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May 25, 2015
 Office Lease Up (May25) North Shore-LIJ Takes 252,000 SF for 32 Years
North Shore-LIJ Health System, one of the largest integrated health systems in the U.S., signed a 32-year lease for 252,000 square feet in the North Hills building at 600 Community Dr. in Manhasset, NY. The four-story, 252,000-square-foot office building was constructed in 1984. The property is located on nine acres in the Western Nassau submarket, adjacent to The North Shore University Hospital. Waterstone Development Group acquired the building...
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May 22, 2015
 CoStar's People of Note (May 17 - 23)
It's time to update those contact managers with CoStar's People of Note, reporting news on significant new CRE hires and promotions. This week's issue includes the following markets: South Florida, Charlotte, Los Angeles, Orlando, Atlanta, New York City, and Northern New Jersey. SOUTH FLORIDA Nostrand Named CEO for NAI Miami By Esmeralda McKie Industry veteran Stephan Nostrand is relocating to NAI Miam
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May 21, 2015
 Alameda Station Walgreens Sells for $6.3M
An individual investor acquired the Walgreens located at 1600 Park St. in Alameda, CA for $6.262 million, or about $373 per square foot. The single-story building delivered in 2014 on 1.22 acres and features a drive-thru pharmacy. Andrew Bogardus of DTZ represented the seller, while Brandon Geraldo of Colliers International represented the buyer. Please see CoStar COMPS #3292816 for more information on this transaction.
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May 21, 2015
 Modera Apts. Sells for $7.4 Million
The Matteson Cos. sold the 40-unit Modera Apts. at 1704 Clayton Rd. in Concord, CA for $7.35 million, or approximately $184,000 per unit. Built in 1969, the three-story apartment building totals 28,845 square feet and consists of 23 one-bedroom and 17 two-bedroom units. Keith Manson of CBRE represented the seller. For more information, please see CoStar COMPS #3271610.
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May 17, 2015
 Office Lease Up (May 18) PayPal Signs 95,000-SF HQ Lease
PayPal has leased 95,000 square feet on a 12-year term at 95 Morton St. in New York City. The tech company and digital payments processer will more than double its space this summer when it relocates its corporate headquarters from 625 Avenue of the Americas in Chelsea, where it occupies 35,000 square feet along with eBay Inc. eBay and PayPal announced earlier they would sever ties, separating into two independent companies. 95 Morton is an eight...
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