NEW YORK CITY-Pork processor Smithfield Foods sells its Philadelphia plant to cased-meat company Pennexx Foods Inc. Smithfield, with offices here and in Virginia, owns 50% of Pennexx.
NEW YORK CITY-Sovran Self Storage, a Buffalo-based REIT, has closed on $30.5 million in permanent fixed-rate financing secured by 11 self-storage properties located in six states.
NEW YORK CITY-With its first building here nearly complete, the developer works with a local development organization on the final design for the second phase of Avalon Riverview. At question is whether the completed complex should comprise two or three structures.
NEW YORK CITY-With its first building here nearly complete, the developer works with a local development organization on the final design for the second phase of Avalon Riverview. At question is whether the completed complex should comprise two or three structures.
NEW YORK CITY-Netherlands-based NIB Capital Private Bank N.V. subsidiary NIB Capital Private Equity has subleased a full floor at 600 Fifth Ave. Cresa Partners, which brokered for the tenant, also provided project management for a complete build out of the space.
NEW YORK CITY-The chic heeler signs a 15-year lease at $150 per sf for its fourth store, a 5,435-sf space on the Upper East Side next door to upscale women's clothing store Searle.
EAST MEADOW, NY-Russia-based Lukoil Oil Co. and its subsidiary Getty Petroleum Marketing Inc. have purchased a 36,555-sf joint headquarters building in the Long Island community of East Meadow.
HARRISBURG, PA-The closing was last week, but the tenant's broker says representatives of the property's owner put the cart before the horse when they revealed the deal before building out the space.
NEW YORK CITY-The World Trade Center Developer closes the first chapter in the insurance coverage battle that began with the Sept. 11 bombing of the twin towers.
NEW YORK CITY-The city's 2003 budget contains a one-line item that has been raising eyebrows all over town. It's a controversial plan to sell the tax benefits to city-owned property to private entities.