Monday, August 25, 2025
Read the Digital Magazines Subscribe to the Magazines
Subscribe

Property Type

345-Park-Avenue-Manhattan
Leasing ActivityNew YorkNortheastOffice

Blackstone Signs 80,000 SF Office Lease Expansion at 345 Park Avenue in Manhattan

by Taylor Williams

NEW YORK CITY — Global asset management firm Blackstone has signed an 80,000-square-foot office lease expansion at 345 Park Avenue in Midtown Manhattan. Blackstone’s footprint at the 44-story, 1.9 million-square-foot building now spans 12 full floors and five partial floors for a total of 720,000 square feet. Other tenants at 345 Park, which is owned by Rudin Management Co., include accounting firm KPMG and the National Football League. Tom Keating represented building ownership in the lease negotiations on an internal basis.

Continue Reading
FacebookTwitterLinkedinEmail
110-Chauncy-St.-Boston
AcquisitionsMassachusettsNortheastOffice

MC Real Estate Buys 76,000 SF Historic Office Building in Downtown Boston

by Taylor Williams

BOSTON — MC Real Estate Partners LLC, in partnership with an undisclosed capital source, has purchased a 76,000-square-foot historic office building located at 110 Chauncy St. in downtown Boston. The property was originally built in the 1890s and will serve as the new headquarters for global design firm Sasaki, which has signed a 64,000-square-foot lease. MC Real Estate will work with Sasaki to redesign and renovate the space, which will house approximately 250 employees.

Continue Reading
FacebookTwitterLinkedinEmail
LoansMichiganMidwestMultifamily

Greystone Provides $17.2M Acquisition Loan for Apartment Community Near Detroit

by Kristin Harlow

HARRISON CHARTER TOWNSHIP, MICH. — Greystone has provided a $17.2 million Freddie Mac loan for the acquisition of The Shores of Lake St. Clair in Harrison Charter Township, just northeast of Detroit. The garden-style apartment community spans 13 buildings with 222 units. The complex was originally built in 1968. Amenities include a clubhouse, fitness center, pool, sports court and playground. Dan Sacks of Greystone originated the loan on behalf of Lightstone. The fixed-rate loan features a 10-year term and a 30-year amortization schedule with five years of interest-only payments. In addition to the acquisition, loan proceeds will be used for capital expenditures and property renovations.

Continue Reading
FacebookTwitterLinkedinEmail
CivicDevelopmentMassachusettsNortheast

Finegold Alexander Unveils New Design, Renovation of Eliot Innovation School in Boston

by Taylor Williams

BOSTON — Locally based design firm Finegold Alexander Architects has unveiled the new design and renovation of the Eliot Innovation School in Boston. The school is part of a three-building campus in the city’s North End neighborhood and will serve students in grades 5-8. The building formerly served as an FDA testing facility and an office property before its latest conversion to a school. Construction of the $15 million project was completed in September 2019, but the coronavirus outbreak delayed the school’s opening.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisMidwestMultifamily

Interra Realty Brokers Pair of Illinois Multifamily Transactions Totaling $13.6M

by Kristin Harlow

CHICAGO AND EVANSTON, ILL. — Interra Realty has brokered a pair of multifamily sales totaling $13.6 billion. The first property is located in Chicago’s Logan Square at 1944 N. Spaulding Ave. Brad Feldman of Interra represented both the seller, Maven Real Estate Partners, and the buyer, Lauber Property Management. The 37-unit building sold for $7.2 million. It was built in 1929 and renovated in 2014. The buyer plans to spend $1 million on renovations. The second asset is located at 909 Washington St. in Evanston. The 37-unit building sold for $6.4 million. Feldman represented the seller, Robinson Rentals, as well as the private buyer. Robinson had owned the property for 43 years and completed renovations on about half of the units. The new owner plans to repair the roof and continue unit upgrades.

Continue Reading
FacebookTwitterLinkedinEmail
DevelopmentMidwestMinnesotaMultifamily

Multifamily Development Site in Suburban Minneapolis Sells for $4.6M

by Kristin Harlow

RICHFIELD, MINN. — Developer Schafer Richardson has purchased a 3.5-acre site in Richfield, an inner ring suburb of Minneapolis, for $4.6 million. Richardson plans to build a Class A apartment complex with 237 market-rate units to be named Rya Apartments. Andy Heieie, Ted Bickel and Jeff Budish of Colliers | Minneapolis-St. Paul represented the undisclosed seller of the land, which is located on Richfield Parkway. A timeline for construction was not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIllinoisIndustrialMidwest

Marcus & Millichap Arranges $4.1M Sale of Industrial Flex Building in Suburban Chicago

by Kristin Harlow

LAKE ZURICH, ILL. — Marcus & Millichap has arranged the $4.1 million sale of a 58,955-square-foot industrial flex building in Lake Zurich, a northwest suburb of Chicago. Situated on Oakwood Road, the property is leased to 10 tenants. Peter Doughty of Marcus & Millichap marketed the building on behalf of the seller, a private investor. Anthony Catanese and James Ziegler of Marcus & Millichap secured and represented the buyer, a private investor completing a 1031 exchange. Frank Montalto and Dean Giannakopoulos of Marcus & Millichap Capital Corp. assisted the buyer in obtaining acquisition financing.

Continue Reading
FacebookTwitterLinkedinEmail
Leasing ActivityMichiganMidwestRetail

Big Lots Signs 31,896 SF Lease at Petoskey Town Center in Michigan

by Kristin Harlow

PETOSKEY, MICH. — Big Lots has signed a 31,896-square-foot lease at Petoskey Town Center near North Central Michigan College. U.S. Properties eeewGroup (USPG) owns the 174,870-square-foot shopping center. Big Lots will occupy a former Kmart location, filling over 37 percent of the building. Petoskey Town Center is home to Hobby Lobby, AAA, Grondin’s Hair Center and Petoskey Sewing Center. The town of Petoskey is situated about 65 miles northeast of Traverse City. Ohio-based USPG owns approximately 4 million square feet and redevelops shopping centers in 10 states across the Midwest and Southeast.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew YorkNortheast

Ariel Property Advisors Negotiates $4.3M Sale of Commercial Building in The Bronx

by Taylor Williams

NEW YORK CITY — Locally based brokerage firm Ariel Property Advisors has negotiated the $4.3 million sale of a 26,787-square-foot commercial building at 1414-1424 Cromwell Ave. in the Mount Eden neighborhood of The Bronx. The property is currently leased to a parking operator but is also zoned for warehouse use. Jason Gold, Michael Tortorici and Daniel Mahfar of Ariel Property Advisors brokered the deal. The buyer and seller were not disclosed.

Continue Reading
FacebookTwitterLinkedinEmail
AcquisitionsIndustrialNew JerseyNortheast

Kislak Arranges $3.9M Sale of 44,300 SF Industrial Property in Northern New Jersey

by Taylor Williams

WHITEHOUSE STATION, N.J. — Locally based brokerage firm Kislak Commercial Real Estate Services Inc. has arranged the $3.9 million sale of a 44,300-square-foot industrial property in the Northern New Jersey community of Whitehouse Station. Peter Wisniewski of Kislak represented the seller, Palumbo Realty LLC, in the transaction. Wisniewski also procured the buyer, 27 Ridge Road LLC

Continue Reading
FacebookTwitterLinkedinEmail
Newer Posts
Older Posts