Real Capital Solutions, in partnership with Lamar Cos., acquired 30 Montgomery St., a 16-story, Class A office tower in Jersey City, New Jersey, from American Realty Advisors and Wells Fargo. The sale price was not disclosed.
NAI James E. Hanson has been named the exclusive leasing agent for a proposed 166,624-square-foot Class A warehouse and distribution center at 65 Route 46 in Montville, New Jersey.
A troubled Rhode Island mall that came under the national spotlight when it was featured in a Netflix documentary is slated to be sold for roughly $133 million. The film, which premiered on the streaming service earlier this year, chronicles a group of artists that lived at the property in secret for several years.
The war in Iran has pushed oil and gas prices higher, driving cost increases across multiple sectors. Recent consumer price index data show that airlines have been directly affected by rising jet fuel costs that have evidently been passed on to travelers. In March, airfares were more than 14% higher than a year earlier.
E-commerce giant Amazon has already surpassed UPS and FedEx as the nation’s biggest parcel carrier. Now, the company is opening its delivery network of warehouses to all businesses instead of just its own orders to compete head-to-head with the shipping giants.
Parkview Properties NY acquired a 24-unit multifamily building at 73 Starr St. in Brooklyn's Bushwick neighborhood from a private investor for $13.1 million, or $545,833 per unit.
A major cold storage developer and investor out of New Jersey is adding to its holdings with the purchase of a facility in Columbus, Ohio, home to one of the world's largest pet food companies.
Great States Development acquired The Copham, a 120-unit apartment building at 607 N. Washington Ave. in Minneapolis from Greco for $37.6 million, or $313,333 per unit.
South Florida’s Related Group and BH Group are moving forward with another luxury condominium project after securing backing from Tyko Capital for Icon Beach Waterfront Residences in Hollywood, Florida.
Crow Holdings acquired Main Street Marketplace, a two-building retail center at 12555 and 12525 Ulysses St. NE in Blaine, Minnesota, from NexGen Properties for $5,875,000, or $313 per square foot.
The six-story affordable housing complex splashed in pink and green that opened at Santa Monica Boulevard and Vermont Avenue in Los Angeles is more than just another recent project. It marks a new chapter for the city's most contentious housing policy.
International clothing company Primark plans to open new stores in the Washington, D.C., area as it continues extending its reach across the United States.
A Chicago-area investor intends to scoop up a 23-story vintage office building in the Loop business district at what may be a significant discount to the value of the loan, more than two years after the owner was hit with a foreclosure suit.
The University of Minnesota bought Historic Fire Station 19, a three-story retail property at 2001 University Ave. SE in Minneapolis, from Station 19 Architects for $8 million, or $508 per square foot, in an all-cash deal.
Northstar Properties bought Graham Place-St. Paul, a 121-unit senior living apartment building at 1745 Graham Ave. in St. Paul, Minnesota, from Stonebridge Communities for $17,101,000, or $141,331 per unit.
Officials with RLJ Lodging Trust pointed to strength in leisure and business travel to urban markets as the reason they outperformed the broader hotel industry in the first quarter, bringing in revenue per available room growth of 4.8% to start the year.
Inkas Group of Companies, a specialized Canadian manufacturer of armoured vehicles, expanded its operations in Toronto with the acquisition of 355 Garyray Dr., a 40,455-square-foot, single-tenant manufacturing facility property located near its facility at 440 Garyray Dr. and a short distance from the company's primary headquarters at 3605 Weston Road in Toronto's North York area.
Global wireless network infrastructure firm Andrew plans to relocate and expand its North Texas headquarters in Richardson and spend millions of dollars in the endeavor with the help of local incentives.
Global Net Lease, an investment firm specializing in industrial properties, agreed to acquire a similar, albeit smaller, company for $535 million as demand rises for warehouse, logistics and similar properties across the United States.
