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GREENWICH, CT-A panel of commercial real estate and finance experts agreed that the amount of investment capital in the market today far exceeds the amount of available commercial real estate for sale at the moment.
GREENWICH, CT-AQR Capital Management LLC plans to move out of its headquarters offices on 900 Third Ave in Manhattan by next spring and relocate to more than 21,000 sf of space at Two Greenwich Plaza here.
ALBANY, NY-New York State officials plan to sell a 165,000-sf building here for nearly $4 million to the Renaissance Corp., which hopes to establish the headquarters for The International Center for the Advancement of Nursing at the property.
GREENWICH, CT-The HB Nitkin Group has obtained $30 million in permanent financing for its Greenwich Financial Center office property. The deal, brokered by Holliday Fenoglio Fowler LP and securitized through Greenwich Capital, is for a 10-year term.
WHITE PLAINS, NY-Store officials said the Source at White Plains development will generate more than $9 million a year in local taxes and will create more than 700 jobs when completed.
PEEKSKILL, NY-Peekskill Mayor John Testa announced details of a nearly $8 million redevelopment plan that will involve the construction/rehab of a number of downtown properties into housing as well retail/art loft space.
NORWALK, CT-Officials with W&M Properties report that five years before its prior lease term was to expire, Nestle Holdings Inc., has renewed its 13,452-sf lease at the MerrittView office complex here.
MIDDLETOWN, NY-National Realty and Development has secured $66 million to repay construction debt at its redeveloped Orange Plaza complex, according to officials with David Cronheim Mortgage Corp., which brokered the deal.
HARTFORD, CT-In what was billed as the largest office building sale Downtown in the past 15 years, Harbor Group International has purchased State House Square, a 844,813-sf office complex here for $66 million.