Investment - Northeast

  • CIM Group Snags Boston Office Property

    The company has partnered with longtime owner and manager Nordblom to acquire 1000 Washington St., a 242,000-square-foot building and adjacent parking garage in the city’s South End.

    20 September 2017 13:05
  • GTJ REIT Snags FedEx-Leased NY Facility

    The 43-acre, 248,370-square-foot property, located in a major logistics hub, is leased and occupied by FedEx Ground for a 10-year term.

    19 September 2017 16:41
  • Fitch: More U.S. Lodging Consolidation Is Expected

    The growing power of industry leaders will drive more lodging consolidation, with Hyatt and La Quinta as desirable targets, per the rating agency’s most recent report on hospitality. Such growth strategies are also a way to balance the competitive environment disrupted by alternative accommodation operators.

    19 September 2017 16:40
  • NJ Shopping Center Changes Hands

    The Hampshire Cos. sold Towne Shopping Center, a retail center anchored by ShopRite. The firm acquired the property in 2012, increasing its net operating income by creating a stabilized tenant roster.

    19 September 2017 13:47
  • McKnight Realty Lands $42M in Pittsburgh Office Refi

    HFF secured a first mortgage loan through Starwood Mortgage Capital and a mezzanine loan through Morrison Street Capital for a Class A office tower located in the city's central business district.

    18 September 2017 14:23
  • SL Green, RXR to Buy Stake in NYC’s Worldwide Plaza

    The joint venture will become co-owner of the 2 million-square-foot mixed-use property with the acquisition of a 48.7 percent interest from New York REIT. The deal values the trophy asset at more than $1.7 billion.

    18 September 2017 09:33
  • Pennrose Secures $171M for NJ Arts Center

    The funds ensure the firm's continued public-private partnership development of the 450,000-square-foot New Brunswick Performing Arts Center, which will feature mixed-income apartments, office space, and two theater venues.

    14 September 2017 11:32
  • From Rust to Robust: Revamping Industrial Sites for Community Benefit

    Nonprofit entities can revitalize neighborhoods and improve local economies by redeveloping unused real estate, according to Donald F. Smith, Jr., president of the Regional Industrial Development Corporation (RIDC) of Southwestern Pennsylvania.

    13 September 2017 20:49
  • Seacoast MA HQ Gets Million-Dollar Makeover

    The investment firm renovated its 1988-built corporate headquarters, replacing and upgrading both its electrical and data systems, and adding new seating, conference room furniture and workstations.

    13 September 2017 14:39
  • Anchor Health Acquires $23M MOB

    The company purchased the 71,401-square-foot Cross Street Medical Center in Norwalk, Conn. Newmark Knight Frank represented the seller, Marcus Partners, in the transaction.

    13 September 2017 14:20
  • Kaufman Expands Midtown Manhattan Portfolio

    The firm acquired an 80,000-square-foot office building through a 99-year ground lease, with plans to complete a multimillion-dollar renovation.

    13 September 2017 14:07
  • JV Secures $73M for NYC Redevelopment

    APF Properties and Drake Street Partners tapped CBRE to arrange acquisition and redevelopment financing for 163 Varick St. in Manhattan.

    13 September 2017 13:42
  • BGC Acquires Berkeley Point, Minority Stake in New CRE Biz

    The company and its affiliate Cantor Fitzgerald paid $875 million to purchase the capital solutions provider, and invested an additional $100 million in finance and investment business CF Real Estate Finance Holdings LP.

    12 September 2017 12:46
  • Cambridge Class A Building Changes Hands for $75M

    Lincoln Property Co. and Chile-based Stars Investments acquired 625 Massachusetts Ave., a 122,104-square-foot office and retail property in the supply-constrained Central Square district.

    12 September 2017 12:11
  • WPT Industrial Expands to PA

    The REIT is in the process of acquiring a 936,000-square-foot Class A property in the Lehigh Valley, the distribution corridor to New York, Philadelphia and D.C.

    11 September 2017 11:56