Manhattan
Macy’s Beats Expectations with Q4 Results
Macy’s, Inc. on Tuesday reported its first quarterly profit in a year as fourth-quarter performance exceeded expectations. However, for the… Read more
AREAA Manhattan Installs 2021 Board of Directors
The Asian Real Estate Association of America Manhattan Chapter recently installed its 2021 Board of Directors. The installation ceremony was… Read more
JLL Promotes Gilda Perez-Alvarado to Global CEO for Hotels
Gilda Perez-Alvarado has been promoted to global CEO of JLL’s Hotels & Hospitality Group, succeeding Mark Wynne-Smith, who will continue… Read more
Vornado, Trump Organization May Part Ways
His second impeachment trial behind him, former President Donald Trump is facing a threat to his real estate empire’s single… Read more
KPFF Spearheads Adaptive Reuse Projects
KPFF Consulting Engineers has recently spearheaded three adaptive reuse projects, transforming old building structures in both Manhattan and the Bronx.… Read more
Ariel Arranges Financings in Manhattan, Boroughs
Ariel Property Advisors closed out 2020 and began 2021 with a series of financings across the U.S., including deals in… Read more
Brooklyn Fare Expands Manhattan Footprint with UWS Lease
Grocery store Brooklyn Fare has moved uptown with a 25-year lease for 21,660 square feet at the Brodsky Organization’s 75… Read more
Cresa’s Sabesan Arranges Renewals for LIM College
Cresa managing principal Peter Sabesan arranged renewal leases for approximately 90,000 square feet at two separate Midtown locations for LIM College, a private college focused on the fashion… Read more
NYC Finances Nearly 30K Affordable Units in 2020
Mayor Bill de Blasio joined the New York City Department of Housing Preservation and Development (HPD) and the New York… Read more
Milstein Properties Supports Concert Series on Upper West Side
Milstein Properties is supporting Kaufman Music Center’s recently unveiled “Musical Storefronts” series, which provides local musicians an opportunity to publicly showcase… Read more
Hudson River Park Trust Seeks Contractors for Manhattan’s First Public Beach
The Hudson River Park Trust has issued three RFPs for the construction of the 5.5-acre Gansevoort Peninsula, which will provide… Read more
Cadre Expands Pool of Individual Investors with New Fund
Cadre, a technology-driven real estate investment platform headquartered in Lower Manhattan, has launched the Cadre Direct Access Fund. The new… Read more
Condé Nast Mulls Dividing Space Between Downtown and NJ
Condé Nast, whose one-million-square-foot commitment to One World Trade Center symbolized the post-9/11 resurgence of Lower Manhattan, is exploring taking office… Read more
Sam Zell Expects Rebound for Office, Hospitality and Big-City Multifamily
Chicago’s own Sam Zell sees the future of certain commercial property sectors clouded by possible oversupply, but not so much… Read more
Dual-Tenant Berwyn Retail Trades in 1031 Deal
Marcus & Millichap completed the sale of a 7-Eleven | Starbucks retail property in Berwyn, IL. The asset sold for $5,400,000, or $1,058.82 per… Read more
Queens Withstands 2020’s Steep Drop in Investment Sales
The Queens investment sales market experienced a slow year in 2020, due largely to the COVID-19 pandemic, Ariel Property Advisors… Read more
Renewals Grow Share of 2020’s Biggest Office Leases
Renewals claimed a significantly bigger portion of the largest 100 U.S. office leases in 2020, according to a new report from CBRE. Their… Read more
Design Firms Relocate to Brooklyn Navy Yard
The Brooklyn Navy Yard Development Corporation (BNYDC) signed leases with two design and manufacturing companies at the newly renovated Building… Read more
Williams Equities Completes 350K SF of Leases in Pandemic
Amid a pandemic that curtailed the leasing market in 2020, Williams Equities nonetheless completed more than 350,000 square feet of office and… Read more