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Duke Realty closes $2.8B sale of 72-building medical office package
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Industrial REIT Duke Realty has completed its $2.8 billion sale of 72 medical office buildings to Healthcare Trust of America as it ramps up its bulk-space strategy.
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Overseas lender provides $34M for landmark office building
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With Baltimore’s downtown population surging, a historic property that was recently converted to residential use has secured $34.3 million of financing.
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ON THE SCENE:CBRE announced the sale-leaseback of a 100,000 s/f industrial facility
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AGENTS MITCHELL LEVINE The Tri-State Investment Sales Group for Avison Young is marketing a four-story, 7,867 s/f mixed-use multi-family property
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Judge issues restraining order against NYC water rate hike
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A judge has issued a restraining order to stop the city from hiking water rates and giving homeowners a $183 bill credit. Manhattan Supreme Court Justice
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Spitzer gets $330M financing for 416-420 Kent Avenue in Williamsburg
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Meridian Capital Group announced it negotiated $330 million in construction financing for the ground-up development of an 856-unit luxury multifamily property
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Multifamily values ʻsucker punchedʼ
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New York City’s new rent regulation laws have shaved nearly half the value off multifamily properties, according to investment sales brokers.
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Landlord gets up to 12 years in prison for deed transfer fraud
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Landlord John Kojo Zi has been sentenced to up to 12 years in prison for forging the deed transfers to five buildings in the Upper West Side and Hamilton Heights.
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Chinese bankroll $600M Sony Building loan
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Sony Building By Sarah Trefethen The Cherit Group’s $1.1 billion purchase of the Sony Building, which closed on March 8, has secured $925 million in bridge
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ON THE SCENE:
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AGENTS ADELAIDE POLSINELLI Adelaide Polsinelli, vice chair of Compass and the newly launched investment sales division, along with 
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5G forecast forces owners to prepare for next gen wireless
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An upcoming sea change in the wireless industry promises to optimize everything with a digital pulse, from phones, tablets and watches to cars and even
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Move Loot packs up and heads for Brooklyn
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Moove Loot, the trendy home decor firm that picks up, stores and delivers furniture, is expanding in Brooklyn. The Long Island office of CBRE announced
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Recruitment software firm JobDiva expands at Equity Office’s 44 Wall Street
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Recruitment software firm JobDiva is expanding at Equity Office’s 44 Wall Street in the Financial District. Photo via Winick The company, which has been