Deals & Dealmakers

AROUND TOWN

AROUND TOWN: EVENTS SEMINARS MEETINGS TALKS

TASC Spring Benefit May 27: TASC (The After-School Corporation), an education non-profit organization, will host a Spring Benefit from 6 to 8:00 p.m. at the Hippodrome, 1120 Avenue of the Americas. Proceeds will fund TASC’s mission to increase...

Photo Credit: William F. Yurasko

JLL completes BASF lease in NJ

JLL completed a new, direct lease for BASF Corp. at 33 Wood Avenue South in Iselin, N.J., with Metro Park Associates LLC. The chemical company inked a long-term lease for 59,375 square feet at the Class A, 137,400-square-foot office building. BASF...

MIT (Photo Cred: Andrew Hitchcock)

HCN to sell $573M life science portfolio

Health Care REIT, Inc. has entered into an agreement to sell its 49 percent interest in seven life science buildings located at Massachusetts Institute of Technology’s University Park, a mixed-use life science campus, in Cambridge, MA. Forest City...

Tee up for March of Dimes

The March of Dimes New Jersey Chapter will honor Ed Russo, chief executive officer of Russo Development, at the organization’s 2015 Real Estate Award Reception, being held this year at the United States Golf Association (USGA) headquarters in Far...

NAREIT applauds introduction of Jobs Act

The National Association of Real Estate Investment Trusts (NAREIT) applauded the introduction in the U.S. House of Representatives of the Real Estate Investment and Jobs Act of 2015, which would reform elements of the Foreign Investment in Real...

Griffin buys AmEx campus

Griffin Capital Corporation announced, on behalf of Griffin Capital Essential Asset REIT II, Inc. the closing of a 300,000 s/f, three-story, data center building and 213,361 s/f, four-story office building in Phoenix, Arizona. The property is leased...

REIT returns lose ground in April

REIT returns lost ground in April as broader macroeconomic factors exerted pressure throughout the sector. The total returns of the FTSE/NAREIT All REIT Index slipped 4.7 percent in April, while the S&P 500 Index gained 1.0 percent. The yield on the...

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