Manhattan
Zoning Politics Poses Challenge to Macy’s Midtown Tower Plans
Macy’s Inc. faces what could be an uphill battle to develop a 1.5-million-square-foot office tower atop its venerable flagship store in… Read more
Northern Manhattan Sales Hit 7-Year Low
Northern Manhattan 2019 investment property sales activity saw light multifamily transaction volume, a relatively steady market for development site sales… Read more
NYCHA Strikes Privatization Deal on Nearly 6,000 Apartments
Development partners including L + M, the Hudson Companies and Douglaston Development have been selected to take over the management… Read more
NY State Okays Mt. Sinai’s $1B Plan for Lower Manhattan Campus
The New York state Public Health and Health Planning Council has approved Mount Sinai’s $1 billion plan to build a… Read more
Closings Begin at Hines’ 53 West 53 Condo Tower
Closings have begun at 53 West 53, the 1,050-foot-high residential condominium tower rising above The Museum of Modern Art (MoMA).… Read more
New York’s Office Sales Crown Slips in 2019
Although it’s generally regarded as the monarch of U.S. office markets, New York City’s crown slipped in 2019. The year’s… Read more
Drop in Manhattan Retail Rents Means More Leasing
The downward trend in Manhattan retail rents was a focal point of recent reports from both CBRE and NKF. CBRE… Read more
Law Firm Inks Early Renewal for 338K SF in Midtown Manhattan
Global law firm Shearman & Sterling signed a new, 20-year lease for 338,000 square feet at Boston Properties’ (BXP) 599… Read more
Fairway Files for Chapter 11, Seeks Sale of All Stores
Fairway Market entered into a stalking-horse asset purchase agreement for up to five Manhattan stores along with its Bronx distribution… Read more
Q4 Brings Strong Finish to Slower Year for Manhattan Investment Sales
Notwithstanding a strong fourth quarter, Manhattan investment failed to keep the momentum going from 2018 to 2019, Avison Young reported.… Read more
RCA: Despite “Tepid” End to 2019, CRE Decade Was “Fantastic”
Taking the long view, Real Capital Analytics’ Jim Costello calls the past 10 years “a fantastic decade for U.S. commercial… Read more
Northwestern Mutual Finds Larger Quarters at Brookfield’s 200 Liberty
Northwestern Mutual signed up for 91,217 square feet, spanning three floors, at Brookfield Properties’ 200 Liberty St. in Lower Manhattan.… Read more
Fairstead Completes Financing on 905 Affordable Units
Fairstead has completed the financing of a 905-unit portfolio of subsidized housing across nine properties totaling 49 buildings in New… Read more
Goulston & Storrs Adds Eagan as Director in RE Group
Mark Eagan has joined the New York office of law firm Goulston & Storrs as a director in the firm’s real estate group.… Read more
Law Firm Debevoise Takes 530K SF at Tishman Speyer’s Spiral
Debevoise & Plimpton LLP will relocate its firm’s headquarters to the Spiral, the 65-story office tower now under construction on… Read more
Judge Strikes Down City’s Inwood Rezoning
A Manhattan Supreme Court judge has struck down the city’s 2018 rezoning of a 59-block swath of Inwood in Northern… Read more
ABS Arranges 12-Asset Sale-Leaseback for Pay-O-Matic
ABS Partners Real Estate completed the $25.3-million sale-leaseback of 12 Pay-O-Matic (POM) locations located in Manhattan, Brooklyn, Queens and the… Read more
Manhattan’s Still the Champ for NYC Office Deals
Manhattan still reigns when it comes to major office sales in New York City, Metro Manhattan Office Space reported. Forty… Read more
CushWake Markets Corporate Housing Condos in Midtown
Cushman & Wakefield is marketing for sale a collection of 16 luxury residential condominiums at The Cassa, located at 70… Read more