Original Northeast commercial real estate news & events for New York, New Jersey, Boston, Philadelphia, and other northeastern US states, plus expert insights, commentary and analysis into secondary and tertiary regional and local markets.
Maximizing the value, improving the efficiency and maintaining the appeal of retail centers is becoming increasingly complex, says Robert Carson, Levin's executive vice president.
While mid-market projects are increasing, that does not minimize the tremendous impact and market share large-scale projects maintain in New York City.
Polsinelli, a senior managing director and principal, and Rogovin, senior director and principal, at Eastern Consolidated, will lead the new Compass commercial division.
TH Real Estate, an affiliate of Nuveen (the investment management arm of TIAA), will retain the remaining 50.1% interest in 501 Boylston St., which totals 610,000 square feet of office and retail space.
The cash and stock merger deal, which was announced on May 2, is expected to close on Sept. 7. The deal values MTGE at $19.65 per share of MTGE common stock based on the closing price of Annaly's common stock on April 30, 2018.