Northeast
Hyatt Drops Plans for Hotel in NYC’s SoHo
May 20, 2003 New York PostHyatt has abandoned a plan to develop a boutique hotel in SoHo and is putting the site up for sale. The hotel giant has hired Cushman & Wakefield's Jon Epstein and Charles Kingsley to market...
Downtown NYC Office Market Sees Significant Lease Deals
May 20, 2003 New York Post (Second item)Citigroup has decided not to subleases 330,000 square feet it had planned to unload at 125 Broad St. in lower Manhattan and instead fill the space with non-insurance units, all or most of...
Owners of Downtown NYC Office Building File Ch. 11
May 20, 2003 New York PostThe 34-story office tower at 22 Cortlandt St., which overlooks the 16-acre construction site at Ground Zero in lower Manhattan, has been quietly placed in Chapter 11 bankruptcy. The tower's owners, a partnership led by...
NY Castle Sells for $11Mln
May 20, 2003 New York PostElite Hotels, a little-known company that intends to launch a number of boutique lodgings, is paying $10.9 million for the Castle at Tarrytown, the glamorous little Westchester property overlooking the Hudson River that last belonged...
Silverstein Angling for 5th Tower on WTC Site
May 20, 2003 New York Daily NewsDeveloper Larry Silverstein is pushing to overhaul the official vision of Ground Zero in lower Manhattan so another office tower can be squeezed onto the site, sources said yesterday. Despite publicly supporting the Ground...
LA Fitness to Open First NY Health Club on Long Island
May 20, 2003 L.A. Fitness has signed a 65,000-square-foot lease for its first New York health club at the iPark corporate office and technology center in Lake Success, N.Y. L.A. Fitness will anchor iPark's South Building, at the corner of...
Merrill Lynch Subleases NJ Space to Tyco
May 20, 2003 Merrill Lynch has subleased 146,000 square feet at 9 and 7 Roszel Road in West Windsor, N.J., to Tyco International Ltd., which will relocate from New York City, New Hampshire and other locations to occupy the Class-A...
Fleet Provides $52Mln Construction Loan for Boston Project
May 20, 2003 Banker & TradesmanFleet Bank has provided a $52 million construction loan for Rollins Square, a $64 million mixed-income development project in Boston's South End. The 184-unit complex, which also includes 6,000 square feet of neighborhood retail space,...
Regional Shopping Centers, Boston Buildings on Block
May 20, 2003 Banker & TradesmanEastern Development Co. has hired Cushman & Wakefield to sell a 1.5 million-square-foot portfolio of community shopping centers in New England. That package, said to include seven prime assets, carries an asking price in the...
Horizon Breaks Ground for Office in Wall, NJ
May 20, 2003 The Star-Ledger (Newark, N.J.)Horizon Blue Cross Blue Shield of New Jersey plans to consolidate employees from three sites to one complex being built in Monmouth County. Horizon will lease the space from Commercial Realty & Resources Corp.,...
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