ATLANTIC CITY, NJ-GMAC Commercial Mortgage Corporation (GMACCM) has arranged $55 million in fixed-rate permanent financing for an 843,000-sf Atlantic City retail power center.
NEW YORK CITY-A newly-formed umbrella organization comprised of Lower Manhattan-based business and civic groups says revitalization of street level local retail services is the top priority for downtown reconstruction.
NEW YORK CITY-The $35-million, nine-story Soho 25 is unique in that it will be taller than its neighbors. Under development by Metropolitan Housing Partners LLC, it will offer 32 high-end loft residences.
MONTVALE, NJ-The largest importer of Italian wine, Winebow Inc. has purchased a 63,113-sf, three-story building from International Paper. Winebow is relocating its headquarters from Hohokus.
NEW YORK CITY-Is the New York City office market in even weaker condition than its high vacancy rates indicate? One quarterly report suggests "hidden space" is a factor that needs to be considered.
NEW YORK CITY-Kevin F. Haggarty, 60, who served as executive managing director for Insignia/ESG's Capital Advisors Group (CAG) for the past six years, died suddenly of a heart attack early Tuesday morning on his way into the office.
JERSEY CITY, NJ-Inland Retail Real Estate Trust, an Oak Brook, IL-based REIT, enters the Garden State real estate marketplace as it purchases a seven-property 721,000 sf mixed-use portfolio for $131.4 million.
NEW YORK CITY-Additional details of the 40-year master plan for revitalizing Hudson Yards including constructing a new sports and convention center were discussed at the Metropolitan New York Chapter of the Appraisal Institute Joint Region IV and V Symposium.
TEANECK, NJ-The New Jersey chapter of the National Association of Industrial and Office Properties (NAIOP) honored industry leaders for their contributions at its 16th annual gala on May 14.
