Tag : JLL

Syndicator helps finance office acqusition
Banking and Finance

Syndicator helps finance office acqusition

REW
by REW2476
Feldman Equities and its joint venture partners, Tower Realty Partners and Equity Street announced the acquisition of Sarasota City Center, two Class A office buildings located at 1819 Main St in downtown Sarasota. The buildings total 247,947 s/f and are connected by a common atrium. Equity Street, a real estate...
BOMA celebrates its 2020 Pinnacle winners
FeaturedProperty Managers

BOMA celebrates its 2020 Pinnacle winners

Linda O'Flanagan
by Linda O'Flanagan6890
There were no losers at last night’s BOMA-NY Pinnacle Awards as the organization’s chairman Hani Salama paid tribute to all of the men and women who help make New York City’s skyline remarkable. “It is a privilege to recognize the most distinguished and creative leaders and innovators shaping our city,”...
Debt & Equity

Investor secures $17M for Clinton Hill rental renovation

REW
by REW2386
The FREO Group has secured a $17.4 million loan to finance its acquisition and renovation of 79 Clifton Place in Brooklyn’s Clinton Hill neighborhood. The six-story on-time knitting factory was converted to housing in 2000. FREO Group plans to upgrade the 52,375 s/f 40-unit property as it continues to expand...
JLL helping Californians charge up electric plan
Deals & DealmakersGreen Building

JLL helping Californians charge up electric plan

REW
by REW1734
California’s largest workers comp fund has launched a major engery program designed by brokerage giant JLL and French multinational electric company, ENGIE. State Compensation Insurance Fund will build solar photovoltaic (PV) panels, energy storage systems, and electric vehicle (EV) charging stations across seven different State Fund locations throughout California. ENGIE...
Deals & DealmakersLeases

Asset managers relocating to 48,000 s/f at Boston Properties’ 399 Park Avenue

REW
by REW5040
JLL has completed a new transaction for Lexington Partners LP at 399 Park Avenue, which is owned by Boston Properties Inc. Lexington Partners, one of the largest independent managers of secondary and co-investment funds, signed a lease for 48,000 s/f at the Class A, 1.7 million-square-foot office building. The tenant...
Software giant Celonis takes floor at 1 WTC
Leases

Software giant Celonis takes floor at 1 WTC

REW
by REW4968
The Durst Organization and The Port Authority of New York and New Jersey today announced that Celonis, Inc. has signed a seven-and-a-half-year lease for 34,328s/f on the entire 87th floor of One World Trade Center. Celonis is moving their U.S. headquarters downtown from 119 West 40th Street. “One World Trade...
Cash-rich techies grabbing all the trophy space
Leases

Cash-rich techies grabbing all the trophy space

Sabina Mollot
by Sabina Mollot3434
60 percent of all leases for trophy Manhattan space signed by TAMI firms; co-working brings up the rear