Manhattan
TriBeCa is NYC’s Most Expensive Neighborhood
TriBeCa is now the priciest neighborhood in New York, according to data firm PropertyShark. The median sale price of a… Read more
CBRE Arranges $107M for Two Riverfront Buy
CBRE Capital Markets’ Debt & Structured Finance team arranged for $107.3 million in financing on behalf of Kuwait-based KFH Capital… Read more
AFIAA Closes on its Largest U.S. Deal
AFIAA Foundation for International Real Estate, headquartered in Switzerland, closed on its largest U.S. acquisition so far. Specifically, the buyer… Read more
Nike Runs to 70K-SF Fifth Avenue Space
Nike Inc. struck a deal with SL Green Realty Corp. and developer Jeff Sutton to take down 69,214-square-feet-plus at 650… Read more
WeWork Expanding to 100K SF at Tower 57
Seven months after signing its lease at Tower 57 in Midtown Manhattan, WeWork expanded by another 40,000 square feet, taking… Read more
Landmarks Protected in East Midtown
Eleven iconic buildings in Manhattan’s East Midtown are officially landmarks as part of the city’s strategy to upgrade the district.… Read more
Trump Place Residents to Brand: No Thanks
Though President-Elect Donald Trump might have won the hearts and minds of voters in the heartland, residents at the Trump… Read more
Paramount Completes $850M Financing on 1301 Avenue of the Americas
Manhattan-based Paramount Group Inc. closed on $850 million in financing for its 1.8 million-square-foot 1301 Avenue of the Americas. The Class… Read more
Self-Storage Developer Pays $26M for Commercial Condos
Self-storage property developer Madison Development acquired an entire retail component at the base of residential condominiums at 262-272 Mott St.… Read more
Opal Holdings Secures $52M for East Village Development
Opal Holdings obtained a $52 million first mortgage loan to buy a development site in Manhattan’s East Village. The loan… Read more
Consortium Closes on $243M Aéropostale Acquisition
Authentic Brands Group (ABG), General Growth Properties (GGP) and Simon Property Group (SPG) have closed on the acquisition of apparel… Read more
City Approves Site Plan for $1B NY Development
The city of Glen Cove, NY signed off on a site plan for the first phase of Garvies Point, a… Read more
Penguin Random House Stays Put, Signs 603K-SF Lease Extension
Penguin Random House inked a long-term deal with landlord SL Green Realty Corp. to stay at its current location at… Read more
McSam Spends $155M on Manhattan Hotels
McSam Hotel Group paid $155 million to Rockwood Capital for ownership rights of two Club Quarters hotels in Midtown Manhattan.… Read more
Qatar Invests $622M in Empire State Realty Trust
An affiliate of Qatar Investment Authority (QIA) acquired a 9.9% interest in Manhattan-based Empire State Realty Trust Inc. (ESRT) The… Read more
Brooklyn Jehovah’s Witness HQ Sells for $300M
CIM Group, Kushner Cos. and LIVWRK banded together to acquire the 739,000-square-foot Brooklyn headquarters of the Jehovah’s Witnesses. Watchtower Real… Read more
Is the High-End Market Condo Market Slowing?
The high-end condo market, once a hot one in and around Manhattan, is showing signs of a slowdown. Prices for… Read more
Hudson Yards Developers Obtain $1.2B Loan for MXU Tower
Partner developers Related Cos. and Oxford Properties Group secured $1.2 billion in financing from Children’s Investment Fund to build a… Read more