Nordstrom plans to open a new Nordstrom Rack in Manalapan Township, New Jersey, in spring 2025. The 26,000-square-foot store, located in Manalapan Commons, will offer customers up to 70 percent off on-trend apparel, accessories, beauty, home, and shoes. “We look forward to being a part of the Manalapan Township community and serving our customers …
The Alberta Investment Management Corporation (AIMCo) has expanded its global presence with a new office in New York, bringing its total to seven offices worldwide. This move, including offices in Edmonton, Calgary, Toronto, London, Luxembourg, and Singapore, aims to enhance AIMCo’s investment capabilities, particularly in growing its private credit portfolio. “Our physical presence in …
Rooftop Hospitality Group LLC, known for the 230 Fifth Avenue Rooftop Bar, has signed a 20-year lease for 15,000 square feet with GFP Real Estate to create a new rooftop restaurant and lounge on the roof of 520 Eighth Ave. in the Garment District. Expected to open in early 2025, the new rooftop restaurant and …
Dwight Mortgage Trust, the REIT affiliate of Dwight Capital, has provided $75.2 million in bridge financing for 210 Clarkson, a newly constructed luxury mixed-use apartment complex in Brooklyn, NY. The property, completed in 2023, includes 115 market-rate units, 50 affordable units, and approximately 19,500 square feet of ground-floor retail space. The loan proceeds were …
BDP Holdings LLC and JLL are launching The Iris, a new 130,000-square-foot office development in Montclair, NJ. Located at 641 Bloomfield Ave., The Iris will feature 124,000 square feet of office space across three floors, along with 8,000 square feet of ground-floor retail and mezzanine space, and parking for 277 vehicles. Designed by Gensler, …
Hines has appointed Paul Ferraro as head of its global private wealth solutions strategy. In his new role, Ferraro will contribute to product strategy, drive global distribution, and build relationships within the private wealth management sector. Formerly the global head of private wealth at Carlyle, Ferraro grew the firm’s private wealth capital to over $50 …
