BOSTON-NERR, a 30-year-old mortgage firm specializing in the origination and servicing of commercial mortgage investments, will be integrated into NorthMarq’s existing Boston office, GlobeSt.com has learned.
NEW YORK CITY-The joint venture has snatched up 11 E. 68th St., a 12-story neo-renaissance luxury housing property between 5th and Madison Ave. Rents here start at $4,000 and range to $8,500 per month for one-bedrooms.
NEW YORK CITY-Panelists at Prudential Financial Inc.’s “Global Economic and Retirement Outlook” media briefing said opportunities in high-yield markets and structured products will be a strong point for real estate investors.
NEW YORK CITY-Marking another notch in the ULURP process, the city’s Department of City Planning has certified the university’s core special permit and zoning map for new academic buildings and other developments at the edge of LaGuardia Place and Mercer Street late Jan. 3.
NEW YORK CITY-The 23-story, 1.1-million-square-foot office building received a seven-year loan from HSBC Holdings PLC. Major tenants here include Macy’s Corporate and Rainbow Media Holdings Inc.
NEW YORK CITY-Howard Rothschild, president of the Realty Advisory Board on Labor Relations, tells GlobeSt.com’s Jacqueline Hlavenka about the impact its tentative agreement with Local 32BJ will have on more than 20,000 commercial office cleaners throughout the city.
NEW YORK CITY-The Maryland-based lodging REIT has completed its acquisition of the 934-key Midtown hotel, though the original purchase price was reduced by nearly $10 million.
NEW YORK CITY-Work on the 7 subway line extension, Fulton Street Transit Center, the Second Avenue subway and East Side LIRR access are all on track for their scheduled completion, the transportation authority says.
NEW YORK CITY-The two groups struck a deal on New Year’s Eve that will affect more than 20,000 commercial building service workers. The resolution will be ratified by RAB on January 3rd.
NEW YORK CITY-Mitch Roschelle, partner of the US real estate advisory practice at Pricewaterhousecoopers, tells GlobeSt.com’s Jacqueline Hlavenka that office retention will continue its slow and steady recovery into 2012.