Category Archives: New York

NY REIT Buys Fully-Occupied Indianapolis Office Complex from Eli Lilly for $79.1M

American Realty Capital Trust IV, Inc. has completed its due diligence review and acquired the fee simple interest in an office complex in Indianapolis, IN for $79.1 million. The company…

National Holdings Corp to Move NYC HQ, Reduce Space in Boca Raton

National Holdings Corporation has negotiated two leases over the past two months, agreeing to move its headquarters in New York City and reduce its space in Boca Raton, FL. In…

Boston Properties JV Has Binding Contract to Sell 125 West 55th St for $470M

A joint venture that is 60 percent owned by Boston Properties has executed a binding contract to sell its 125 West 55th Street property in New York City for a…

Rego Park in Queens May Get 250,000 SF Residential Development

Alexander’s, Inc., a real estate investment trust managed by New York-based Vornado Realty Trust, is evaluating plans to construct an apartment tower above its Rego Park II shopping center in…

Hines Agrees to Pay $218M for Tishman Speyer Asset in Los Angeles

A subsidiary of Houston-based Hines Global REIT, Inc. has gone under contract on the Campus at Playa Vista, a four-building office complex in Los Angeles, CA, for $218 million, exclusive…

United Realty Trust Contractually Bound on $22.25M Tilden House Acquisition

United Realty Trust Inc has become contractually bound to close on an agreement with Tilden LLC to acquire a fee simple interest in Tilden House, a property located at 2520…

Morgans Hotel Group Updates on Mondrian SoHo Foreclosure Proceedings

As TheRealDeal.com reported in January, Deutsche Bank has filed suit against a joint venture between Sochin Downtown Realty and Morgans Hotel Group to foreclose on loans backed by the Mondrian…

NY-based NorthStar Loans $91M Against CA Assets

A subsidiary of New York-based NorthStar Real Estate Income Trust, Inc. has originated senior loan for $91 million secured by a 23-building, 727,679 square foot industrial business park in Santa…