Northeast Real Estate News Daily Northeast Real Estate News <![CDATA[MANHATTAN INVESTOR BUYS CHELSEA PROPERTY FOR $20.5M]]> NEW YORK CITY — A Manhattan-based investor has purchased 140-144 W. 28th St. in Chelsea,...]]> <![CDATA[JOINT VENTURE ACQUIRES $40M MEZZANINE LOAN ON STAMFORD MULTIFAMILY PROPERTY]]> STAMFORD, CONN. — Edison, N.J.-based Mack-Cali Realty Corp. and Boston-based Winthrop Re...]]> <![CDATA[BERKADIA ORIGINATES $20M LOAN FOR BROOKLYN APARTMENT BUILDING]]> NEW YORK CITY — Berkadia Commercial Mortgage has originated a $19.5 million mortgage loa...]]> <![CDATA[FORTUNA SELLS WEST CHELSEA APARTMENT PROPERTY FOR $33.8M]]> NEW YORK CITY — Fortuna Realty Group has sold a 57,000-square-foot mixed-use residential...]]> <![CDATA[SPECTRA EXPANDS, RENEWS LEASE AT EAST COAST TESTING LAB]]> ROCKLEIGH, N.Y. — Spectra East has renewed and expanded its lease to 123,000 square feet...]]> <![CDATA[RENOVATIONS BEGIN AT FLATIRON DISTRICT OFFICE BUILDING]]> NEW YORK CITY — Two Trees Management Co. has begun the first phase of a multimillion dol...]]> <![CDATA[STUDENT HOUSING REIT SELLS DELAWARE APARTMENT BUILDING]]> CLAYMONT, DEL. — Marcus & Millichap has arranged the $6.4 million sale of Water View...]]> <![CDATA[NEW $14M AFFORDABLE HOUSING COMPLEX OPENS IN BROOKLYN]]> NEW YORK CITY — Hunter Trace 62-unit affordable housing complex has opened at 397-403 Ho...]]> <![CDATA[WEST CHESTER APARTMENT COMPLEX SELLS FOR $3.5M]]> WEST CHESTER, PA. — Marcus & Millichap Real Estate Investment Services has completed...]]> <![CDATA[REVERE HOTEL TO DEBUT IN BOSTON]]> BOSTON — A former Radisson hotel and adjoining playhouse in Boston's theater distric...]]> <![CDATA[NDP PLANS TO RENOVATE HEADQUARTERS ]]> PORT WASHINGTON, N.Y. — The Nassau Industrial Development Agency has approved an economi...]]> <![CDATA[ING PROVIDES $28M LOAN FOR CONNECTICUT SHOPPING CENTER]]> STRATFORD, CONN. — Urstadt Biddle Properties has received $28 million in mortgage financ...]]> <![CDATA[NORTHMARQ ARRANGES $20.1M IN ACQUISITION FINANCING FOR INDUSTRIAL PORTFOLIO]]> SAN FRANCISCO -- Dennis Williams of NorthMarq Capital's San Francisco office arranged $20....]]> <![CDATA[BEECH STREET ARRANGES $8.0M LOAN TO REFINANCE NEW JERSEY NURSING FACILITY]]> HAMILTON SQUARE, N.J. —Beech Street Capital has arranged a $8.9 million HUD loan to refi...]]> <![CDATA[NYC APT. BUILDING SELLS FOR $1.2M]]> NEW YORK CITY -- An apartment building at 211 Taaffe Place, located between Willoughby and Dek...]]> <![CDATA[SOHO MIXED-USE BUILDING SELLS FOR $4.3M ]]> NEW YORK CITY — A mixed-use building at 37 Crosby St. in Manhattan has sold for $4.3 mil...]]> <![CDATA[JOINT VENTURE ACQUIRES LOGISTICS CENTER IN CLINTON]]> CLINTON, N.J. — Woodmont Industrial Partners and AEW Capital Management have jointly acq...]]> <![CDATA[TRUST REALTY TO REDEVELOP MILL BUILDING INTO LAKESIDE APARTMENTS]]> NEW MILFORD, CONN. — Harold Fischel, owner of the Bleachery at the end of West Street in...]]> <![CDATA[AREA PROPERTY BUYS BULK DISTRIBUTION CENTER FOR $16.2M]]> SADSBURY, TOWNSHIP, P.A. —New York City-based Area Property Partners has purchased a 314...]]> <![CDATA[NORTHEAST HOTEL COMPANY ACQUIRES MAINE PROPERTY]]> PORTLAND, MAINE — New England hotel company Portland C.I. LLC has purchased a 127-room C...]]