John Daciolas

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    The high-rise's $500 million renovation includes improvements designed to reduce its environmental footprint. Completed in 1973, the former Sears Tower is slated to add 300,000 square feet of new retail.

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  • PNY Technologies Sells NJ Industrial Property

    In a sale/leaseback deal arranged by Cushman & Wakefield, Turnbridge Equities and Harbor Group International have acquired a 540,103-square-foot building in Parsippany.

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  • Normandy, Taconic Capital Secure MD Office Loan

    HFF facilitates the acquisition financing for the 262,000-square-foot Gateway Tower in Rockville. The joint venture partners are set to upgrade the asset and add new common-area amenities.

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  • Dollar Stores See Rising Cap Rates

    The latest report from The Boulder Group attributes rising cap rates in part to a drop in the average remaining lease term at some stores. Meanwhile, institutional investors continue to lose interest in the sector, which nonetheless remains healthy.

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    Increasing cap rates and limited supply are leading net lease investors to carefully review acquisition opportunities, observes The Boulder Group President Randy Blankstein.

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