Former Warehouse in Chelsea Sells for $900 Million A joint venture of L&L Holding Co. and Normandy Real Estate Partners has agreed to pay about $900 million for a storied, former freight warehouse in Manhattan’s Chelsea neighborhood, tripling the property’s valuation from four years ago and
Metropolitan Realty and TH Real Estate Sell LIC Warehouse for $72M A partnership of Metropolitan Realty Associates (MRA) and TH Real Estate have sold a Long Island City warehouse for $72 million almost two years after they bought it, Commercial Observer has learned
Mill Buildings in Waterville Sold and Slated for Development North River Company bought the two northernmost Lockwood Mills buildings and plans to redevelop them with commercial and retail on the first two floors and apartments on upper floors. (CLICK FOR ARTICLE)
Maquette Signs LIC Warehouse Lease for Fine Art Storage and Logistics The Tribeca-based Maquette, a logistics firm that provides fine arts storage and handling services, signed a lease with North River Company for warehouse space in Long Island City. Maquette will occupy
North River Seeks to Plan for What’s Next at 31st Street Studios Strip District property owner hires Perkins Eastman for planning strategy
North River Co. Named CMGC 2019 Developer of the Year Central Maine Growth Council is proud to present its annual Developer of the Year award to North River Company, owner of the Lockwood Mill complex in downtown Waterville
College's Invest So 'What's the Town Like?' Gets an Upbeat Answer "The overall downtown revitalization strategy is the result of many months of planning sessions involving college officials and local leaders. That 'united front' among city stakeholders, along with the substantial institutional investment, is attracting
Downtown Waterville businesses awarded grants to update building facades Ten businesses in downtown Waterville have been chosen as the grantees for the Central Maine Growth Council’s Facade and Building Improvement Grant Program. (CLICK FOR ARTICLE)
Maquette Doubles Space at Matsil Building in Long Island City Ten-year lease brings logistics company to nearly 100,000 square feet (CLICK FOR ARTICLE)
Art Logistics Firm Expands to 150,000 s/f at Matsil Building North River Company (NRC) announced that art logistics company, Maquette Fine Art Services, has expanded its space at The Matsil Building in Long Island City to 150,910 s/f, bringing the building to 100 percent occupancy. (CLICK
Lexington Office-Lab Development Sold to North River Co. A Lexington property that’s being redeveloped as 345,000 square feet of office and lab space has been acquired by New York developer North River Co. for $38.7 million. (CLICK FOR ARTICLE)
Wheelock Buys Inner Belt Labs and Development Site In a $160 million recapitalization, Greenwich, Connecticut real estate firm joined the ownership of 200 Inner Belt Road, which includes an office-lab-biomanufacturing building and 400,000 square feet of by-right-approved future development. (CLICK FOR ARTICLE)
Climate Change Hub Planned for Historic Governors Island Schoolhouse A historic schoolhouse on Governors Island could soon become a linchpin of the city’s effort to combat climate change. Buttermilk Labs, a partnership of multiple real estate and consulting companies, will take over Building 301 on the
Real Estate Partnership Chosen For Governors Island Climate Hub Buttermilk Labs includes real estate firm North River Company, developer BJH Advisors and climate consulting firm Barretto Bay Strategies. The partnership won the $15.4 million project through an RFP process and is signing a 55-year ground lease
NYC-based developer looks to spend more than $20 million to renovate former Lockwood Mill in Waterville A project expected to cost more than $20 million to transform about half the former Lockwood Mill at 6 Water St. into residential and commercial space could begin next year,
New Lab Building Could Be Pioneer in Brickbottom Growth Somerville’s Brickbottom is joining the ranks of local neighborhoods shedding their industrial pasts to accommodate life science expansion, spurring redevelopment of a former warehouse property as a new 200,000-square-foot lab complex. (CLICK FOR ARTICLE)
Brickbottom Primed for Wave of Development North River Leerink added to its Somerville portfolio in recent years with three acquisitions next to the MBTA’s Green Line Extension tracks, including 100 Chestnut and the 86 Joy St. property, which contains 52 artist studios. The parcels have potential
Square Mile Capital Lends $193M to Build Boston-Area Life Sciences Development North River Leerink has secured $192.5 million in construction financing for a life sciences development in Somerville, Mass., Commercial Observer can first report. An affiliate of Square Mile Capital Management provided the loan
Construction could begin soon on $30 million Waterville mill housing project after financing green light North River Co. is awaiting word from MaineHousing before launching construction to turn about half of the northernmost Lockwood-Duchess mill building at 6 Water St. into residential and commercial space. (CLICK
Brickbottom Lab Project Gets First Tenant Ultragenyx will occupy 42,580 square feet at 100 Chestnut, a speculative 208,600-square-foot office-lab building that is scheduled for completion in mid-2023. Developer North River Leerink received a $192.5 million construction loan from Square Mile Capital in June for the project.
'An exciting opportunity': Pittsburgh Planning Commission approves 31st Street Studios remake It’s a wrap. Pittsburgh Planning Commission members cleared the way Tuesday for a massive redevelopment of the 31st Street Studios in the Strip District, one that eventually would phase out the soundstages that have spawned
The long-awaited Green Valley Ranch Costco has an official opening date Remember the proposed Costco that was set to open in Green Valley Ranch on GVR Boulevard between Memphis Street and Peña Boulevard? Well, it’s finally opening. The wholesale retail store will open July 19 at
Fast-growing Form Energy leases big chunk of Somerville building Somerville-based battery maker Form Energy has leased nearly 100,000 square-feet in an East Somerville building to accommodate its fast-growing operations, with plans to find a single headquarters in the city a few years from now. The company
Housing project at former Waterville mill moves forward after developer secures financing North River Co. plans to transform the former Lockwood Mill at 6 Water St. into 65 affordable apartments and some commercial space as part of the $40 million project. (CLICK FOR ARTICLE)
Spotlight on the new Ultragenyx Somerville, Mass. facility Ultragenyx is “doing cutting-edge work with gene therapies for rare diseases. It will save the lives of people, including children, whose families had nearly given up hope. The work done here will reduce suffering and bring joy back