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Claremont secures $16M loan for homeless shelter, 444-unit multifamily venture
07
Claremont Development has secured a $16 million loan for the acquisition and pre-development financing of St. Lucy’s Tower and construction financing for
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Davis takes equity stake in $92M NJ multifamily portfolio
07
Boston-based Davis Companies has taken an equity stake in a 718-unit New Jersey apartment portfolio. Cushman & Wakefield announced it served as the
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Brookfield offloads 530 Fifth retail at a discount
07
Brookfield Property Partners is selling its retail condo at 530 Fifth Avenue for $190 million just four years after its was valued at $334 million.
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Columbia to be acquired by PIMCO for $3.9B
09
Columbia Property Trust is to be acquired by funds managed by Pacific Investment Management Company (PIMCO), a global investment management firm, for $3.
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ON THE SCENE: This week’s middle market sales
09
444 LINCOLN HIGHWAY Cushman & Wakefield announced the sale of 444 Lincoln Highway, a 48-unit luxury multifamily asset in Iselin. The final sale price
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JLL subleases another chunk of Conde Nast space at 1 WTC
07
JLL has completed a 48,000 s/f long-term sublease with Constellation Agency on behalf of Advance for the entire 21st floor of One World Trade Center in
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Metro Management sells five-building multifamily portfolio for $27M
07
Cushman & Wakefield has arranged the sale of five multifamily properties from The Metro Portfolio for a total of $27,050,000. Robert M.
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Avison Young gets its own flex appeal with new APF partnership
08
The New York office of Avison Young is partnering with Manhattan office landlord APF Properties to launch a new flex office platform. Called APFlex, the
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Mdrn, Stoop raise $1M, plan further expansion
07
New York City-based Stoop, a flexible living platform and Mdrn., a residential platform for sales and leasing, have just finished raising over $1 million.
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Richard Ravitch sells last share of Waterside Plaza to Brookfield
07
Developer Richard Ravitch has sold his remaining stake in the 1,400-unit Waterside Plaza apartment community he built on the East River to Brookfield Asset Management.
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Simone, Fareri sign 22,000 s/f in office leases at Purchase campus
07
Simone Development Companies and Fareri Associates have announced 21,518 s/f of new leases at their Purchase Professional Park campus on Westchester Avenue.
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ON THE SCENE: This week’s middle market sales
08
B+E announced the sale of the Cloud10 car wash property at 150 Wilkes-Barre Blvd, Wilkes-Barre, PA for $5,000,000.The NNN property carries a cap rate of