December 13, 2013
TUTOR PERINI WINS $510M HUDSON YARDS CONSTRUCTION CONTRACT
NEW YORK CITY — Tutor Perini Corp. has won a $510 million contract at the Hudson Yards mixed-use development in Midtown Manhattan. The Sylmar, Calif.-based construction firm will build a platform structure in conjunction with Related Cos. and Oxford Properties Group.The platform will be made of structural steel frame with a reinforced concrete deck. It will bridge the Long Island Rail Road eastern rail yard and serve as the foundation for future buildings at Hudson Yards. Construction of the platform has already started and will be completed by 2016. The platform construction will be coordinated with Tutor Perini’s work already underway on the Amtrak concrete tunnel box at the same site. The company has previously been awarded two large contracts at Hudson Yards, a 26-acre site slated for 6 million square feet of commercial space, 5,000 residences, a public school and luxury hotel.
 
   
DYNAMIC MARKETING TO LEASE 396,510 SF WAREHOUSE FACILITY
HAMILTON TOWNSHIP, N.J. — Dynamic Marketing Inc. (DMI), a Brooklyn-based appliance and electronic cooperative, has signed a long-term lease for a 396,510-square-foot warehouse in Hamilton Township. The building is located at 400 Cabot Drive. Kenneth Lundberg, Scott Perkins and Barry Cohorsky of NAI James E. Hanson represented DMI in the transaction. Mindy Lissner, William Waxman and Steven Beyda of CBRE, along with Leslie Lanne, senior vice president with IndCor Properties, represented the building's ownership. DMI was founded in 1957 for the purpose of purchasing and servicing appliances and electronics for its members, with the goal of being price competitive with big box retailers.
 
   
TRYKO BUYS LEECHBURG MULTIFAMILY COMPLEX FOR $4.2M
LEECHBURG, PA. — Private equity real estate group Tryko Partners LLC has acquired Sandalwood Apartments, an 86-unit, affordable-housing community in Leechburg, for $4.2 million. American Housing Partners Inc. sold the property, which is located on 10 acres at 253 Sandalwood Drive, about 33 miles northeast of Pittsburgh. Sandalwood Apartments consists of 16 buildings, including mostly two- and three-bedroom townhomes. Amenities at the property include on-site laundry, a community room with kitchen, storage, a playground and basketball court and proximity to local schools and shopping. Marcus & Millichap served as broker in the transaction. CBRE Capital Markets provided financing for the acquisition.
 
   
MERIDIAN ARRANGES $2.1M LOAN FOR TWO MIXED-USE PROPERTIES
NEW YORK CITY — Meridian Capital Group LLC has arranged a $2.1 million loan for the refinancing of two mixed-use properties located on Greene and Myrtle avenues in Brooklyn. The seven-year loan features a fixed interest rate of 4 percent and a 77 percent loan-to-value ratio.  A local savings bank provided the loan. Blake Carver, an associate at Meridian arranged the financing. The three-story properties, located at 132 Greene Ave. and 468 Myrtle Ave. in the Clinton Hill neighborhood, total four residential units and 2,000 square feet of retail space. Tenants include Aita, a casual farm-to-table restaurant, and Barking Brown, a clothing and accessories boutique.
 
   
Northeast

 

 
 
 
Recent Pennsylvania News

WOLFSON GROUP REVIVES TWO RETAIL CENTERS IN PENNSYLVANIA

SUGARHOUSE CASINO BREAKS GROUND FOR $164M EXPANSION

FEDERAL CAPITAL PARTNERS ACQUIRES TWO MANUFACTURED HOME COMMUNITIES

FEDERAL CAPITAL PARTNERS PROVIDES $20M LOAN FOR PHILLY APARTMENT BUILDING

UMH PROPERTIES ACQUIRES FOUR MANUFACTURED HOME COMMUNITIES FOR $12.2M

 
 
July 22, 2014
Orange County, CA: Retail
July 30, 2014
UNIVERSITY OF CHICAGO SELLS 1.1M SF HARPER COURT FOR $112M
July 29, 2014
METLIFE, NORGES BANK BUY ONE BEACON STREET TOWER IN BOSTON FOR $561M
July 28, 2014
DISCOUNT DYNASTY: DOLLAR TREE TO ACQUIRE FAMILY DOLLAR FOR $8.5B
July 25, 2014
CAPRI AND TRUAMERICA BUY LOS ANGELES MULTIFAMILY HIGH-RISE FOR $283M
July 24, 2014
LUBERT-ADLER SELLS TWO SOUTHEAST SHOPPING CENTERS FOR $336M
July 23, 2014
CIT TO ACQUIRE ONEWEST BANK FOR $3.4 BILLION IN CASH AND STOCK
 
         


© COPYRIGHT 2009 FRANCE PUBLICATIONS, INC.