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Two Medical Leases Totaling Nearly 27,000 SF Signed in Clifton
The largest transaction was the 21,895-square-foot lease extension with St. Joseph’s Hospital at the 68,000-square-foot office building. Dentistry for Children also recently signed a new lease for 5,050 square feet at the complex.
Kaufman Investments Acquires Midtown South Mixed-Use Property
Kaufman Investments has acquired 56 West 22nd St., a 66,190-square-foot boutique office and retail property in the Flatiron District for $48.5 million. Jones Lang LaSalle arranged the transaction for the 12-story property.
Service Properties Cuts $100M From Capital Program; Planned Hotel Sales Delayed Due to Coronavirus
In addition, the REIT states that several planned portfolio sales will likely be delayed until later this year or next year due to the lack of financing available for hotel transactions.
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