Manhattan
Q1 Offers “Mixed Bag” for Manhattan Office As Rents Hit New Highs
Despite an uptick of 10 basis points in availabilities, Manhattan’s office market had a good first quarter, according to preliminary… Read more
Congestion Pricing: How It Plays Out is TBD
The inclusion of congestion pricing in the fiscal 2020 New York State budget is “a historic moment for our state,”… Read more
New State Budget Enacts Congestion Pricing, High-End Transfer Tax
(This article has been updated with new information) Gov. Andrew Cuomo and state legislative leaders reached an agreement Sunday on… Read more
SL Green JV Trades 521 Fifth for $381M
A joint venture of SL Green Realty Corp. and an institutional investment partner has agreed to sell 521 Fifth Ave.… Read more
Lightstone Books $155M Refi for Moxy Chelsea
Lightstone has closed on $155 million in financing from LoanCore Capital and KSL Capital Partners for Moxy Chelsea, a 349-key Marriott… Read more
Not-for-Profit Investment Sales Outpace Citywide Gains
Citywide, not-for-profit and public sector leasing and investment activity last year was off 6% from 2017 levels, Cushman & Wakefield’s… Read more
Williamsburg Mid-Rise Lands Nearly $20M Financing
Berkadia has arranged $19.6 million in financing for 240 Meeker, a mid-rise condominium development in Brooklyn’s Williamsburg neighborhood. Stewart Campbell… Read more
Lawmakers Ready to Act on Congestion Pricing for Manhattan
Congestion pricing for Manhattan, first proposed decades ago, may finally become reality. State Assembly Speaker Carl Heastie told reporters that… Read more
Convene Coming to Brookfield Place’s Retail Courtyard
Brookfield is swapping Saks Fifth Avenue for Convene. The owner-developer and the flexible office space provider have forged a partnership… Read more
Top Broker Honoree: Andrew Goldberg
Andrew Goldberg, a 25-year industry veteran, was the first-ever retail broker to be named vice-chairman in the history of CBRE.… Read more
Top Broker Honorees: Darcy Stacom and William Shanahan
The CBRE duo of Darcy Stacom and William Shanahan was responsible for approximately $6.4 billion of investment sales transactions, primarily… Read more
Catering Firm Great Performances Will Relocate to Mott Haven
Great Performances, the largest woman-owned catering and food service company in New York City, will relocate from Manhattan to the… Read more
Ammann’s Condo Sales Plan Declared Effective
BRGDM, the development marketing division of Bohemia Realty Group, has gotten the go-ahead from the New York State Attorney General’s… Read more
Manhattan’s 6 Big Office Projects Already 49% Pre-leased
As a measure of the drawing power of new construction in the Manhattan office market, consider that the six major… Read more
CRE Firms Go Toe to Toe with a Prized Tenant: WeWork
WeWork and other shared-space providers have presented commercial real estate’s major players—from landlords to service firms—with both a boon and… Read more
Buying Far Outweighs Building in Manhattan
For sheer dollar volume, Manhattan led all U.S. markets in total capital commitments with greater than $50 billion last year,… Read more
Compound Launches Cityfund with 49% Stake in Downtown Apartments
Compound Asset Management has launched an investment product, Cityfund, with a quartet of downtown residential properties as its first acquisition.… Read more
Dorilton Capital Quadruples Space at Rudin’s 32 Sixth
Private investment firm Dorilton Capital Management is quadrupling its office presence at the Rudin Family’s 32 Ave. of the Americas. The… Read more
PCCP Provides $152M to Recap Brooklyn’s Pioneer Building
PCCP LLC has provided a $152-million senior loan for the recapitalization and lease-up of 41 Flatbush Ave. in Downtown Brooklyn.… Read more