Northeast

The investment management firm signed a 20-year lease at Tishman Speyer's 65-story office tower where CoStar records pricey asking rents.

“Once clients understand the math and the process, sale leasebacks are something they jump at,” said one expert at GlobeSt.com's 17th Annual Net Lease Event.

“Investors responded very favorably to this offering, given the lack of multi-housing opportunities on the waterfront and the building's high-quality construction,” HFF's Cruz states.

The power is shifting towards employees and how and where they want to work.

The initial fundraising goal was $300-$350 million.

The 158,463-square-foot grocery-anchored shopping center in Broward County is located approximately 12 miles southwest of Downtown Fort Lauderdale and was 99% leased at the time of sale.

Terra Capital has provided Miami-based alternative investment management firm CGI Merchant Group with a $57-million bridge loan to facilitate the recapitalization of the mixed-use property and what the ownership terms as a “ramp up” of a newly flagged hotel at the property.

“Supporting small businesses that create good jobs for residents is a critical component of Governor Murphy's plan to invest in communities,” says NJEDA chief executive officer Tim Sullivan.