From left: Andrew Scandalios, Jose Cruz and the Juliana

The 128-unit Hoboken, N.J. multifamily property known as the Juliana has traded hands for $67 million, according to a release issued by HFF, which represented the seller. Boston-based investment firm AEW Capital Management purchased the development from the Milestone Group and Dallas-based Invesco, on behalf of one of the firm’s funds, known as AEW Core Property Trust. [more]

Greg Kraus

From the February issue: Institutional investors have long coveted New York real estate, but as with most aspects of life in the city, the rules here are different. Prices are generally higher and deals move quickly, making it difficult for newcomers to break into the market. But some outside real estate firms have cracked the code. Just ask Invesco Real Estate. Two years ago, the Dallas-based investment firm had effectively no presence in New York City. Since then, however, Invesco has been involved in a dozen deals here worth about $2 billion. And it is planning to transact deals worth up to $1.5 billion this year. [more]

From left: Haim Chera and 1466 Broadway

Walton Street Capital sold to Invesco its majority stake in the 50,000-square-foot retail condominium at 1466 Broadway in Times Square for upwards of $100 million, Crain’s reported. As a result of the deal, Invesco will now be among the three owners of the space, which is valued at $200 million. Crown Acquisitions and Highgate Holdings are the space’s other stakeholders. Adam Spies and Doug Harmon helped arrange the deal. [more]

Stonehenge’s Ofer Yardeni and the Brill Building

Dallas-based real estate giant Invesco is preparing to bring an historic Times Square office building to market, The Real Deal has learned.

The international investment management firm’s real estate arm will likely put the property known as the Brill Building, at 1619 Broadway, on the market early next year, sources said. The 11-story building, on the corner of West 49th Street, totals 177,000 square feet and is best known for its musical history; the building served as the Tin Pan Alley home of famed music publishers, record companies, artists and artists’ managers for decades beginning in the 1930s. It became known as a hit factory, producing songs by artists such as Paul Simon. [more]

From left: 111 Kent Avenue, 75 Clinton Street and 175 Kent Avenue

Investors have been scooping up rental buildings in Brooklyn at record prices, but the trend could be reaching its inflection point, according to the New York Times. The strict lending standards are continuing to force many would-be buyers into the rental market and rents are ticking ever higher as a result. Rents in Brooklyn increased 10 percent in 2010, 7 percent last year and are expected to rise another 5 percent to 10 percent over the next 18 months, according to TerraCRG. [more]

75 Clinton Street in Brooklyn (credit: Brownstoner)

The apartment building at 75 Clinton Street, in Brooklyn Heights, between Montague and Remsen streets, was bought for $50.8 million, Brownstoner reported.

The purchase, by Dallas-based Invesco and first reported by Crain’s in January, just hit public records. Invesco has opted turn the 74-unit condominium building into rentals, which will go for between $2,800 and $7,000 a month, as previously reported. And they are making the transition swiftly; the rentals should come to market this month.  [more]

From left: CBRE vice chairmen Darcy Stacom (top) and Bill Shanahan, 33 Maiden Lane and Federal Reserve Bank of New York Chairman Lee Bollinger

The Federal Reserve Bank of New York exercised its right to buy the downtown office building it occupies for $207.5 million, according to CBRE Group, which marketed the building. The 27-stoy 600,000-square-foot property at 33 Maiden Lane, between Nassau and William streets, was put on the market by Atlanta-based Invesco and Hannover Leasing in October.

While the Fed’s occupancy of three-quarters of the building lent it stability, the lease also mitigated the building’s upside, according to published reports, because it was signed in 1986 and guarantees a below-market rate through 2023. [more]

From left: 230 Park Avenue and Steven Soutendijk, senior director at Cushman & Wakefield

A large ground-floor and mezzanine retail space at 230 Park Avenue, the building just to the north of Grand Central Terminal, is available for rent.

The prime 10,000 square feet of real estate is now being marketed as restaurant space, the marketing materials for the space from Monday Properties, the building operator, said. Previously, the southwest corner of the massive tower was the Jean-Claude Biguine salon, which closed in September. That space has now been combined with three others, which had been a Sushi Express, a Fedex and a Scottrade, to create the resultant block of 10,000 available square feet, according to the marketing materials. While Monday Properties intended to combine the spaces, the tenants “agreeably vacated,” and weren’t kicked out, a source said. [more]

Clockwise from top left: ANM Group President Moses Gross, 100 Luquer Street and David Behin, principal of MNSANM Group has pulled its Carroll Gardens condominium from the sales market in hopes of selling it to an investor seeking to capitalize on Brooklyn’s booming rental market, according to the Wall Street Journal.

The Karl Fischer-designed 11-story, 20-unit building took years to build thanks to financial difficulty and community opposition that ultimately forced a reduction in height. The homes finally hit the market with MNS brokerage in October, with asking prices starting at $599,000. This week the listings were pulled…. [more]

Atlanta-based investment fund Invesco has put the office tower at 33 Maiden Lane on the sales market, Crain’s reported, but thanks to a unique tenant the building’s sales price will likely be compromised.

Three-fourths of the 625,000-square-foot tower is leased by the ultra-credit-worthy Federal Reserve Bank of New York. But the bank rented the space in 1986 in an agreement that runs through 2023, guaranteeing it will be paying below market rate for another dozen years.
… [more]