NEW YORK CITY-Locally based Lexington Corporate Properties Trust has formed a joint venture with an institutional investor advised by AEW Capital Management with the goal of acquiring up to $140 million in single-tenant properties.
NEW YORK CITY-Partly due to the success of its <i>South Beach Diet </i> publication, Rodale Press inks a renewal and expansion deal at 733 Third Ave. Thanks to some restacking, the publisher ups its presence to 113,699 sf.
FLUSHING, NY-A development plan with costs, excluding land, estimated at approximately $265 million is being put in place to revitalize the Downtown area of this Queens community. A report suggests an improved transportation infrastructure is a critical need.
NEW YORK CITY-The nearly two-million-sf site, which SL Green acquired two years ago for $480 million, is the subject of a first mortgage of $425 million. The Times Square site serves as the world headquarters of Viacom Inc.
NEW YORK CITY-A joint venture of Nathan Berman, Yaron Bruckner and Eastbride NV closed on the acquisition of the 800,00-sf 20 Exchange Pl. here. Berman and Bruckner also closed on additional financing for another Lower Manhattan acquisition--63 Wall St.
NEW YORK CITY-The locally based fund closes its third fund in a series with $292 million in equity raised. Investments planned include an assortment of transactions throughout the US.
NEW YORK CITY-A select group of New Yorkers learned of the current development boom in "Downtown" Los Angeles that exceeds more than $2 billion. The event, geared toward investors, was sponsored by the L.A. Downtown Center BID and brought out such speakers as L.A.'s mayor and police chief, as well as C&W chair John Cushman.
NEW YORK CITY-Swig Burris adds another site to its growing portfolio of Lower Manhattan acquisitions. This time the firm partners with Broadway Management to take the 400,000-sf 80 Broad St. Financing for the acquisition totaled $64 million.
NEW YORK CITY-As GlobeSt.com projected on April 27, Bruce Mosler will replace Arthur J. Mirante II as C&W's president and CEO. As this morning's press conference revealed, Mosler's rise comes with a short list of strategic changes.
NEW YORK CITY-Sussman, who was hired as the International Council of Shopping Centers first employee in 1958, died June 8 after a brief illness at age 88. When he was hired, ICSC had only 75 members. Today, the global trade association of the retail real estate industry has more than 48,000 members in 77 countries.