News

L&L Holding Company and Normandy Real Estate Partners has gotten the green light from the New York City Landmarks Preservation Commission to embark on the restoration and revitalization of the historic Terminal Warehouse in West Chelsea.

Last year's activity marked a 2.5% increase from 2018 and was in fact the strongest leasing volume for the decade, according to Cushman & Wakefield.

The deal with building owner KBS will allow BNP Paribas to continue to fully occupy the first and third floors of Building D at the six-building, 630,000-square-foot complex.

Sax LLP will be moving from 855 Valley Road in Clifton to the Latitude property by this August. The firm also maintains an office in Pennington, NJ, as well as two locations in Manhattan at 551 Madison Ave. and 350 Fifth Ave.

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.