American Realty Capital New York Recovery REIT Inc.will acquire from SL Green Realty Corp. the fee simple interest in an institutional-quality office building at 333 West 34th Street in Midtown Manhattan.
TIAA-CREF and Henderson Global Investors have launched a new real estate investment management company, TIAA Henderson Global Real Estate. The combined total of real estate assets under management for TIAA-CREF and the new venture is $63 billion.
The GSA FBI Phoenix Division Office Building has been awarded LEED-NC Gold. In other sustainability news, Madox, Jersey City, N.J.’s first LEED Silver building, has leased nearly 70 percent of its luxury apartments. Mack-Cali Business Campus's 4 Gatehall Drive in Parsippany, N.J., has been LEED Silver certified. Riverbend District—an 80-acre, transit-oriented development in Harrison, N.J.—has received an award for smart growth. And over 150 people attended the ESCOT (Enabled Sustainable Community of Tomorrow) Sustainability Symposium in New York City on June 4th.
Johnson’s Capital’s Brent Lister and Eric Salveson, senior vice presidents in the firm’s Los Angeles office, have arranged a $19.5 million loan secured by a retail center in Lahaina, on the island of Maui, Hawaii.
Mike Eckerman, CEO of real estate asset management firm Novus Dia Financial, has launched NDF Capital Holdings, with the intent of educating and encouraging investors to explore the opportunities of real estate fixed income strategies.