A venture of Mattone Group and Gartenstein Properties has paid $30 million, or $500/sf, for the 60,000-square-foot ShopRite grocery store in the New York suburb of Bay Shore, N.Y. It purchased the property, at 1905 Sunrise Highway, about 51 miles ...
Crain's New York Business Accounting firm EY is in talks to lease as much as 170,000 square feet at 121 River St., a 520,000-sf office property in Hoboken, N.J. EY, which is being represented by CBRE, leases 975,414 sf at ...
Commercial Real Estate Direct Staff Report Metropolitan Life Insurance Co. has provided $106.5 million of mortgage financing against East Gate Square, a 771,856-square-foot retail property in the Philadelphia suburb of Moorestown, N.J. The property, at 1000-1690 Nixon Drive, is owned ...
Equus Capital Partners has struck a deal to sell the 771,856-square-foot East Gate Square retail property in the Philadelphia suburb of Moorestown, N.J., for $188 million, or about $244/sf. The transaction would be the largest in south Jersey since 2005.
Wall Street Journal A group led by investor David Werner has completed its $1.5 billion, or roughly $1,364/sf, purchase of the 1.1 million-square-foot office building at 5 Times Square in Manhattan. The group last year entered into talks last year with ...
A Delaware court last week denied motions by LNR Partners and C-III Asset Management that would have resolved their dispute over the special servicing rights of a CMBS transaction. It ordered the two companies to either resolve their dispute ...
Commercial Real Estate Direct Staff Report The tenants association for the Stuyvesant Town/Peter Cooper Village apartment complex in Manhattan says CWCapital Asset Management, special servicer of $3 billion of CMBS debt against the property, has been unwilling to work with ...
Commercial Real Estate Direct Staff Report CapLease Inc. has acquired the $11 million junior loan against three industrial properties that had been fully leased to Nestle, clearing the way for it to start negotiating a possible restructuring of the remaining ...
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© 2023 Commercial Real Estate Direct All rights reserved..