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Rebuilding Downtown JPMorgan Chase WTC Development Plans in Doubt
May 15, 2008
Has JPMorgan Chase finally backed off on plans to build an office tower at the World Trade Center site in lower Manhattan?
Adobe to Buy Boston-Area Office Building Upon Completion
May 15, 2008
In a $44.7 million deal, Adobe Systems Inc. has agreed to purchase Overlook Center in Waltham, Mass., from Normandy Real Estate Partners upon its construction.
Yales Sculpture Yale Building Wins AIA Award
May 15, 2008
Yale University’s new Sculpture Building has been named to the American Institute of Architect's top ten green projects of 2008 list. The building, designed by architects Stephen Kieran and James Timberlake, also earned a platinum LEED certificate.
suffolk Markland Acquires 47 Citibank Branches in $100M Sale-Leaseback
May 14, 2008
An Irish investment group, which market sources have pegged as Markland Holdings Ltd., has acquired 47 Citibank branches in the New York City metropolitan area for $100 million.
Allen & O’Hara Closes $73M Student Housing Bond Issue
May 14, 2008
Allen & O’Hara Development Co., the development subsidiary of Education Realty Trust Inc., has closed on a $73.4 million bond issue for the development of a student housing project at Indiana University of Pennsylvania.
Two Medical Colleges Snap Up Former Hospital in Westwood for $45M
May 14, 2008
Hackensack University Medical Center and Touro University College of Medicine have just completed the acquisition of the former site of Pascack Valley Hospital in Westwood in a deal valued at $45 million.
Software Firm Stakes a Claim to 15,000SF in Cambridge
May 14, 2008
Allurent Inc. has just signed a lease with Transatlantic Investment Management Inc. for a 15,000-square-foot space at the 114,400-square-foot American Twine Building in Cambridge.
NYC Mega-Deal Updates: Tishman Speyer Sails from Hudson Deal, Madison Square Garden Redo Moves Ahead
May 13, 2008
First the Moynihan Station deal stalled. Now the Hudson Yards plan is billowing smoke.
Seven-Person East Coast Retail Team Joins HFF
May 13, 2008
Holliday Fenoglio Fowler L.P. has announced that a team of seven capital markets professionals and analysts will join the firm.
41-Unit Bergen County MF Trades
May 13, 2008
Catherine Gardens, a 41-unit apartment property at 278 Main St. in Little Ferry has just traded in an all-cash transaction.
Law Firm Makes Move to 185,000SF Digs in New 52-Story NYT Building
May 13, 2008
Boston-headquartered law firm Goodwin Procter has settled into its new 185,000-square-foot home at the 1.6 million-square-foot New York Times Building.
Apple to Debut 20,000SF Store This Week
May 13, 2008
Apple will open the doors of a new store this week in a 20,000-square-foot space at 815 Boylston St., the Boston Globe reports.
Marzullo $52M Office, Industrial Fund Grabs First Philadelphia Property
May 12, 2008
The APCA Property Fund I, operated by Stamford, Conn.-based Ashforth Co. and Paradigm Capital Advisors of Boston, has acquired an 86,000-square-foot industrial building in Philadelphia, marking the $52 million fund’s first acquisition in the city.
Legal Battle May Follow End of EnCap’s Meadowlands Project
May 09, 2008
A once-promising proposal to transform landfills in Northern New Jersey into an 800-acre master-planned community now appears headed for a long legal battle. 
Atlantic Yards MTA, Tishman Speyer Hit Roadblock on Hudson Yards Talks
May 09, 2008
The massive redevelopment of rail yards on Manhattan’s Far West Side is in limbo after talks between Tishman Speyer Properties and a local transit agency broke down late yesterday afternoon.
State Announces $25M in Funds for Building, Refurbishing Affordable Housing
May 08, 2008
New York State's push to increase its pool of affordable housing marches on as Gov. David A. Paterson announces that $25.5 million in grants and financing will be doled out for the renovation of 396 multifamily units in communities across New York City and in the western portion of the state.
Pinnacle Commits to 30,000-SF Flex Building
May 08, 2008
Pinnacle Wireless will take its headquarters from Montclair to Hackensack, where it has signed a lease to occupy the entire 30,000-square-foot flex building at 80 Commerce Way.
Insurance Firm Snags 13,200SF at Raritan Plaza for Relocation
May 07, 2008
AmWINS Group Inc. has signed on to occupy 13,200 square feet at Raritan Plaza III, the class A office structure within Raritan center in Edison.
Grant Helps Pave Way for New 25,000-SF Special Olympics State HQ
May 07, 2008
Special Olympics Massachusetts' plans for the construction of a new headquarters in Marlborough gets a $2.5 million boost, courtesy of a grant awarded by the Yawkey Foundation, the Boston Globe reports.
Sony Building Chosen Corporate Facility of the Year
May 07, 2008
Grubb & Ellis Co. has announced that 550 Madison Ave. was selected by the Mid-Atlantic Building Owners and Managers Association as Corporate Facility of the Year.
395 hudson Newsweek Relocating NYC HQ to 395 Hudson
May 07, 2008
Newsweek has signed a long-term lease for approximately 163,000 square feet at 395 Hudson St., owned by the New York City District of Carpenters Pension Fund.
New Designs for Brooklyn's Atlantic Yards Project Revealed Amid Controversy
May 06, 2008
Forest City Ratner Cos., developer of the $4 billion mixed-use Atlantic Yards project in Brooklyn, just unveiled the most recent renderings of the development.
Loss of License Protects Tropicana Atlantic City from Corporate Parent’s Chapter 11
May 06, 2008
The Tropicana Atlantic City casino today said that it is not part of the Chapter 11 filing by corporate parent, Tropicana Entertainment L.L.C., and is continuing normal operations.
Chicago-Based Equibase Capital Makes Bridge Loan to Abbott Boston Development
May 06, 2008
Equibase Capital Group L.L.C., a provider of mezzanine capital to the real estate industry based in Chicago, has announced it has made a bridge loan to Abbott Real Estate Development, a residential development firm located in Boston.
$660M Sought for Empire State Building Makeover
May 05, 2008
The Empire State Building will get a massive makeover if Peter Malkin, chairman of  Wien & Malkin, has anything to do with it.
 
