News

Clarion Partners LLC secured a $684 million non-recourse senior mortgage, five-year, fixed-rate loan for the refinancing of CBM Two Hotels LP Portfolio, a portfolio consisting of 52 Courtyard by Marriott hotels.

Cushman & Wakefield is leading the marketing sale for 7 Cross Bronx Service Rd Extension, a 23,608-square-foot residential development site in the West Farms neighborhood of the Bronx.

The 824,000-square-foot complex traded for $180 million to an undisclosed buyer. Westinghouse signed a 15-year lease for the entire complex in 2017.

Cushman & Wakefield reports US Foods has signed a lease renewal for 275,000 square feet at 9399 W. Higgins Road, part of the Riverway office campus. The lease renewal includes an option for further expansion at Riverway.

New Jersey's office market recorded nearly 10 million square feet of positive absorption during the final seven years of the 2010s, Transwestern stated in its Fourth Quarter 2019 Office Market Report for New Jersey.

NJEDA managing director of business development Paul Ceppi said at the event staged on Jan. 17 that the transportation-logistics sector accounts for nearly 200,000 private sector jobs and $23 billion into the economy.

The eight-story office building at 2417 Third Ave. in Mott Haven sits along the waterfront and is slated to benefit from strong appreciation in the burgeoning market.

The luxury apartment community, located in Montgomery County, MD, will feature more than 15,000 square feet of amenity space.