NEW YORK CITY-This is the fourth acquisition by the fund, which expects to close an additional $350 million in purchases by the end of the next quarter. The fund is looking at properties in the top 20 markets.
NEW YORK CITY-A residential portfolio from Macklowe Properties trades for approximately $200 million. Marketed by Massey Knakal, the sites received 74 offers.
NEW YORK CITY-The REIT has had an active period--selling an apartment tower in New Jersey, picking up a Staten Island retail center and refinancing Two Penn Plaza.
NEW YORK CITY-The Permanent Mission of France to the United Nations renews its 33,000-sf lease at a reduced rent four years before the current lease expiration.
NEW YORK CITY-The New York Chapter of CoreNet Global kicked off a series of seminars with "The Laws of Teamwork," an event sponsored by its Professional Development Committee.
NEW YORK CITY-Just three months after expanding its space at 1440 Broadway, Internet search engine Google decides to double that amount and picks up an option for 55,676 sf.
NEW YORK CITY-As part of the 2005 Federal budget, President George W. Bush was expected to propose a five-year extension of the $8-billion Liberty Bond program, which is currently slated to expire at the end of this year.
NEW YORK CITY-Jamestown buys a 75% stake in one of the city's largest assets--the 2.8 million-sf 111 Eighth Ave for approximately $775 million. The site, once home to the Port Authority, now has such tenants as Deutsch Inc. and DoubleClick.
NEW YORK CITY-After 18 months on the market, the fee simple in 609 Greenwich St. sells for $23 million. Interest in the site was active from those interested in a residential conversion possibility, however it sold in a 1031 exchange.
NEW YORK CITY-Johnson Capital heads east and brings on industry veterans Daniel Lisser and William Nichols to head up a new office that specializes in national loan sales and syndication.