New York
Chicago Ranks 3rd for Most Fortune 500 Companies
Chicago ranked third in Fortune’s 2024 edition of the 500 list, with 15 Chicago-area companies in this year’s ranking. It’s… Read more
Hospitality Company Accor Opens 23K-SF Midtown Office
Parisian hospitality company Accor has taken up 23,000 square feet at Michael Shvo’s 711 Fifth Avenue in Midtown. The building,… Read more
Law Firm Subleases 235K SF at 30 Hudson Yards
Warner Bros. Discovery is subleasing more of its space at 30 Hudson Yards, with law firm Covington & Burling signing… Read more
Consonance Capital to Move to Marx Realty’s 545 Madison
Healthcare investment platform Consonance Capital has leased 9,473 square feet at Marx Realty’s 545 Madison office building, recently co-branded with… Read more
Cushman & Wakefield Arranges $69M Refi for Jamaica Industrial Property
The KABR Group has secured a $69.1 million refinancing for 184-10/60 Jamaica Avenue, a 618,414-square-foot industrial property known as the… Read more
Safehold Closes on Ground Lease of Senior Affordable Project in Orange
Ground lease REIT Safehold, Inc. has closed on a ground lease to facilitate the ground-up development of The Orion, a… Read more
Bloomberg Philanthropies Pays RFR $560M for 980 Madison
Bloomberg Philanthropies, led by former NYC Mayor Michael Bloomberg, has acquired the Upper East Side property housing the Gagosian Gallery… Read more
NYC Sends 2nd Largest CMBS Office Loan in May to Special Servicing
In May, 16 CMBS office loans totaling $738 million entered special servicing, according to May Office Special Servicing Spotlight from… Read more
Azora Exan Buys Flatiron Hotel for $48M
Private real estate investor Premier Equities sold the 64-room Flatiron Hotel at 1149 Broadway to Azora Exan for $47.9 million,… Read more
Harlem Apartment Tower Secures $210M Construction Loan
Artimus, a New York City-based development firm, has secured $210 million in financing to construct a 490-unit, mixed-use apartment building… Read more
Ariel Arranges $12M Sale of Bronx Development Site
Ariel Property Advisors has closed the sale of a block-through development site at 1931 Lafayette Avenue in the Bronx, along… Read more
Columbia Property Trust Sells Tribeca Vacant Building for $100M
TPG, Cannon Hill, and Skylight have acquired 101 Franklin Street in Tribeca from Columbia Property Trust for $100 million, according… Read more
Room 11 Hospitality’s Event Concept Coming to Williamsburg
La Sirena Events d/b/a VESPER has signed a 15-year, 23,000-square-foot lease with Rubenstein Partners at 25 Kent, a mixed-use building… Read more
Downtown BK Hotel Sells for $35M
Northgate Real Estate Group has announced the sale of 291 Livingston Street, a mid-construction hotel in downtown Brooklyn, to Midas… Read more
NYCEDC Seeks Construction Manager for Kips Bay Life Science Campus
The New York City Economic Development Corporation (NYCEDC) on Wednesday announced a Request for Proposals (RFP) for a construction management… Read more
Lument Expands Capital Markets Team with New Hires
Lument has doubled the size of its real estate capital markets team, expanding the array of capital solutions it offers… Read more
Rainier Divests Grocery-Anchored Plymouth Center After Four-Year Hold
(Updated with additional information) Dallas-based Rainier Companies has sold Colony Place, a 393,566-square-foot, grocery-anchored regional shopping center in Plymouth, MA. The company… Read more