Regional Digests
NYC Condo Portfolio Fetches $70Mln
October 23, 2003 CityFeet.comZiel Feldman of PMG has sold a portfolio of 160 condominium units on Manhattan's Upper West Side for $70 million to a partnership between an investor and a hedge fund. The units are both rent stabilized and...
$82Mln Portfolio of Downtown NYC Buildings on the Market
October 23, 2003 CityFeet.comMassey Knakal has begun marketing the JEM portfolio – a group of residential and commercial properties in lower Manhattan's Soho and Chelsea districts. Brokers Robert Knakal and John Ciraulo have the listing, which is expected to sell...
Developer Puts $250Mln Development Parcel on the Block in Boston
October 23, 2003 The Boston GlobeBoston developer Frank H. McCourt Jr. is looking to sell or find a partner for the 24 acres on the South Boston Waterfront he's assembled over the last 25 years. The land deal could fetch...
New Boston Office Tower Could Hit the Block Next Month
October 23, 2003 The Boston GlobeThe owners of Boston's newest office tower are expected to put the 36-story tower at One Lincoln St. up for sale. John B. Hynes III, managing partner and principal of Gale Co., has consulted with...
Baltimore Seeks Redevelopment of City Block
October 23, 2003 The Baltimore SunBaltimore plans to take control of a faded five-square-block area on it west side and find developers willing to transform it into a vibrant collection of shops, restaurants and homes. Redeveloping the 3.6-acre block, which...
Funding Provided for Lab Space in Calif., Md.
October 23, 2003 George Smith Partners, based in Los Angeles, has arranged a total of $64 million in two financing transactions for an unidentified borrower for 280,000 square feet of lab space in California and Maryland. In the first transaction,...
New Filene’s Opening in Mass. Mall
October 22, 2003 Pennsylvania Real Estate Investment Trust will soon add a Filene's department store to the Dartmouth Mall, a 620,000-square-foot center that opened in fall 2004 in Dartmouth, Mass. Filene's parent company, The May Department Stores Co., recently signed...
NYC’s Empire Hotel Taken Over by Receiver
October 22, 2003 New York Post (Second item)The Empire Hotel opposite Lincoln Center at 44 W. 63rd St. in Manhattan was taken over by a receiver earlier this month, but all sources insist the move was merely a technicality. The...
Boston Developer Takes Space in Empty Office Tower
October 22, 2003 The Boston GlobeDean F. Stratouly, the owner-developer of 33 Arch St. in Boston, has just signed a deal to take the first lease in the empty office tower, which is slated to open in April. Stratouly's Congress...
Gulf Insurance Subleases New HQ Space in Downtown NYC
October 22, 2003 New York Daily News (Third item)Gulf Insurance Group has subleased 108,000 square feet of office space at 1 State Street Plaza in downtown Manhattan. Gulf, a unit of Travelers, just moved its headquarters to the downtown tower...
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