Manhattan
Drake Real Estate Exceeds $350M Target with Fourth Fund
Drake Real Estate Partners, a real estate investment and asset manager headquartered in Midtown Manhattan, closed its fourth flagship fund, Drake Real Estate… Read more
Touro College Will Establish New Campus at 3 Times Square
Touro College and University System, one of the nation’s leading nonprofit institutions of higher and professional education under Jewish auspices,… Read more
Manhattan Office Posts Best Quarter in Two Years
Manhattan office leasing finished 2021 strong, according to fourth-quarter reports from Newmark and Colliers. Newmark said the Q4 total was 29.8% above… Read more
Empire State Development Rescinds RFP for Parcel Near Javits Center
Empire State Development has rescinded its request for proposals to develop Site K near the Jacob J. Javits Convention Center,… Read more
Madison International Appoints 18-Year Company Veteran as CIO
Madison International Realty has appointed Carey Flaherty as CIO, overseeing the firm‘s Americas, UK and European investment activities. Flaherty, who joined Madison in 2003 and was named co-CIO in 2017, will continue to be based in Madison’s headquarters in Midtown Manhattan. “Carey has been with Madison for 18 years, has grown with the firm and continues to build… Read more
Fetner Properties Closes on Upper West Side Mixed-Use
Fetner Properties closed on 270 W. 96th St., a 23-story mixed use building, which will bring a total of 171 market-rate and affordable apartments… Read more
Cove/Baupost Partnership Trades Hudson Commons for $1B-Plus
Cove Property Group and The Baupost Group have sold the redeveloped 441 Ninth Ave. in Midtown Manhattan, now known as Hudson Commons,… Read more
Blackstone Near Deal for One Manhattan West Stake: Reports
Blackstone is close to taking a 49% stake in Brookfield Asset Management’s One Manhattan West in a deal that would value the 70-story… Read more
JLL Names Kevin Davis Americas CEO for Hotels & Hospitality
Senior managing director Kevin M. Davis has been named Americas CEO of JLL’s Hotels & Hospitality division. Manhattan-based Davis, who leads JLL’s Hotel Investment… Read more
Asset Manager Compass Group Inks Plaza District Lease
Colliers secured an 11-year lease for Compass Group, one of the leading independent Latin American asset managers, at 590 Madison Ave. Managing director David… Read more
NYC Lab Space Demand Has “Exploded”
Demand for new life sciences lab space has ramped up quickly amid an uptick in speculative construction in New York… Read more
Murray Hill Apartment Towers Under Contract for $850M
In one of New York’s largest residential deals since the beginning of the pandemic, JDS Development Group and Baupost Group… Read more
Sunrise Opens Midtown Senior Living Project with Hines and Welltower
Sunrise Senior Living has opened Sunrise at East 56th in Midtown Manhattan, developed in partnership with Welltower and Hines. A 151-unit luxury lifestyle community on East 56th… Read more
Bristol Net-Leased Industrial Property Exchanges Ownership for $5M
Marcus & Millichap has brokered the sale of Metal Finishing Technologies, a 69,494-square-foot net-leased property located in Bristol, CT, for just over $5 million. Laurie Ann Drinkwater and… Read more
HSBC Building at 452 Fifth Ave. Set for New Ownership
Israel’s Property and Building Corp has agreed to sell the HSBC Tower building at 452 Fifth Ave. in Midtown Manhattan for $855 million… Read more
SL Green Sells 25% Stake in One Madison, Inks Major Expansion with Bloomberg
SL Green Realty Corp. had a busy day on Monday, announcing three sales across Manhattan with a combined value of nearly $420 million while also executing a headquarters expansion with Bloomberg LP. In the… Read more
Stephen B. Jacobs Group Renews at Longtime Flatiron District Home
Manhattan-based architectural and interior design firm Stephen B. Jacobs Group, PC has completed a three-year, 14,000 square-foot lease renewal at ATCO… Read more
Manhattan Ranks Third Nationally for Office Market Recovery
Manhattan ranked third among the nation’s 12 largest cities for office market recovery in October with multiple measures of demand for space… Read more
Digital Currency Group Relocating Headquarters from Manhattan to Stamford
Rubenstein Partners and George Comfort & Sons completed a 91,000-square-foot lease with Digital Currency Group at Shippan Landing, an office complex at 290 Harbor Dr. in… Read more