NEW YORK CITY-As part of its $375-million acquisition of Boston-based SSRM Holdings Inc., BlackRock will receive approximately $6 billion in real estate assets. One of the investment management firm's goals is to expand those holdings.
NEW YORK CITY-Wyndham International purchased the lease of the landmark Wyndham Hotel here and can now expand in this area. The Dallas-based hotelier is exploring development projects with a total of approximately 3,000 rooms for its brand.
NEW YORK CITY-B&H Photo Electronics grabs four full floors totaling approximately 93,000 sf at 440 Ninth Ave. Over the past year, SL Green has leased up the site negotiating deals for approximately 170,000 sf.
NEW YORK CITY-The company veteran moves into the position after serving the suburban Westchester and Fairfield marketplace. He is called the "archetype of the next generation leader" by one CBRE exec.
NEW YORK CITY-Approximately half of the respondents say they'll personally be heading out of the area or taking vacation time during the upcoming Republican National Convention. An additional 25% say they'd either work from home or another office or take a business trip.
NEW YORK CITY-Morgans Hotel completes a $475-million refinancing of its hotel properties--three of the sites are located here, the others are in Miami and Los Angeles.
NEW YORK CITY-Goldman Sachs is spearheading the first headquarters development in Lower Manhattan since 1988 as it plans a two-million-sf home on the last remaining commercial site in Battery Park City. The project will receive $1 billion Liberty Bond financing and other incentives.
WHITE PLAINS-EastRidge is planning a $4-million renovation of its 70,000-sf 103 Corporate Park Dr. once its current tenant vacates the site early next year. EastRidge is currently planning its 2005 capital improvement program for its four office parks.
NEW YORK CITY-Industry veteran Joseph Harbert jumps from CBRE to C&W where he was named COO for the New York Metro region. In his new role, Harbert will develop and oversee various initiatives here.