Manhattan
WeWork’s Neumann Stepping Down as CEO
Adam Neumann is stepping down as CEO of WeWork while remaining non-executive chairman, the company confirmed Tuesday. The news was… Read more
GFI Closes Deal in Bronx’s Westchester Square
GFI Realty Services arranged the $3-million sale of 2450 Fuller St., a 16-unit multifamily property in the Westchester Square section of the… Read more
Manhattan’s Flex Office Market: Number One and Growing
The flexible office space footprint in Manhattan has tripled to 15 million square feet over the past five years, as providers’ offerings have… Read more
CBRE Hotels’ Danko Will Oversee Institutional Sales
Industry veteran Ron Danko will undertake a new leadership role for CBRE Hotels, assuming overall responsibility for institutional investment sales… Read more
Uptown Apartment Vacancies Drop to Manhattan’s Lowest
Even as Manhattan apartment rents reached an 11-year high in August, vacancies climbed across Midtown’s East and West Sides. However,… Read more
Anbang Selling Hotel Portfolio to South Korean Investor for $5.8B+
China’s Anbang Insurance Group Co. agreed to divest a luxury hotel portfolio to Mirae Asset Global Investments for more than… Read more
Exact Capital Expands Executive Team
Exact Capital, a Midtown-based development firm active in Northern Manhattan and the Bronx, has expanded its executive team and moved… Read more
Ultra-Luxury Condo Values Drop in Manhattan as Supply Builds
The Western Hemisphere’s tallest residential condominium tower will be coming into an increasingly crowded marketplace for ultra-luxury product in Manhattan.… Read more
Downtown Office Gains Amid Soft Month for Manhattan Leasing
Manhattan office leasing declined in August by 68.2% from July and 30.8% year-over-year, Colliers International reported. However, somewhat offsetting the… Read more
Inwood Parcel Hits the Market with 144K-SF Potential
Development Site Advisors has been hired to sell 400 W. 219th St., an Inwood parcel that’s reportedly the largest development… Read more
$9B Plan to Close and Replace Rikers Island Goes to City Council
The City Planning Commission voted 9-3 Tuesday for a plan to build jails in Manhattan, the Bronx, Queens and Brooklyn that would… Read more
Landsea Makes Key Promotions in NYC Development
Landsea Homes promoted Kevin Murray and Thomas Parker to VP of development and director of construction, respectively, for the New… Read more
Manhattan’s Coca-Cola Building Trades for $907M
Nightingale Properties and Wafra Capital Partners have acquired the Coca-Cola Building in Manhattan’s Plaza District. The sales price was reported… Read more
JLL Brings Retail Quartet to Columbia-Owned Resi Building
JLL has signed four retail tenants on behalf of Columbia University at the base of 2901-2913 Broadway, a university-owned residential… Read more
Landlords Exposed to $40B in Rent Commitments from WeWork
If international co-working giant WeWork were to hit trouble, hundreds of landlords would be exposed to more than $47 billion… Read more
Lightbridge Academy Chooses Far West Side for First Manhattan Lease
Early childhood education center Lightbridge Academy has signed its first Manhattan lease, committing to 15 years and 11,491 square feet… Read more
Barclays Center Sells Along with Brooklyn Nets Franchise
Alibaba co-founder Joe Tsai is acquiring the Barclays Center arena in downtown Brooklyn for a reported $700 million. It’s separate… Read more
San Francisco Dominates Global Price Growth Rankings, Los Angeles No. 4
Two California markets claimed spots among the top four on Real Capital Analytics’ (RCA) global price growth rankings. North America… Read more
Next Generation Honoree: Brookfield’s Mark Kostic Combines Steadiness with Foresight
Running an eight-million-square-foot office and retail complex, along with an upcoming mixed-use development of comparable scale, calls for a steady… Read more