Deutsche Bank arm buys 212-222 Broadway for $502M

Source: The Real Deal A property-investment arm of Deutsche Asset and Wealth Management has acquired a 775,000-square-foot office building at 212-222 Broadway in Lower Manhattan for $502 million, according to property records filed with the city today. The 31-story Class A office property near Fulton Street features 30,000 square feet of retail. Just last year, [...]

CIP Real Estate Completes More Than $27.7 Million in Leases at Ontario’s Empire Towers in Six Months

Source: Market Watch CIP Real Estate, an Irvine, California-based real estate investment and management company, has completed leases totaling more than $27.7 million at Empire Towers, the premier office park in the Ontario Airport office market, in the first half of 2014. The tenant roster for the approximately 232,000 square feet of lease transactions consists [...]

Four New Leases and Renewals South of Times Square

Source: Commercial Observer Adams & Co. Real Estate inked two renewals and two new leases totaling 5,998 square feet at the terra cotta World’s Tower Building at 110 West 40th Street one block west of Bryant Park between Avenue of the Americas and Broadway, Commercial Observer has learned. The leases that range in length from [...]

Denver’s Forum Real Estate Group buys Alabama apartments for $40M

Source: The Business Journals Denver-based Forum Real Estate group has purchased a 400-unit apartment complex that received a “Beautification Award,” for $40.5 million. The complex, called Inverness Cliffs, is located in Birmingham, Alabama on 60 acres of forest land and is 97 percent occupied, according to a release. Read full story

Nonprofit Investor Signs Garment District Lease

Source: Commercial Observer Nonprofit seed investor Echoing Green will move its headquarters one block east under a 10-year, 9,750-square-foot lease for the 13th floor of S.I.K. Associates‘ building under the Kaufman Organization‘s portfolio at 462 Seventh Avenue between West 35th and 36th Streets in the Garment District, the Wall Street Journal reported this morning. The [...]