Northeast

The retail chain signed a 30-year lease with Blackstone for 21,000 square feet of space.

The non-profit criminal defense organization leases 34,000 SF in the Lower Manhattan office tower.

“The goal of our dedicated team of MHC originators and underwriters is very simple: deliver the best loan terms with VIP customer service,” says Chad Thomas Hagwood, Hunt Real Estate Capital MHC Production Head.

The move comes after Norges decided to scale back its real estate push and focus more on buying stakes in listed real estate companies.

“Landlords typically prefer to see demand before increasing rents and last year was a record year for demand,” says CBRE's George Cauffman.

“The buyer was in a 1031 exchange and paid full price for the asset, because they understood the value of the property and this location,” says Marcus & Millichap's Mark Taylor.

At the Regional Plan Association's Annual Assembly, Eric Garcetti's advice to New York was to be bold, fail forward and embrace capabilities.

The big retailer will add its high-tech delivery towers and grocery delivery service to nine more New Jersey stores, and grocery pickup at seven stores.