> <![CDATA[ARC RENOVATES OFFICES AT BOSTON COLLEGE]]> CAMBRIDGE — ARC/Architectural Resources Cambridge has completed  a renovation and e...]]> <![CDATA[RETAIL, OFFICE CENTER FETCHES $10.1M IN CONNECTICUT]]> ROCKY HILL, CONN. — A 109,000-square-foot office and retail center has sold for $10.1 mi...]]> <![CDATA[BEECH PROVIDES $12.5M LOAN TO REFINANCE NEW JERSEY APARTMENT PROPERTY]]> WEEKHAWKEN, N.J. — Beech Street has provided a $12.5 million Fannie Mae loan  to re...]]> <![CDATA[LINCOLN NATIONAL LIFE INKS LEASE AT MELVILLE CORPORATE CENTER]]> MELVILLE, N.Y. — Lincoln National Life Insurance Co., a division of Fort Wayne, Ind.-bas...]]> <![CDATA[ELECTRONICS DISTRIBUTOR MOVES TO NEW HYDE PARK]]> NEW HYDE PARK, N.Y. —Computer Add Ons has purchased a 15,000 square foot industrial ware...]]> <![CDATA[ARCADIA BUYS ORIGINAL EMPIRE STATE BUILDING FOR $32.5M]]> NEW YORK CITY — Arcadia Strategic Opportunity III LLC and an unaffiliated joint venture ...]]> <![CDATA[BRADY SULLIVAN ACQUIRES 1840 MILL BUILDING IN MANCHESTER]]> MANCHESTER, N.H. — Real estate development company Brady Sullivan has purchased 300 Bedf...]]> <![CDATA[SECOND PHASE OF $250M RETAIL PROJECT BEGINS IN NYC]]> NEW YORK CITY — Brookfield Office Properties broke ground Feb. 13 on the second phase of...]]> <![CDATA[JOINT VENTURE BUYS NEW YORK CITY PORTFOLIO]]> NEW YORK CITY — TreeTop Development and Latus Partners have jointly acquired four proper...]]> <![CDATA[PREIT SIGNS AGREEMENT FOR NEW HEALTHCARE FACILITY AT PLYMOUTH MALL]]> PHILADELPHIA —Pennsylvania Real Estate Investment Trust has signed an agreement to launc...]]> <![CDATA[PCCP ARRANGES $65M LOAN TO FINANCE ACQUISITION OF CASSA HOTEL]]> NEW YORK CITY — PCCP has arranged a $65 million loan for the acquisition and repositioni...]]> <![CDATA[PARTNERSHIP BUYS TIMES SQUARE HOTEL]]> NEW YORK CITY — A partnership between hotel investment firm Chartres Lodging Group and A...]]> <![CDATA[SUFFOLK TO OVERSEE 50 POST OFFICE SQUARE RENOVATION]]> BOSTON — Suffolk Construction will oversee the renovation of 50 Post Office Square, an 1...]]> <![CDATA[$24M ASSISTED LIVING CENTER OPENS IN YONKERS]]> YONKERS, N.Y. — The $24 million Westchester Center for Independent and Assisted Living h...]]> <![CDATA[RBH BREAKS GROUND ON $149M TEACHERS VILLAGE]]> NEW YORK CITY — Manhattan-based RBH Group has broken ground on Teachers Village, a $149 ...]]> <![CDATA[MAR-MART SELLS 10-STORY APARTMENT BUILDING IN NYC]]> NEW YORK CITY — Mar-Mart Realty Co. has sold 12 Fifth Ave., a 33-unit apartment building...]]> <![CDATA[BEECH ARRANGES $11.3M LOAN FOR BALTIMORE APARTMENT ACQUISITION]]> BALTIMORE, MD. — Beech Street Capital has provided an $11.3 million Fannie Mae loan for ...]]> <![CDATA[HOULIHAN-PARNES ARRANGES $2.1M LOAN FOR TWO NEW YORK PROPERTIES]]> MT. VERNON, YONKERS, N.Y. — Jerry Houlihan of Houlihan-Parnes Realtors has arranged $2.1...]]> <![CDATA[SAVANNA RELAUNCHES 80 BROAD ST. IN MANHATTAN]]> NEW YORK CITY — The $19 million renovation of 80 Broad St. in Manhattan's Financial ...]]> <![CDATA[JONES LANG SECURES $32M IN PERMANENT FINANCING FOR CLASS A OFFICE BUILDING ]]> WAREN, N.J. — Jones Lang LaSalle Capital Markets has arranged $32 million in permanent f...]]