Benenson Capital Partners and Waterman Interests LLC have closed on a new, 75-year master lease secured by 400 Park Ave., a class-A, 21-story office and retail building located at 54th Street and Park Avenue in Midtown’s Plaza District.
TriPointe Capital Partners has signed a lease to occupy 2,500 sq. ft. at 452 Fifth Ave., an 865,000-sq.-ft., class-A office tower in the Bryant Park neighborhood of Manhattan....More
NREI and Penton’s WealthManagement.com announced Dr. Raymond Torto, CBRE global chief economist, will be the lunchtime keynote speaker at the Commercial Real Estate/High Net Worth Investment Conference on Thursday, June 27....More
Tishman Speyer has tapped Cushman and Wakefield Inc. to serve as exclusive leasing agent for The Offices at MetroPark, a 907,000-sq.-ft., three-building complex on 34 acres in Iselin, N.J....More
Time Equities Inc. (TEI) has acquired 655 Fifth Ave. and 251 19th Street in Brooklyn’s South Park Slope neighborhood for a total price of $8.1 million....More
Cohen Commercial Properties (CCP) has acquired 1800 Williamsbridge Road, a 12,212-sq.-ft., two-tenant net-leased retail property in the Bronx for approximately $11.4 million....More
DaVita Inc., a dialysis and kidney care services provider, and Advanced Access Medical Care, a nephrology and hypertension specialist, have leased space at 1733 Eastchester Road, a freestanding medical office building located in the Bronx....More
There has been $30.3 billion in new CMBS issuance to date in 2013, according to Commercial Mortgage Alert. That puts the industry on pace to smash last year’s volume of $48.4 billion and will make 2013 the busiest year for CMBS issuance since 2007. Where do you think total CMBS issuance volume will end up in 2013?