ConnectCRE Lesser Evil, a maker of organic snacks, has signed a lease for 303,100 square feet at Lincoln Logistics 84×684 Crossings, a 921,100-sf industrial property in Brewster, N.Y. The property is owned by Lincoln Equities Group of East Rutherford, N.J. [...]
Commercial Real Estate Direct Staff Report GID Investment Advisors has paid $27.3 million, or $175.69/sf, for the 155,384-square-foot industrial property at 1220 Trade Drive in North Las Vegas. The Boston investment manager purchased the property from Blackstone, which assumed it [...]
Irvine Community Land Trust has paid $26.5 million, or $96.36/sf, for the 275,000-square-foot office property at 2400 Barranca Parkway in Irvine, Calif. The Irvine company purchased the property from Gemdale USA of Pasadena, Calif., in a deal brokered by Marcus [...]
The Real Deal David Werner Real Estate has paid $52 million, or $221.28/sf, for the 235,000-square-foot office property at 300 East 42nd St. in midtown Manhattan. The New York investor bought the property from Fortress Investment Group in a deal [...]
Triad Business Journal Lightstone Group has paid $41.1 million, or $500.89/sf, for the shuttered Imperial Center flex building in Durham, N.C. The New York company purchased the 82,054-square-foot property, which sits on 15.69 acres at 1219 Shiloh Glenn Drive, from [...]
The volume of CMBS loans in special servicing increased by 1.47% last month to $58.16 billion, putting the volume at a level not seen since June 2013, when $59.27 billion of loans were in special servicing. The office sector continues [...]
Commercial Real Estate Direct Staff Report In another sign that the Manhattan office sector might have turned a corner, 306 tenants were scouting for a total of 25.6 million square feet in the borough last month, according to Newmark. Searches [...]
New York Business Journal Amazon.com Inc. has leased 112,000 square feet of space at the 1.8 million-sf 5 Manhattan West office property in the Chelsea section of Manhattan. It is leasing the space through WeWork. Brookfield Properties owns the 16-story [...]
Washington Business Journal Melrose Solomon Enterprises has paid $38.85 million, or $213.46/sf, for Tavern Square, a 182,000-square-foot mixed-use property at 411 King St. in Alexandria, Va. The Tenafly, N.J., investor bought the four-building property from a venture of Westport Capital Partners [...]
ConnectCRE Novak Development is offering for sale Webster Place, a 136,130-square-foot retail center in Chicago. The local company has hired CBRE to market the property. It had acquired it in 2022 for $29.3 million. Webster Place was built in 1988 [...]
