NEW YORK CITY-Tribeca Associates picks up the 420,000-sf Penncom Plaza for $63 million. This marks the company's first purchase here and it serves as part of a business focus for Tribeca.
BALTIMORE-The previously announced sale of Prime Retail, based here, to an affiliate of the Lightstone Group LLC for $626.5 million in cash and assumed debt has been completed.
NEW YORK CITY-Cushman & Wakefield has added a retail industry heavy hitter to its lineup. James Rosenfield, president and founder of JS Rosenfield & Co. joins the firm to head up its national retail practice.
NEW YORK CITY-Tri-State-area properties available at the Dec. 16 auction include an apartment building here as well as development land on Long Island that is already approved for an assisted-living facility.
GLENDALE, NY-Some of the names expected to have a presence in the Shops at Atlas Park lifestyle retail center here include Elizabeth Arden Red Door Salon and Jos. A. Bank Clothiers.
NEW YORK CITY-While the number of leases totaling more than 100,000 sf has equaled last year's total already, one industry executive expects there to be 10 more or so by the end of the year.
NEW YORK CITY-Proving once again that law firms are currently driving demand in the marketplace, a general practice firm re-ups for 24,000 sf at 110 East 59th St. The firm has been in its Park Avenue home for 20 years.
NEW YORK CITY-In this year of the big deal, another one is added to the list as 11 Madison Ave. changes hands for $675 million. The 2.2-million-sf tower is being acquired by Tamir Sapir of Zar Realty Management Corp.
NEW YORK CITY-On track with a prediction earlier in the year to have a banner year, WP Carey provides $137 million in sale/leasebacks to six companies in deal involving 2.8 million sf.
ELMHURST, NY-More than 50 offers over a two-month period were received on the seven-building portfolio. The 454 apartments sold in an all-cash transaction valued at $57.5 million.