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Brookfield Properties has leased 87,000-square-feet to international energy company National Grid at 2 Hanson Place, Downtown Brooklyn. The 15-year lease includes the 11th and 12th floors of the 14-story Class A building.
With the exception of retail, the UCLA/Allen Matkins survey for each market predicts 2022 will be as good as or better than 2019, with panelists optimistic about industrial and multifamily projects, and neutral about office product.
The single-tenant net-lease asset investor was an all-cash Southern California-based 1031-exchange buyer that owns several At Home locations as well as other commercial real estate in the Spokane trade area.
While the timeline and specific details have not been disclosed, the renovations will include updates to the lobby, major improvements to the amenity areas and exterior renovations.
The New York Botanical Garden has partnered with Douglas Development to construct a two-building, 450-unit affordable housing development for seniors and families.