Aspen Dental will occupy nearly half of the building with 197,000 square feet of office space and 8,000 square feet of retail space on West Fulton Market. Upon occupancy, the property will serve as Aspen Dental’s new national headquarters.
The market is vibrant, but will the continued loosening of underwriting standards, enticing more lenders into the market, put a damper on growth?
George Comfort & Sons, Inc.has completed a 15-year, 60,000-square-foot lease with Industrious at 135 West 50th St. in Midtown to premium workplace provider Industrious.
Acadia Realty Trust, a real estate investment trust specializing in the retail asset class, has been on a shopping spree for assets in the SoHo submarket, acquiring assets along the Greene Street corridor in a total aggregate of $100 million.
Commercial real estate stakeholders aren’t leaving data privacy and security to chance in 2020. Stakeholders across the industry are clamping down as it becomes a pressing challenge among connected buildings.
L3 Capital has secured a $90 million floating-rate loan to finance a retail portfolio comprised of 11 assets in Williamsburg, Brooklyn, totaling 85,000 square feet in a prime retail corridor.
KBS Real Estate Investment Trust II sold the complex to an unidentified private buyer. CBRE, which represented KBS in the transaction, identified the new owner as a private New York City-based investor backed by offshore capital.
These funds include foreign capital, which is targeting mainly office and industrial assets, says VEREIT’s Dan Lovitz.
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