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NEW YORK CITY—After a slow start that saw the Manhattan office market post a negative 2.3 million square feet of absorption in January, the borough's office sector has rebounded with three straight months of positive absorption, according to a report released today by brokerage firm DTZ.
RICHMOND, VA—Further details have emerged on a six-business park portfolio sale reported on recently by Globest.com, including the fact that Baker Properties of White Plains, NY is the new owner of the nearly 823,000 square feet of commercial space in the region and that BNY Mellon of New York City provided $38 million in the $60.3-million transaction.
NEW YORK CITY—The Real Estate Board of New York has announced that 16 candidates will compete for its Retail Deal of the Year Awards, which will be handed out next month.
BOSTON—The 20-story 315 on A rental apartment high-rise here has been sold to Equity Residential of Chicago. The 202-unit property, which opened a year-and-a-half ago, was sold by Gerding Edlen of Portland, OR.
LAUREL, MD—Aquilent, a communications provider for the federal government, is undertaking an expansion of its corporate headquarters campus here that when completed will facilitate a more than doubling of its workforce.
CAMBRIDGE, MA—Forest City Enterprises, Inc. has announced that it has agreed to acquire the remaining 49% interest in the University Park at MIT life science complex here.
GREAT NECK, NY—The Ranger Direct Lending Fund, an affiliate of Ranger Capital Group that recently completed a $200-million public offering, is investing $30 million on real estate properties in New York State.