With a little help from Jersey, One World Trade Center declared tallest in U.S.
At 1,776 feet, New York's One World Trade Center is indeed the tallest building in the country, the Council on Tall Buildings and Urban Habitat announced today.
Prudential declares dividend
According to the announcement, the quarterly dividend of $0.53 per share of common Stock will be payable on December 19, 2013 to shareholders of record at the close of business on November 26, 2013.
NGKF selected to market 19-story Newark office tower
According to the announcement, NGKF can re-lease the building as a single- or multi-tenant property. Part of the four-tower Gateway complex, Three Gateway Center includes a cafeteria, fitness center, daycare center, conference center, parking and rooftop helipad. The office is adjoined via skyway to Newark Penn Station, which connects to neighboring New York Penn Station […]
Pierson Commercial hires David Zaro
According to the announcement, Zaro brings more than a decade of experience in the New Jersey commercial real estate market to the brokerage division of Pierson Commercial and will concentrate on the marketing and leasing of shopping centers, investment sales, land acquisition, development and tenant representation on behalf of the company’s clients throughout Central and […]
HFF secures 22M retail center financing
According to the announcement, HFF worked exclusively on behalf of Heitman and Ramco-Gershenson Properties Trust, to place the three-year loan with a national bank, at a floating interest rate of LIBOR plus 175 basis points.Chester Springs Shopping Center is located on more than 20 in downtown Chester. The center is 96.6 percent leased and is […]
Sotheby’s opens Saudi Arabia office
According to the announcement, the company will conduct business as First Regents Sotheby’s International Realty with Paul Aiken as managing broker. The office in Riyadh will serve the luxury residential real estate market throughout Riyadh, Jeddah, Dammam and Al Khobar.First Regents Sotheby’s International Realty is located at King Fahad Road, Tatweer Tower in Riyadh. The […]
Bloomfield is aiming to develop into urban hotbed
“You name the obstacles associated with the redevelopment process, and they existed on that site,” said Glenn Domenick, Bloomfield’s director of community development, naming environmental woes, an eminent domain dispute and a revolving door of developers and consultants over more than a decade. So it’s no small feat that the block is now home to […]
Vornado to sell 866 UN Plaza in Manhattan for 200M
News of the sale came out of the company’s Paramus office, where it has significant operations. According to the announcement, the sale, subject to customary closing conditions, will result in net proceeds of approximately $146 million, after repaying existing debt and closing costs. The financial statement gain will be approximately $128 million. The building is […]
UMH acquires 5 manufactured home communities for 11.8M
According to the announcement, the five all-age communities contain a total of 519 developed home sites that are situated on approximately 200 total acres. This portfolio consists of four communities located in Ohio and one community located in New York. The average occupancy for these communities is approximately 82 percent. The company now owns seventy-four […]
Wyndham completes 300M securitization, declares dividend
According to the announcement, company has completed a term securitization transaction involving the issuance of $300 million of asset-backed notes. Sierra Timeshare 2013-3 Receivables Funding LLC issued $231 million of A rated notes and $69 million of BBB rated notes. Sierra Timeshare 2013-3 Receivables Funding LLC is an indirect subsidiary of Wyndham Vacation Ownership.The company […]
Atlantic Club Casino files for bankruptcy
The resort filed voluntary petitions today in U.S. Bankruptcy Court in New Jersey, aiming to “facilitate(s) an expedited sale while the property continues to operate in the ordinary course of business,” according to a news release. The former Atlantic City Hilton has grabbed plenty of headlines over the past two years, going back to early […]
Terreno Realty acquires 7M industrial properties
According to the announcement, the property consists of two multi-tenant light industrial buildings containing approximately 105,000 square feet on 7.7 acres. The rear-load buildings at 60 and 70 West Ethel Road provide 19 dock-high doors and are 76 percent leased to nine tenants. 60 and 70 Ethel Rd W, Piscataway, NJ 08854