NEW YORK CITY-The Manhattan-based REIT and the New York State Common Retirement Fund expand their joint venture, adding $50 million and $150 million, respectively, for the acquisition of an additional $560 million in net-leased office and industrial properties.
FORT WASHINGTON, PA-In the first of what may be at least three similar deals, Cedar Income Fund Ltd. agrees to purchase a seven-acre parcel off the Pennsylvania Turnpike and construct a build-to-suit health club for L.A. Fitness.
NEW YORK CITY-The venerable vendor of vertical transportation wins contracts for six of the largest high-rise construction projects currently under development in the greater metropolitan area.
NEW YORK CITY-The media-ratings firm signs an 11-year renewal on its world headquarters space. Its former parent company, Ceridian Corp., also renews its lease on 24,000 sf in the same building.
NEW YORK CITY-The Bickersons of Broadway bury the hatchet and settle a deal that gives Durst a 1.5-million sf block of contiguous 42nd St. real estate.
NEW YORK CITY-The commercial real estate firm picks up a plum assignment without leaving the building: the management and leasing of the 2.8-million sf tower it calls home.
NEW YORK CITY-The recently announced $270-million sale of Queens' largest apartment community set a record when the buyer secured the largest single-asset loan in Freddie Mac history.
ORANGEBURG-Optical equipment products firm Olympus Industrial America Inc., plans to expand its Rockland County operations and build a new 65,000-sf corporate headquarters building here.
NEW YORK CITY-The displaced World Trade Center law firm picks up 338,000 sf of Midtown space previously earmarked for American Express. Amex announced Friday that it would return to its World Financial Center headquarters.
NEW YORK CITY-A short-term cash crunch in Lower Manhattan won't result a dramatic spike in CMBS bond defaults, according to the rating agency's latest report.
