NEW YORK CITY-Morgan Stanley will add $13 billion in property assets to its portfolio with the acquisition of most of Lend Lease Corp.'s US real estate investment groups. Last month, the Sydney-based Lend Lease announced it would be exiting the US arena over time.
NEW YORK CITY-Law firm Cadwalader, Wickersham & Taft LLP is selling its 325,000 sf 100 Maiden Lane office. Jones Lang LaSalle has been retained to market the property.
NEW YORK CITY-One of Manhattan's longest real estate battles has come to a conclusion. Donald Trump and insurer Conseco Inc. have mutually agreed to sell the GM Building.
BROOKLYN-Buyers are taking an interest in the Brooklyn multifamily market. One 11-builiding 1,050 unit apartment portfolio sold for $60 million, while a 35-unit affordable housing property sold for $1.45 million.
NEW YORK CITY-ABN Amro's diamond, precious metals and jewelry group is relocating to 565 Fifth Ave. allowing for close proximity to its clients in the jewelry district.
SHELTON, CT-The New England Technical Institute has signed a 10-year lease for 31,500 sf of space at 8 Progress Dr. here. The school plans to offer culinary arts, practical nursing and electrician training courses at the campus.
NEW YORK CITY-Larry Silverstein outlined plans for the former World Trade Center site noting that he's "totally confident" courts will rule in his favor regarding insurance claims he expects will finance the rebuilding process.
NEW YORK CITY-Bovis Lend Lease has inked a 15-year renewal for space at one of Manhattan's premiere business addresses, the MetLife Building, 200 Park Ave. They had been a tenant since 1992 and the current lease was due to expire within the next year.
