National Commercial Real Estate News From CoStar Group
Northwood Investors Acquires 100 Broadway in NYC
Northwood Investors, a privately-held global real estate investment firm, has acquired the office building at 100 Broadway in New York City from Madison Capital and Meadow Partners for a reported $150 million, which would equate to approximately $380 per square foot.
The 24-story, 393,335-square-foot historic tower was originally built in 1897 on one-third of an acre in the World Trade Center submarket of Lower Manhattan, at the southeast corner...
In The Pipeline: CoStar Development & Construction News for Aug. 18-25
Avalon Developers Closes $126.5M in Construction Financing
North American Properties - Atlanta, Ltd. (NAP), in a joint venture with Sarofim Realty Advisors, has closed on construction financing begun vertical construction on Avalon, a residential, office, hotel and retail project in Alpharetta, GA.
The venture landed $126.5 million in financing for the first phase of the project, including an $86.5 million syndicated senior loan by Wells Fargo...