News

New York-based real estate investment management firm Marx Realty has signed 184,000 square feet of new leases at 10 Grand Central since the announcement of the 36-story building's $48 million repositioning in mid-2018.

Thor Equities Group has acquired 95 Greene St., a 337,888-square-foot property in Jersey City, New Jersey featuring rental space for the life sciences sectors, according to Daniel Loughlin, JLL vice-chairman and who represented Thor Equities in the acquisition.

"Our lives are all changing in ways that were unimaginable just a week ago," New York City Mayor de Blasio stated.

It also pledged to buy some $700 billion in Treasury and mortgage bonds in response to fallout from the coronavirus.

In consideration of precautions taken to stem the spread of the coronavirus, a planned March 27 groundbreaking for the new Residence Hall was postponed, according to an update provided by Stockton University on Saturday.

The 15-year Freddie Mac loan secured on behalf of Chestnut Hill Realty features a 65% loan-to-value ratio and a 30-year amortization schedule.

IIP entered into a long-term, triple-net lease agreement with a subsidiary of Parallel, which intends to continue to operate the property as a regulated medical cannabis cultivation and processing facility.

Real estate services firm Cushman & Wakefield has appointed commercial real estate veteran Pay Wu as the New York Tri-State Regional Lead for Global Occupier Services.