Office

NEW YORK CITY- SL Green Realty, one of the largest office landlords in Manhattan, has entered a 99-year ground lease of 126-132 Nassau Street, where…

The $165.5 million purchase price is a high number because Park Tower is one of the larger towers in downtown, but on a price per square basis, it was actually lower than the last class-A building sold, 400 Capital Mall.

The name change to Cascade Yard corresponds with the opening of The Yard, the project's new 3,700-square-foot amenity center with indoor/outdoor seating, fitness center, training/conference facilities and cafe.

Sheppard Mullin opened the Dallas office in 2018–the firm's 11th US location and 15th global–with 18 attorneys, and since then, the office has nearly doubled the number of attorneys at Chase Tower.

The deal for 302 West Third marks Time Equities' third acquisition in the Tri-State Region over the last two years. Other notable regional acquisitions include Brookside Industrial Park in Indianapolis and the Arbor at Montana Apartments in Cincinnati.

More than 35 responses to the RFQ were received in December 2019. The development opportunity marks the only time since 2004 that PIDC has offered exclusive development rights and the first time that mixed-use multifamily development will be allowed at the Navy Yard.