> <![CDATA[ALSIDE OPENS 100TH U.S. STORE IN PITTSBURGH]]> EXPORT, PA. — Alside, a manufacturer and distributor of exterior residential building pr...]]> <![CDATA[BIOMED AGREES TO BUY CAMBRIDGE PLACE FOR $119M ]]> CAMBRIDGE, MASS. —BioMed Realty Trust has agreed to acquire Cambridge Place, a three-bui...]]> <![CDATA[ALSIDE OPENS 100TH U.S. STORE IN PITTSBURGH]]> EXPORT, PA. — Alside, a manufacturer and distributor of exterior residential building pr...]]> <![CDATA[WHITTIER STREET HEALTH DEBUTS NEW FACILITY]]> ROXBURY, MASS. —Whittier Street Health Center has unveiled its new six-story, 79,000-squ...]]> <![CDATA[BOSTON CAPITAL CLOSES $350M TAX CREDIT FUND]]> BOSTON — Boston Capital has closed the Boston Capital Tax Credit Fund XXXV, a diversifie...]]> <![CDATA[MERIDIAN NEGOTIATES $55M FINANCING PACKAGE FOR NYC MIXED-USE PROPERTY]]> NEW YORK CITY —Meridian Capital Group has negotiated a $55 million financing package for...]]> <![CDATA[MAJOR EDUCATION TEXTBOOK COMPANY TO MOVE OPERATIONS TO HOBOKEN]]> HOBOKEN, N.J. — Pearson Education, an education textbook company, has signed a 200,000-s...]]> <![CDATA[DREXEL TO BREAK GROUND ON $97.6M MIXED-USE DEVELOPMENT]]> PHILADELPHIA — Drexel University will break ground this month on a $97.6 million mixed-u...]]> <![CDATA[FORMER H&H BAGELS PROPERTY SELLS FOR $11M]]> NEW YORK CITY — A former H&H Bagels property, located at 639 W. 46th St., has sold t...]]> <![CDATA[CIM, KUSHNER ACQUIRE 121,000-SQUARE-FOOT MIXED-USE BUILDING IN SOHO]]> NEW YORK CITY — CIM Group and Kushner Cos. have acquired a 121,000-square-foot office an...]]> <![CDATA[NORTHMARQ ARRANGES $11.9M MORTGAGE FOR BANK PORTFOLIO]]> PARSIPPANY, N.J. — Greg Nalbandian of NorthMarq Capital's Parsippany office has arra...]]> <![CDATA[AMERICAN REAL ESTATE CLOSES ON $16M LOAN FOR PHILLY PARKING/RETAIL PROPERTY]]> PHILADELPHIA — American Real Estate Capital has closed on a 10-year, $16 million loan fo...]]> <![CDATA[CENTRAL HARLEM DEVELOPMENT SITES SELL FOR $2.1M]]> NEW YORK CITY — Ariel Property Advisors has arranged the $2.1 million sale of two Centra...]]> <![CDATA[BROOKLYN MIXED-USE PROPERTY FETCHES $1.6M]]> NEW YORK CITY — A mixed-use building at 195 Smith St., located between Warren and Baltic...]]> <![CDATA[HOULIHAN-PARNES SECURES $1.5M LOAN FOR BRONX APARTMENT BUILDING]]> NEW YORK CITY — Ed Graf of Houlihan-Parnes Realtors has arranged a $1.5 million loan for...]]> <![CDATA[BEECH PROVIDES $27.7M IN REFINANCING PROCEEDS FOR APARTMENT PROPERTY]]> LAWRENCEVILLE, N.J. —Beech Street Capital has provided a $27.7 million Freddie Mac loan ...]]> <![CDATA[DOUBLETREE OPENS FIFTH MANHATTAN HOTEL]]> NEW YORK CITY —DoubleTree by Hilton has opened its fifth New York City area hotel in Man...]]> <![CDATA[MASSEY KNACKAL CLOSES $1.8M LOAN IN GREENPOINT]]> NEW YORK CITY — Massey Knackal Capital Services has closed a $1.8 million loan for a mix...]]> <![CDATA[NEW JERSEY APARTMENT PROPERTY FETCHES $2.7 MILLION]]> BLOOMFIELD, N.J. — Marcus & Millichap has arranged the $2.7 million sale of a 37-uni...]]> <![CDATA[JOINT VENTURE ACQUIRES ICONIC NYC HOTEL FOR $115M]]> NEW YORK CITY — In a joint venture, FelCor Lodging Trust purchased the Knickerbocker Hot...]]