Manhattan
CBRE Global Investors Hires Lead for Commercial Operator Division
CBRE Global Investors has hired Sondra Wenger, a 25-year industry veteran, to serve as the firm’s head of Americas Commercial Operator Division.… Read more
Marcus & Millichap Names Matricaria and Parker COOs of West and East Divisions
Richard Matricaria and J.D. Parker have been promoted to COO Western Division and COO Eastern Division, respectively, at Marcus &… Read more
BOMA Hosts Multi-Market Panel on Tenant Re-Entry
On June 15, the same day that Los Angeles fully lifted its COVID-19 pandemic restrictions on public gatherings, BOMA Greater… Read more
Horizon Group Launches Sales at LES Library Branch Turned Condos
The Horizon Group has launched sales at The Library, an 11-unit residential conversion with a contemporary glass addition at 61… Read more
Ariel Closes $49M in Financings Across Four Boroughs
Ariel Property Advisors’ Capital Services Division recently closed $48.8 million in financing for a diversified range of properties and portfolios, from… Read more
Trend Toward Short-Term Manhattan Lease Renewals is Losing Steam
The pandemic brought about a 46% increase of short-term renewals in the Manhattan office leasing market, CBRE reported. However, a… Read more
Kairos Teams with National Apartment Landlords on Points for Renters
Lower Manhattan-based Kairos has forged partnerships with leading real estate owners to launch Bilt Rewards, reportedly the first rewards program that allows renters to earn… Read more
MetaProp Closes Proptech Seed Fund at $100M
MetaProp, the New York-based proptech venture capital firm, has closed its latest real estate technology seed fund. The oversubscribed $100-million MetaProp Ventures III,… Read more
Jeffrey Feil Gift Supports Weill Cornell Plans for Student Residence Hall
Weill Cornell Medicine has launched a $1.5-billion fundraising campaign, its largest to date, with more than $750 million already raised. Among the contributions… Read more
SKW, Bain Capital Launch Second JV Targeting Debt
SKW Funding and Bain Capital Credit LP have formed their second joint venture, which will target special situation loan originations… Read more
Survey: 62% of Manhattan Office Employees Expected Back by September
Employer expectations of how quickly office workers will return to Manhattan have jumped 37% since vaccination rates have risen, the… Read more
Manhattan Office Leasing Posts 56% Monthly Gain
Midtown was the only one of Manhattan’s three office submarkets to register a year-over-year decline in leasing volume during May,… Read more
$11B East Side Access Project Reaches Completion
Civil construction has been completed on East Side Access, the Metropolitan Transportation Authority’s $11-billion megaproject connecting the Long Island Rail… Read more
Alfred Scales Up Residential Platform with HOM Acquisition
Building management platform Alfred acquired amenities provider HOM in an all -equity transaction. Both Alfred and HOM were founded in… Read more
Boutique Greenpoint Rentals Lease Up in Less Than Four Weeks
Caspi Development said The West in Greenpoint, Brooklyn has been fully leased after less than four weeks on the market. The 22-unit boutique apartment… Read more
HSBC Will Exit Mass Market Banking Business in U.S.
HSBC Holdings, with U.S. headquarters in Manhattan, will exit its U.S. domestic mass market retail banking business to focus on… Read more
Clothing Store Signs Leases on Staten Island and in Manhattan
CBRE recently completed two new retail leases for Patterns & Dots, a clothing store specializing in affordable women’s clothing. The… Read more
CBRE: NYC’s Film Production Industry Poised for Strong Regional Growth
The film production industry, which originated in the New York City Tri-State area, is flourishing and poised for strong regional growth, CBRE… Read more
JLL Closes $117M Sale of Bronx Warehouse to CenterPoint
JLL arranged the $116.5-million sale of a 145,144-square-foot, Class A urban logistics center at 1080 Leggett Ave. in the Bronx… Read more