New York

MTB AMG is using the funding to relocate the company's headquarters and 160 jobs from Brooklyn to Newark.

"We applied our proven value add capital program in full force to reintroduce River North Park to the Chicago market," says Lela Cirjakovic, executive vice president of operations at Waterton.

The new division, ThorLogis, led the firm to acquire its first European industrial property in the Netherlands.

At a press conference in Secaucus, federal and state officials, as well as representatives from Amtrak, NJ Transit and the Gateway Development Corp. sponsor of the Hudson Gateway Tunnel program, stressed the need for the replacement of the 108-year-old moveable Portal Bridge, which has been estimated to cost $1.6 billion.

The 178,200-square-foot Class A property was sold by Westbrook Partners of New York City. Hines is headquartered in Houston, while Oaktree Capital maintains its headquarters in Los Angeles. Westbrook acquired the property in late 2017 for $72 million.

The deal announced today calls for Hudson's Bay Co. to receive $ $75 million in cash upon the transaction's closing and a secured promissory note for $25 million payable in cash after two years.