BOSTON—German investment has been strong in Boston. In May, Deka Immobilien acquired 175 Federal St., a 17-story, 227-365-square-foot office building, also known as the Fiduciary Trust Co. building, for $139 million from Blackstone.
NEW YORK CITY—While some building owners are holding out for the top bidder or the best tenant, most Class A landlords “are scrambling to shore up their tenant roster."
NEW YORK CITY—For Brooklyn, the hot markets continue to be the technology and creative sectors. Long Island City, on the other hand, is becoming a mecca for the fashion industry.
BOSTON—Boston Private Bank is providing a construction loan for the project of $34 million and also provided a permanent loan of approximately $3 million for the retail component of Treadmark.
BURLINGTON, MA—The company, which is the life science business of Darmstadt, Germany-based Merck KGaA, commenced construction on its new 280,000-square-foot complex at 400 Wheeler Road earlier this week.
NEW YORK CITY—While JLL reports that building tours were still robust in the second quarter of this year, leasing activity recorded in Manhattan year-to-date was down 16.8% as compared to the halfway point of 2015.
NEW YORK CITY—The media firm has nearly doubled its space at a building in the East 50s—separate from its nearby headquarters—while its landlord there also has inked a renewal with another media firm at a 42nd street property.
NEW YORK CITY—The FIRE (financial, insurance and real estate) sector accounted for 51% of the total square footage leased in the second quarter in Manhattan, according to a new report.