News - Northeast

  • Westover Buys Suburban Philly Retail Center

    Gilbertsville Shopping Center is located in an area with good exposure. The Weis-anchored asset was 95 percent leased at the time of the transaction.

    14 November 2017 15:59
  • Empire State Inks Full-Floor Lease at NYC Property

    CBRE represented Universal Music Group in the lease negotiation for 26,150 square feet at 250 West 57th St. in Manhattan.

    14 November 2017 15:07
  • Waldorf Astoria NY to Undergo Major Renovation

    The upgraded hotel will feature restored public and event spaces, 350 new guestrooms and suites, as well as 350 residences. Architectural firm Skidmore, Owings & Merrill and interior designer Pierre Yves Rochon were tapped to design the new space.

    14 November 2017 14:46
  • JOSS Buys Suburban Philly Office Assets

    The firm paid $12.1 million for two premier office assets in Jenkintown, Pa., shifting its investment focus to core suburban markets.

    13 November 2017 15:14
  • Lee & Associates Appoints New NYC Executive

    Mitchell Salmon has stepped up as the firm's newest executive managing director for the New York City area, bringing valuable expertise in the retail and office sectors.

    13 November 2017 14:27
  • New York REIT to Sell NYC Office Tower for $255M

    The agreement to sell the 345,000-square-foot building at 333 W. 34th St. to Brookfield marks yet another step forward in the REIT’s plan of liquidation.

    13 November 2017 11:12
  • Boston-Area Office Portfolio Lands $23M Refi

    Working on behalf of KS Partners, Washington Trust secured $22.5 million in financing for a three-building flex/office portfolio in Newton, Mass.

    10 November 2017 22:14
  • Kronos HQ in MA Trades for $12M

    The property is situated along the busy Route 129 corridor and will serve as an administrative building for the buyer, Digital Federal Credit Union.

    10 November 2017 21:08
  • Stark Enterprises Enters NYC Market

    In a joint venture with Sun Equity Partners, the firm purchased an asset leased long-term to Con Ed New York for $98 million.

    10 November 2017 14:19
  • Brandywine Breaks Ground on $3.5B Philly Project

    The firm will begin construction on the first phase, which will comprise educational facilities, research laboratories, corporate offices and more. Brandywine is partnering with Drexel University on the master-planned project.

    10 November 2017 13:06
  • NJ Shopping Center Receives $17M Financing

    HFF secured the five-year, fixed-rate loan, which is accompanied by a $3.4 million construction line that will be used to fund capital and tenant improvements, as well as leasing commissions.

    09 November 2017 15:20
  • Apollo Commercial Provides $250M for Manhattan Office Project

    The finance REIT’s loan is part of the $479 million construction financing package backing Cove Property Group’s Hudson Commons, a 700,000-square-foot office redevelopment and repositioning endeavor in the Hudson Yards/Penn Station submarket.

    09 November 2017 13:30
  • New Bronx Hotel Developments Land $18M

    Meridian Capital Group arranged a 24-month construction loan featuring full-term, interest-only payments for the development of a Best Western and Sleep Inn hotels.

    09 November 2017 12:51
  • Kimco Begins $186M Staten Island Redevelopment

    A redevelopment of the former Hylan Plaza shopping center—the 460,000-square-foot "The Boulevard"—is scheduled to open in early 2020.

    09 November 2017 12:30
  • Manhattan Tower Lands $479M Construction Financing

    Cove Property Group teamed up with an institutional partner to redevelop Hudson Commons into a 700,000-square-foot trophy office building. HFF arranged the loan through affiliates of Apollo Global Management.

    09 November 2017 10:24