News

NXT Capital arranged the financing for the 248,000-square foot office building.

Multiple published reports state the sale price for the property was $614 million, making the deal the largest sale price recorded for an office asset year-to-date in Boston's Central Business District.

The Philadelphia-based real estate investment advisory firm, also notes that it has begun capital improvements involving both interior and exterior upgrades at the nearly 467,000-square-foot property.

The CREFC-led group wants the Fed to extend its recently-announced Term Asset-Backed Security Loan Facility to include agency and private-label CMBS.

CEO Mark Hoplamazian and Chairman of the Board Tom Pritzker are forgoing 100% of their salaries, and Hyatt's senior leadership team is taking a salary cut of 50% through the end of May.

The deal brings the 120,000-square-foot industrial building in Bergen County to full occupancy, according to commercial brokerage firm NAI James E. Hanson.

The sale comes as a result of the company's recent relocation to a nearby shopping center at 300 White Horse Road in Voorhees, NJ, also facilitated by Vantage RES.

An affiliate of Public Storage has purchased a portfolio of three Class-A self-storage properties with a total of 3,596 units in the greater New York City and Boston areas. Jones Lang LaSalle arranged the transaction.