Manhattan
40 Exchange Place Garners $100M Refi
GFP Real Estate and Northwind Group have closed on $100 million in refinancing for 40 Exchange Place, a 20-story, 300,000-square-foot… Read more
Peloton Joining Manhattan West Tenant Roster with Flagship Studio
Indoor-cycling leader Peloton will build a 35,000-square-foot flagship location at Brookfield’s Manhattan West development. Expected to open in fall 2019,… Read more
Flex Office Space is Manhattan’s Growth Leader
Notwithstanding transactions such as Convene’s 93,000-square-foot deal at Brookfield’s One Liberty Plaza, flexible space represents just 2.5% of Manhattan office… Read more
18 Retail Deals Vie for REBNY Honors
The Real Estate Board of New York has announced the 18 finalists for its annual Retail Deal of the Year… Read more
Chicago’s CBD is Poised for Greater Density
Chicago lands at about the midpoint in CommercialCafe’s ranking of the top 25 cities for infill potential. With 16.8 acres… Read more
Bronx Leads in Volume Metric Gains for Apartment Sales
Connect Apartments is coming up on June 26th in Los Angeles. Here’s a link to find out more about the… Read more
Upper Manhattan Empowerment Zone Picks New CEO from the Ranks
The Upper Manhattan Empowerment Zone will be led by a longtime mainstay of the organization, effective July 1. Blair M.… Read more
Cash-flowing Yorkville Multifamily Fetches $9.3M
A Cushman & Wakefield team has arranged the sale of a five-story apartment building at 309 E 92nd St. to… Read more
Fifth Ave. Retail Rents Up, But Most Corridors Down Y-O-Y
Manhattan’s highest-priced retail corridor, upper Fifth Avenue between 49th and 59th streets, enjoyed a healthy 17% year-over-year increase in ground-floor… Read more
Locating Late Stage Hold Assets Key for CRE Investors
Investors trying to place capital today are often faced with a common dilemma: where’s the available real estate stock? There’s… Read more
Pembrook Closes on 1st Mortgage for Yorkville Resi Development
Pembrook Capital Management has closed on a $32.75-million first mortgage loan to finance a condominium project within a carefully-restored Beaux… Read more
Sales of Houses, Condos in Double-Digit Drops Citywide
New York City residential sales, including both one-to-three-bedroom family homes and condominiums/co-ops, have seen three consecutive quarters of year-over-year declines,… Read more
NW Queens Apartment Rents Take a Hit as Concessions Hit New High
Thanks to rising landlord concessions, northwest Queens’ median net effective apartment rents slipped by 11.7% for the 12 months that… Read more
Prebuilts Drive Flurry of Leases at RFR’s 17 State
RFR Realty’s 17 State St. in Lower Manhattan has seen no fewer than five new leases in the past few… Read more
Knotel Commits to 23K SF in NoMad Lease
Workspace provider Knotel has signed on for seven years at Savanna’s 31 W. 27th St., taking 23,000 square feet at… Read more
Community College Expands to Nearly 40% of 255 Greenwich
The Borough of Manhattan Community College is expanding its presence at Jack Resnick & Sons’ 255 Greenwich St. in Lower… Read more
Bronx Apartment Sales Power Up in Q1
The multifamily sales numbers posted for Manhattan and Brooklyn led the rankings in Ariel Property Advisors’ first-quarter roundup, and Northern… Read more
CBD Office Landlords’ Rent Gains Tapering
Office occupiers in Chicago’s CBD showed continued willingness in 2017 to pay record rent for quality space, according to Savills… Read more
Beth Rosen Joining Ripco After 16 Years at RKF
Beth Rosen is joining the Manhattan office of Ripco Real Estate as an EVP after 16-plus years with RKF, effective… Read more