NEW YORK CITY-The Manhattan-based REIT has completed its acquisition of nearly all the shopping center assets of a Morgan Stanley-owned trust for $354 million in cash and the assumption of $300 million in outstanding debt.
NEW YORK CITY-The international investment group buys up a dozen downtown Boulder, CO buildings totaling 591,000 sf and two Piscataway, NJ office buildings comprising 236,961 sf.
New York City-After nine months in business with seven locations currently up and running, parent company Bank Hapoalim has invested more cash in Signature to ensure its brisk expansion continues apace.
NEW YORK CITY-The sale, which closed yesterday, adds a 27-story Skidmore, Owings and Merrill-designed trophy building to Harbor Group's $800-million portfolio of multifamily, retail, industrial and office properties.
NEW YORK CITY-The real estate trust disposes of 765,887 sf in non-core assets located in Pennsylvania and New Jersey. The largest sale is a 766,000-sf industrial/flex portfolio that went to Chicago based First Industrial Realty Trust for $38.9 million.
NEW YORK CITY-Lehman Brothers 5th Annual Future of REITS conference was a relatively sober affair, with participants lamenting the absence of any hard evidence of an economic recovery.
NEW YORK CITY-The developers of a major Clinton production studio/office complex say they completed the city's approval process for the massive project "with flying colors." But neighborhood residents claim that when the local community board tried to get the 700,000-sf design scaled down they were told to take it or leave it.
NEW YORK CITY-The Manhattan-based REIT investment manager acquires 1.7 million shares of common stock from Developers Diversified Realty Corp, a Cleveland-based realty trust.
Melville, NY-The Long Island real estate firm secures an $18-million loan backed by the Melville Corporate Center, a former baking facility converted by the company into class A office space. M. Robert Goldman arranged the financing.
NEW YORK CITY-Donald Trump and his Japanese investors have negotiated a deal to sell the Empire State Building to master leaseholder Peter Malkin. The sale could be completed in six weeks.