News

The firm, currently headquartered at 2905 Northwest Blvd in Plymouth, MN, states that it will begin renovating the Crest Ridge building in early 2020. Its preliminary plan calls for Dominium to occupy approximately half of the 120,000 square foot building.

For the full year, the net-lease REIT has closed about $870 million in investments.

The properties sold include retail stores, a distribution facility and office space. Bed Bath & Beyond will continue to occupy these properties pursuant to long-term leases.

The proposed properties include the renovation of 10 Quincy Street into condominiums, and also a ground-up apartment building development at 26 Quincy St.

The brokerage firm reports that the fundamentals of the Northern New Jersey are poised to continue to improve steadily entering 2020.

The sporting goods retailer will house its logistics and distribution operations in 312,373 square feet of space at the newly built 569,147-square-foot facility, reports CBRE, which was a broker in the transaction.

Levin Management Corp. and Rosemark Management, Inc. have secured a $200 million loan for the property once home to the Paramount Theater.

New York City-based Fundamental Advisors has reportedly sold its 75% stake in the 53-story property at 55 E. Pearson St. to LCS of Des Moines, IA and Senior Care Development of Harrison, NY.