Boston
Adobe to Buy Boston-Area Office Building Upon Completion
May 15, 2008
In a $44.7 million deal, Adobe Systems Inc. has agreed to purchase Overlook Center in Waltham, Mass., from Normandy Real Estate Partners upon its construction.
Software Firm Stakes a Claim to 15,000SF in Cambridge
May 14, 2008
Allurent Inc. has just signed a lease with Transatlantic Investment Management Inc. for a 15,000-square-foot space at the 114,400-square-foot American Twine Building in Cambridge.
Twice Burned, Third Time Careful: Harvard Cautious In Announcing Proposed Art Museum
May 13, 2008 - Source: Boston Globe
Neighbors have complained at least twice before when the university proposed building museums. This time, Harvard Art Museum leaders are flying under the radar.
MORE NORTHEAST BOSTON HEADLINES
 
New Jersey
Two Medical Colleges Snap Up Former Hospital in Westwood for $45M
May 14, 2008
Hackensack University Medical Center and Touro University College of Medicine have just completed the acquisition of the former site of Pascack Valley Hospital in Westwood in a deal valued at $45 million.
Seven-Person East Coast Retail Team Joins HFF
May 13, 2008
Holliday Fenoglio Fowler L.P. has announced that a team of seven capital markets professionals and analysts will join the firm.
41-Unit Bergen County MF Trades
May 13, 2008
Catherine Gardens, a 41-unit apartment property at 278 Main St. in Little Ferry has just traded in an all-cash transaction.
MORE NORTHEAST NEW JERSEY HEADLINES
 
New York
Rebuilding Downtown JPMorgan Chase WTC Development Plans in Doubt
May 15, 2008
Has JPMorgan Chase finally backed off on plans to build an office tower at the World Trade Center site in lower Manhattan?
suffolk Markland Acquires 47 Citibank Branches in $100M Sale-Leaseback
May 14, 2008
An Irish investment group, which market sources have pegged as Markland Holdings Ltd., has acquired 47 Citibank branches in the New York City metropolitan area for $100 million.
NYC Mega-Deal Updates: Tishman Speyer Sails from Hudson Deal, Madison Square Garden Redo Moves Ahead
May 13, 2008
First the Moynihan Station deal stalled. Now the Hudson Yards plan is billowing smoke.
MORE NORTHEAST NEW YORK HEADLINES
 

Real Estate Market News from the Northeast


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