Rockville, Md. — Rockville-based Federal Realty Investment Trust has acquired the 70 percent interest owned by affiliates of a discretionary fund advised by ING Clarion Partners in a joint venture that owns six shopping centers.
New York City — Colliers International has arranged a 99-year ground lease on behalf of the Benider Co. at 136-62 Roosevelt Ave. in the Flushing neighborhood of Queens in New York City.
New York City — Kinsey Capital has arranged the sale of a retail property located at 730 Lexington Ave. in Manhattan’s Midtown East neighborhood.
Middleton, N.Y. — Kimco Realty Corp. has sold Galleria at Crystal Run, an 80,000-square-foot retail power center located at 1100-1300 N. Galleria Drive in Middletown, for $12 million.
New York City — New York City Economic Development Corp. (NYCEDC) and Bedford Courts LLC, a joint venture between BFC Partners and Slate Property Group, have unveiled plans for a 500,000-square-foot mixed-use development at the Bedford Union Armory in Brooklyn’s Crown Heights neighborhood.
New York City — Eastern Consolidated has arranged the sale of a mixed-use building located at 157 E. 55th St. in New York’s Midtown East district.
New York City — Related Cos. and Oxford Properties Group have received more than $5 billion in financing for an office tower and retail components within its Hudson Yards development in New York.
New York City — H&M is set to open its first location in Lower Manhattan at Westfield World Trade Center.
New York City — Eastern Consolidated has arranged the sale of a block-front development site located at 286-298 and 300-306 Wythe Ave. in the Williamsburg section of Brooklyn.
White Plains, N.Y. — LCOR has broken ground on 55 Bank Street, a $250 million 760,000-square-foot mixed-use development located in White Plains.