NEW YORK CITY-The San Francisco-based firm takes over the long-term leasehold on the 32-story office tower over the Post Office building at 45th Street and Lexington Avenue. Seller is Royal Dutch Shell Pension Fund.
NEW YORK CITY-The sale/leaseback specialist acquires two US and one Dutch facility. The deal is part of a record-setting quarter for the investment banking firm during which it closed $168 million worth of acquisitions.
NEW YORK CITY-Locally based Thurcon Properties sells off nine apartment buildings to Greystar Real Estate Partners for $240 million. It's the South Carolina firm's first Manhattan real estate acquisition.
NEW YORK CITY-A historic downtown loft building will be the new home of video game manufacturer Take-Two Interactive Software Inc. The firm is the maker of the immensely popular "Grand Theft Auto" game.
NEW YORK CITY-Saying that Mark Costello "brought both passion and professionalism to the job," Grubb & Ellis CEO Barry Barovick revealed this morning that that the firm's chief operating officer will be leaving the firm.
NEW YORK CITY-The asset management firm occupies nearly 10,000 sf above Henri Bendel's flagship store at Fifth Avenue and 56th Street. The deal is a five-year sublease from a Barbados-based reinsurance intermediary.
NEW YORK CITY-Rochester and Palo Alto, CA-based biotech firm Genencor will spend up to $50 million on an upstate facility for clinical trials of drug candidates. The complex may lead to further expansions of the firm's Rochester operation.
NEW YORK CITY-Averne-by-the-Sea is being developed through a public/private partnership between the city and a JV of two Long Island builders. Among its components will be 2,300 housing units and 200,000 sf of retail space.
NEW YORK CITY-Having signed a commitment at the under-construction Harlem Center, state officials are now looking to replace the Downtown space it lost on Sept. 11.
NEW YORK CITY-The California-based real estate trust completes the acquisition of a 200-unit assisted living facility on Long Island. Louisville, KY-based Atria Inc. leases back the facility for 10 years.