New York
Small-Building Pipeline Surges, Yet NYC Multifamily Development Lags
New York City saw 728 new building filings in the fourth quarter of 2023, a 48% increase over the historical… Read more
Lenders to Borrowers: We Need a Good Story
In this third of a four-part series on capital and commercial real estate, Connect CRE reached out to experts to… Read more
DRA Exceeds Target with $2.3B Value-Add Fund
New York City-based DRA Advisors has raised $2.28 billion in its latest flagship fund series, DRA Growth & Income Fund XI, exceeding its… Read more
NYC Ranks 3rd Most Expensive MSA for Open Workspaces
Albany, NY, and Santa Maria, CA, boast the highest median rates for open workspaces at $250/month at the end of Q4 of… Read more
Hanover Street Capital Inks Full-Floor Lease in Midtown
Empire State Realty Trust has finalized a lease agreement with Hanover Street Capital, a commercial real estate platform serving Deutsche… Read more
Movcap Acquires UWS Building for $5M
Lawrence Movtady’s Movcap investment company has acquired a six-story walk-up building on the Upper West Side for $5.25 million. Located… Read more
Ron Moelis Elected Chairman of NYC Housing Partnership
Ron Moelis, chairman and co-founder of L+M Development Partners LLC, has been elected Chairman of the Board of Directors of… Read more
JLL Closes 35K-SF Lease at Midtown Boutique
JLL has leased 35,500 square feet of office space at 1330 Avenue of the Americas, a boutique Midtown tower recently… Read more
Irvine Company Ends 2023 with 91% Occupancy at Office Portfolio
Irvine Company notched another strong year of activity in 2023, leasing 9.5 million square feet of premium office space to more… Read more
Creative Ad Agency Moon Rabbit Relocates to SoHo
Moon Rabbit, a NYC-based creative advertising agency, has announced the leasing of 6,604 square feet on the 12th floor of… Read more
UWS MF Property Sold for $6M
A five-story multi-housing property in Upper West Side has been sold for $6.175 million. Located at 216 West 78th St… Read more
BOMA New York Announces New Chair
BOMA New York announces Patrick J. Dolan, RPA, as its new Chair, bringing experience as senior property manager at The… Read more
Casa Komos Inks 10K-SF Downtown Lease
The Feil Organization finalizes a 10-year lease with Casa Komos Brand Group, securing 10,268 square feet across the second and… Read more
North Shore University Hospital Completes $560M Surgical Tower
North Shore University Hospital (NSUH) has completed the $560 Petrocelli Surgical Pavilion in Manhasset, expanding capabilities for cardiac, neurosurgery and transplant… Read more
Skanska to Construct LGA’s Jet Fuel Transmission Systems
Skanska has secured a contract from LGAFUEL LLC for the $113 million construction of LaGuardia Airport’s fuel transmission systems in… Read more
citizenM Receiving Guests in Austin
citizenM, a chain that says its properties offer affordable luxury hotels, opened its first Austin-based property – citizenM Austin Downtown. Developed… Read more
NYC Industrial Sales Up 28% in 2nd Half ‘23
In the second half of 2023, the New York City industrial sales market saw 42 transactions totaling $583 million, according… Read more
Chelsea Development Site Sold for $16M
Ariel Property Advisors (Ariel) has sold a development site at 250 West 30th Street in Chelsea for $15.9 million. The… Read more