> <![CDATA[TECH COMPANY BUYS CONNECTICUT WAREHOUSE FOR $2.2M]]> ENFIELD, CONN. — Diversified Information Technologies has acquired 180 Moody Rd. in Enfi...]]> <![CDATA[TRYKO BUYS AFFORDABLE HOUSING DEVELOPMENT IN NEW JERSEY]]> ATLANTIC CITY, N.J. — Brick-based Tryko Partners has acquired the Barclay Arms, a 75-uni...]]> <![CDATA[QUANTERIX LEASES NEW SPACE IN LIFE SCIENCE BUILDING]]> LEXINGTON, MASS. — Quanterix, a company focused on the generation of molecular diagnosti...]]> <![CDATA[HISTORIC BROOKLYN NEWSPAPER SIGNS NEW LEASE ON THIRD AVENUE]]> NEW YORK CITY — Brooklyn Eagle, New York City's only daily newspaper devoted exclusi...]]> <![CDATA[CLARION ACQUIRES TWO BOSTON OFFICE BUILDINGS FOR $87.1M]]> BOSTON — Clarion Partners has purchased two adjoining 13-story office buildings in Bosto...]]> <![CDATA[NATIONAL REALTY INKS NEW LEASES TOTALING 165,000 SQUARE FEET]]> NEWBURGH, N.Y. — Two industrial leases totaling 165,000 square feet have been signed at ...]]> <![CDATA[LIFE INSURANCE COMPANY LEASES NEW OFFICE SPACE IN CONNECTICUT]]> ENFIELD, CONN. — Symetra Life Insurance Co. has signed a 29,000-square-foot office lease...]]> <![CDATA[YORK SHOPPING CENTER SELLS FOR $7.2M]]> YORK, PA. — Kingston Square Associates LLC has purchased the Kingston Square shopping ce...]]> <![CDATA[CHESAPEAKE AGREES TO BUY NYC HOTEL FOR $76.5M]]> NEW YORK CITY — Chesapeake Lodging Trust has agreed to acquire the 185-room Hyatt Place ...]]> <![CDATA[TEQUESTA BUYS TWO OFFICE PROPERTIES FOR $22.8 MILLION]]> MARLTON, N.J. — Tequesta Properties has acquired two Marlton-based office buildings from...]]> <![CDATA[GAS COMPANY EXPANDS U.S. HEADQUARTERS]]> BASKING RIDGE, N.J. — Matheson Tri-Gas, a specialty and industrial gas producer, has exp...]]> <![CDATA[OCEAN 11 PLANS TO RENAME, UPGRADE 5-STORY NEW YORK OFFICE]]> FARMINGVILLE, N.Y. — Medford-based Ocean 11 Realty purchased the 50,000-square-foot form...]]> <![CDATA[NYC APARTMENT PROPERTY SELLS FOR $3.8 MILLION]]> NEW YORK CITY — The Alcazar, a 26-unit apartment property at 15 Wadsworth Ave. in New Yo...]]> <![CDATA[TEEN RETAILER LEASES CORPORATE HEADQUARTERS IN PHILLY]]> PHILADELPHIA — Retailer Five Below has signed a new 34,500-square-foot, 10-year office l...]]> <![CDATA[WALKER SECURES $163.8M IN FINANCING FOR FOUR CONNECTICUT PROPERTIES]]> BETHESDA, MD. — Bethesda-based Walker & Dunlop has secured $163.8 million in Freddie...]]> <![CDATA[RENOVATION UNDERWAY AT HISTORIC BOSTON HIGH-RISE]]> BOSTON — Suffolk Construction will oversee the 12-month renovation of 185 Franklin St., ...]]> <![CDATA[SUBURBAN OFFICE TOWER FETCHES $70M IN PENNSYLVANIA]]> WEST CONSHOHOCKEN, PA. —Five Tower Bridge, one of Philadelphia's premier suburban of...]]> <![CDATA[ARMY TRANSFERS ADMIRAL'S ROW TO NYC, PAVES WAY FOR RETAIL CONSTRUCTION]]> NEW YORK CITY — The final hurdle has been cleared for the construction of a 74,000-squar...]]> <![CDATA[G.S. WILCOX SECURES $6M IN FINANCING FOR NEW JERSEY'S WATCHUNG COMMONS]]> WATCHUNG, N.J. — G.S. Wilcox & Co. has arranged $6 million in financing for Watchung...]]> <![CDATA[PEWTER VILLAGE SELLS FOR $7.2M IN NEW JERSEY]]> COLLINGSWOOD, N.J. — Pewter Realty LLC has sold Pewter Village, an 84-unit, active-adult...]]