Northeast
TCC, Carlyle Group Break Ground on 240 KSF Junction Flats in Minneapolis
Construction has begun on Junction Flats, a six-story, 182-unit luxury apartment building in downtown Minneapolis located near Target Field and a major transit hub. …
IIT Buys 808 KSF Industrial Building in Mesa, Ariz.; Pays Cash
Industrial Income Trust, of Denver, a non-traded REIT, has purchased the 11-building, 808,400-square-foot Broadway 101 Commerce Park in Mesa, Ariz., for $77 million in a cash deal.…
Manhattan M-F Portfolio Attracts $94.4M in Financing
A 12-property apartment portfolio in Manhattan has just been refinanced to the tune of $94.4 million, courtesy of Beech Street Capital L.L.C. …
Colliers Wins Assignment to Market GSA Portfolio
A $118 million, 16-property office portfolio fully leased to federal agencies through the Government Services Administration is on the market and attracting interest from both U.S. and international buyers.…
Waterman Completes 75-Year Master Lease at NYC’s 400 Park Ave.
Waterman Interests Inc. signed a new 75-year master lease for the leasehold interest on 400 Park Ave. with Benenson Capital Partners, the longtime owner of the land beneath the 250,000-square-foot property. …
Cole Real Estate Investments Purchases Sanofi-Aventis Building for $72.3M
A subsidiary of Cole Corporate Income Trust Inc. acquired Sanofi-Aventis' property at 55 Corporate Drive in Bridgewater, N.J., from Mack-Cali Realty Corp. for approximately $72.3 million.…
Beacon JV Buys Minnesota’s Highest Skyscraper for $253M
A Class A office property just traded for a quarter billion dollars, and it didn't happen in New York City or San Francisco or Washington, D.C.…
KeyCorp Signs 15-Year Extension in Cleveland’s Key Tower
KeyCorp has extended its occupancy of approximately 487,000 square feet at the company’s namesake corporate headquarters at Key Tower in Cleveland. …
Anatomy of a Cleanup: Getting Ready for Redevelopment
Scores of communities are remediating old industrial sites and hoping to attract investors and developers to put them to new use. Here's an inside look at how RACER Trust is cleaning up a massive old GM site in Massena, N.Y.…
JDS Development Acquires Murray Hill Lot with $172M in Meridian Financing
JDS Development Group has acquired a 730,426-square-foot development site in New York City’s popular Murray Hill neighborhood from Sheldon Solow for a reported $172 million, with plans to build two multi-family towers on the two-acre vacant lot.…
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