor acknowledges that a purchase price of approximately $257,000 per-key is a significant discount to replacement cost.
The condominiums have been completed and 26 of 54 units sold. The loan was closed within three weeks from the date the owners signed the loan application.
David Pergola and Jason Levendusky of CB Richard Ellis represented Divco West and Taurus, while Brooks Murphy and Sean Lynch of Jones Lang LaSalle represented Kiva.
Surrounded by Boston’s Back Bay, Prudential, South End and Fenway neighborhoods, the Plaza encompasses 14.5 acres and offers 10 acres of open space that is accessible to the public. Among the property’s seven existing buildings are two centerpiece structures, the iconic Original Mother Church, built in 1894 and the Extension church, which was developed in 1906. As per the proposal, all existing buildings will remain intact.
Four New York Plaza has nearly 1.1 million of Class A square footage, located on two acres. The building features floor plates of 50,000 square feet and is 75 percent occupied by JPMorgan Chase.
Lewis will oversee strategy and execution on all Hudson’s debt and equity positions along with managing the firm’s asset management professionals and systems. She will remain a member of Hudson’s management committee, working to determine the company’s strategic direction.
Manhattan’s Class A vacancy rate dropped to 11.6 percent in June from 12.6 percent at the end of the first quarter, while the overall Midtown Manhattan vacancy rate declined to 11.5 from 12.6 percent. Those figures entail all sectors of real estate.