New York Post The Good Cause Eviction Bill winding through the New York state legislature would cap annual rent increases at New York City apartments at the greater of 3 percent or 15 percent of the increase in the Consumer Price Index The bill...
Commercial Observer The 11-unit apartment building at 271 West 11th St in Manhattan’s West Village neighborhood has been sold for $265 million, or $241 million/unit The four-story building, constructed in 1884, was sold by Alicia Harper, who...
The Registry Analog Devices is offering for sale its five-building office and research and development campus in Milpitas, Calif The semiconductor company hired Colliers to market the 319,835-square-foot property at 790 and 720 Sycamore Drive, 1511...
The Real Deal Brookfield Properties is in talks to buy the 49 percent stake in the One Liberty Plaza office building in lower Manhattan held by Blackstone Group in a deal that values the property at $1 billion It’s effectively buying back the...
The Registry Intel is offering for sale its four-building office campus with 505,090 square feet at 101, 121, 131 and 141 Innovation Drive in San Jose, Calif The tech giant has hired Colliers to market the property No asking price has been set The...
LNR Partners once again will be trying to sell the nonperforming CMBS loan against the historic Oheka Castle on Long Island's North Shore It tried selling it last fall, but didn't get bids that were high enough It's hired Mission Capital Advisors to...
Commercial Observer Greystone has provided $2572 million of Freddie Mac financing against the six-building Beacon apartment complex, with 1,155 units in Jersey City, NJ The 10-year financing, arranged by Cushman & Wakefield, allows the...
The Real Deal Hines has paid $112 million, or about $427/sf, for the 262,000-square-foot Source at White Plains retail property in White Plains, NY The Houston company bought the grocery-anchored shopping center, at 100 Bloomingdale Road, from UBS...
Commercial Observer Terreno Realty Corp has paid $23 million, or about $418/sf, for a 55,000-square-foot industrial property at 42-11 Ninth St in Queens, NY The Bellevue, Wash, REIT bought the property, which sits on a 11-acre site in the...
New York Post Resolution Real Estate, which manages the 590,000-square-foot office building at 330 West 42nd St in midtown Manhattan, says it’s moving forward with a residential conversion of the 33-story building’s 22 upper floors The...
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