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The law firm has signed a 12-year lease deal with building owner The S. Hekemian Group of Edgewood, NJ at the 52,000-square-foot mixed-use office and retail building.
The firm is set to begin construction on a 105,000 SF development atop a DC building; serving as the city's first commercial office property to utilize mass timber construction.
Cushman & Wakefield has hired Michael Movshovich, formerly of CBRE, as executive managing director to lead its new Alternative Investment Advisory Group in New York, a division managing leasing and operations for clients that include hedge funds and private equity firms.
In its fourth quarter 2019 industrial market report for New Jersey, Transwestern reports that the big box bubble is showing no sign of bursting as new construction continues to lease up quickly.
The building at 2000 Bishops Gate was constructed in 1988 and renovated in 2019. The Endurance-Thackeray Partners venture acquired the complex in 2017.
The real estate private equity firm acquired a 46.5 percent equity stake in a European logistics investment platform from Redefine Properties Limited, a real estate investment trust based in South Africa.
A new research and analytics firm is coming online in the New York City market. Hotel industry veteran Ryan Meliker is spearheading the launch of Lodging Analytics Research & Consulting as president and co-founder.