> <![CDATA[BEECH STREET ARRANGES $17.8M LOAN TO ACQUIRE SIX-BUILDING APARTMENT COMPLEX]]> ASHLAND, MASS. — Beech Street has provided a $17.8 million Fannie Mae loan for the acqui...]]> <![CDATA[OH! NUTS TO OPEN NEW CHOCOLATE PROCESSING PLANT IN QUEENS]]> JAMAICA, N.Y. — Oh! Nuts Candy, a chocolate, nuts and gift basket retailer, has purchase...]]> <![CDATA[HARBOR FREIGHT TOOLS OPENS TWO ADDITIONAL LONG ISLAND LOCATIONS]]> HUNTINGTON, N.Y., CENTEREACH, N.Y. — Harbor Freight Tools, a tool and equipment retailer...]]> <![CDATA[LARGE LAW FIRM RENEWS LEASE IN PHILADELPHIA]]> PHILADELPHIA — Law firm Morgan Lewis has extended its 289,432-square-foot office lease a...]]> <![CDATA[WILDER COS. PLANS UPGRADE FOR HISTORIC RHODE ISLAND SHOPPING CENTER]]> CRANSTON, R.I. — The historic Garden City shopping center in Cranston will be renovated ...]]> <![CDATA[MASSEY KNAKAL ARRANGES $2.5 MILLION LOAN FOR BROOKLYN RETAIL ASSET]]> NEW YORK CITY — Massey Knakal Capital Services has closed on a $2.5 million loan for an ...]]> <![CDATA[BJ'S WHOLESALE OPENS TWO NEW YORK LOCATIONS]]> ITHACA, DEER PARK, N.Y. — BJ's Wholesale Club plans to open three new stores this mo...]]> <![CDATA[TRYKO ACQUIRES 163-UNIT HARRISBURG PARK]]> HARRISBURG, PA. — Brick, N.J.-based Tryko Partners has acquired the 163-unit Harrisburg ...]]> <![CDATA[MERIDIAN NEGOTIATES $44 MILLION IN FINANCING FOR MANHATTAN OFFICE BUILDING]]> NEW YORK CITY — Meridian Capital Group has negotiated a $44 million mortgage loan to rec...]]> <![CDATA[RUSSO GAINS APPROVAL FOR SOMERSET TECHNOLOGY PARK]]> FRANKLIN TOWNSHIP, N.J. — Data center developer Russo Development has secured planning a...]]> <![CDATA[NORTHMARQ ARRANGES $12.2 MILLION FOR SUMMERHILL MARKETPLACE]]> EAST BRUNSWICK, N.J. — Deanna Polizzo and Ernest DesRochers of NorthMarq Capital's N...]]> <![CDATA[EAGLEBRIDGE SECURES FINANCING FOR RHODE ISLAND BANK]]> WEST WARWICK, R.I. —Eaglebridge Capital has secured  $746,000 in permanent mortgage...]]> <![CDATA[MIT FEDERAL CREDIT UNION RENEWS LEASE IN CAMBRIDGE]]> CAMBRIDGE, MASS. — MIT Federal Credit Union has renewed its 16,573-square-foot lease at ...]]> <![CDATA[BOTTOM DOLLAR FOODS OPENS STORES IN GREATER PITTSBURGH AREA]]> PITTSBURGH — Discount grocer Bottom Dollar Foods is opening 14 stores in greater Pittsbu...]]> <![CDATA[OPTIMUM SELLS SPENCER SUITES IN PHILLY]]> PHILADELPHIA — Optimum Hotel Brokerage has closed on the bank REO sale of the Spencer Su...]]> <![CDATA[CONSTRUCTION TO BEGIN ON 700,000-SQUARE-FOOT DISTRIBUTION FACILITY]]> CARLISLE, PA. — Trammel Crow Co. and USSA Real Estate Co. plan to break ground on a 700,...]]> <![CDATA[FIDELITY NATIONAL TITLE INSURANCE RELOCATES NYC HEADQUARTERS]]> NEW YORK CITY — Fidelity National Title Insurance Co. is relocating its New York City he...]]> <![CDATA[JOINT VENTURE BUYS SUBURBAN OFFICE BUILDING IN CONNECTICUT FOR $11 MILLION]]> NORWALK, CONN. — In a joint venture KABR and Blackpoint Partners have acquired 535 Conne...]]> <![CDATA[RLJ CONVERTS THREE HOTELS FOR $24 MILLION]]> PITTSBURGH — RLJ Lodging Trust has completed three hotel conversions for $24 million, in...]]> <![CDATA[LIBERTY BANK CLOSES $7.4 MILLON LOAN FOR NEW JERSEY MOB ]]> CEDAR KNOLLS, N.J. — Liberty Bank of Middletown, Conn. has closed a $7.4 million commerc...]]>