Deals & Dealmakers
J.C. Penney sells corporate headquarters for $353M
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J.C. Penney has sold its Plano corporate headquarters to a Dallas-based investment group for $353 million. The retail giant announced that Dreien Opportunity
Deals & Dealmakers
Panasonic re-commits to Newark with 340,000 s/f renewal
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Panasonic has renewed and extended its Newark, NJ, lease to 337,552 s/f for the next 15 years. Newmark Grubb Knight Frank (NGKF) announced the completion
Deals & Dealmakers
Rockefeller signs 400,000 s/f lease with Latham & Watkins at 1271 Avenue of America
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Rockefeller Group announced that leading global law firm Latham & Watkins LLP1 has leased 407,000 s/f at 1271 Avenue of the Americas, the 48-story
Debt & Equity
Madison Realty arranges Chelsea acquisition loan
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Madison Realty Capital provided $34 million of financing for the acquisition and renovation of 125 West 16th Street. The mixed-use residential and retail
Deals & Dealmakers
Federal Home Loan Bank expands to 68,000 s/f at 101 Park
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H.J. Kalikow & Co., LLC announced today that the Federal Home Loan Bank of New York (FHLBNY) has renewed and extended its lease at its flagship property
Retail
RETAIL ROUNDUP: St Tropez brand comes to The Hamptons; Restaurant space available at City Point.
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● MANHATTAN SKYLINE MANAGEMENT CORP. St. Tropez swimwear stars make a splash in The Hamptons MANHATTAN Skyline Management Corp. announced that Vilebrequin, the St.
Deals & Dealmakers
Griffin inks warehouse deal with auto parts distributor
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Griffin Industrial Realty has entered into a full building lease for an 234,000 s/f industrial warehouse building to be built in New England Tradeport
Retail
JFK takes big bite out of retail awards
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JFKIAT – the company that operates the Terminal 4 retail at John F. Kennedy International Airport – has won the Best Retail Program at the industry’s annual awards show.
Deals & Dealmakers
MRC antes up $107M for Fortis’ hospital-to-housing play
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Madison Realty Capital (MRC) has provided $107.25 million of first mortgage financing for the first phase of Fortis Property Group’s acquisition of the
Featured
All the world loves an office condo, says UN Plaza broker Rudder
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In February of this year, 866 United Nations Plaza, a 471,000 s/f Class-A office building located on 48th Street, between First Avenue and FDR Drive, launched
Construction & Design
Hunts Point food distribution HQ expansion nears completion
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Dresdner Robin announced the completion of its engineering and general design work on a $25 million, 110,000 s/f expansion of the Baldor Specialty Foods
Deals & Dealmakers
Jewish Theological Seminary honors dealmakers
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Savills Studley announced that The Jewish Theological Seminary (JTS) celebrated Ira Schuman and David Carlos, co-heads of Savills Studley’s not-for-profit