Subject: Northeast Regional Digest (NEDIG)

New York Times The 38-story office property at 235 East 42nd St. in Midtown Manhattan that is undergoing a residential conversion has been evacuated as construction workers noticed cracks, as well as structural support beams beginning to buckle on the ...

Commercial Property Executive MCA Realty has paid $20.6 million, or $148.96/sf, for a three-building industrial property totaling 138,296 square feet in Kent, Wash., a city that's 14 miles south of Seattle. The Santa Ana, Calif., investment firm acquired the property, ...

Boston Business Journal A venture of Lincoln Property Co. and investors advised by JPMorgan Asset Management has bought The Edge, a 962,000-square-foot office complex in Wakefield, Mass., for $61 million, or $63.41/sf. Hobbs Brook Real Estate of Waltham, Mass., sold ...

Commercial Observer Delshah Capital has paid $127.8 million for a portfolio of three mixed-use properties in the Williamsburg section of Brooklyn, N.Y., in separate deals. The New York real estate developer paid $45.8 million for 227 Grand St., which has ...

Boston Business Journal Driscoll Foods has paid $43 million, or $128.98/sf, for a 333,386-square-foot industrial facility at 1 Van Bergen Lane in West Coxsackie, N.Y. The Wayne, N.J., family-owned food distributor purchased the property from Winstanley Enterprises of Concord, Mass., ...

Boston Business Journal Northeastern University has paid $169 million, or $241,429/bed, for the East Village student-housing property in Boston. The university acquired the building from Phoenix Property Co. and Lincoln Property Co., both of Dallas. East Village, at 291 St. ...

Commercial Real Estate Direct Staff Report Target Corp. has signed a 15-year lease for 135,000 square feet at the Rego Park Shopping Center in Queens, N.Y. The Minneapolis retailer leased the space from Alexander's Inc. of Paramus, N.J., which is ...

New York Business Journal Sioni Group has paid $31 million, or $442.86/sf, for 38 West 21st St., a 70,000-square-foot office building in Manhattan. The local developer bought the property from Jack Vogel Associates, which was represented in the deal by ...

Commercial Observer Stockbridge has paid $46.1 million, or $2,634/sf, for the nearly 17,500-square-foot retail building at 1511 Third Ave. in Manhattan's Upper East Side. The San Francisco investor acquired the property from a venture of Union Investment and Nuveen Real ...

Buffalo Business First Uniland Development Co. has acquired a 205,000-square-foot warehouse at 500 Bailey Ave. in Buffalo, N.Y., for $19.4 million, or $94.63/sf. The Amherst, N.Y., company purchased the industrial property from an affiliate of Reich Brothers of White Plains, ...