New York
Acadia Realty Trust Lands $33M for NoHo Loft Building
Acadia Realty Trust has secured $33 million in financing for 640 Broadway, a nine-story, pre-war loft building in Noho. Bridge… Read more
Manhattan Office Leasing: More Sublease Shrinkage in Q3
In Q3 2023, Manhattan commercial real estate leasing activity reached 4.2 million square feet, declining by 18% from Q2 2023… Read more
Wells Fargo Buys Neiman Marcus’s Hudson Yards Space for $550M
Wells Fargo has acquired Neiman Marcus’s vacant space at 20 Hudson Yards for $550 million, marking a significant development in… Read more
The Doe Fund to Build Transitional Housing Residence in Brooklyn
The Doe Fund is breaking ground on a new transitional housing residence at 510 Gates Avenue in Brooklyn. Situated next… Read more
MediaWill, Tony Park Buy Midtown Office Property for $37M
A Korean media company, MediaWill, in partnership with Tony Park, has acquired a 113,000-square-foot office building in Midtown Manhattan for… Read more
New Bronx Exhibit on City’s Subway System
Simone Development Companies is proud to present “First Stop Last Stop: The Bronx,” an exhibition by photographer Rita Nannini at… Read more
Brooklyn Kings Plaza Continues Transformation
Macerich is celebrating the success of its revitalized former Sears space at Kings Plaza, Brooklyn’s only enclosed mall. The newly… Read more
Joyland Management Lands $42M Refi for Staten Island Shopping Center
Joyland Management has landed $41.75 million to refinance South Shore Commons, a retail shopping center in Staten Island, New York. … Read more
Coworking Spaces Popping Up – Near College Campuses
Mention the words “coworking space locations,” and what comes to mind are employment centers or locations close to at-home entrepreneurs.… Read more
Miami Beach Awards Boucher Brothers Beach Front Operation
With a 4-3 vote, The Miami Beach City Commission narrowly approved a resolution that switched out concessionaires of a beachfront… Read more
Norway Forms JV With Boston Properties on Midtown Office Tower
Norway’s sovereign wealth fund, Norges Bank Investment Management, has acquired a 45% stake in a planned 900,000-square-foot office tower at… Read more
Canvas Worldwide Leases 18K SF at 75 Varick
Canvas Worldwide, a full-service media communications agency, is establishing its New York City headquarters at 75 Varick in Hudson Square.… Read more
Manhattan Office Recovery Outpaces Nation, Yet Lighter Foot Traffic Has Taken Toll
Amid the ongoing debate about remote work, occupiers are employing more intricate blends of carrots and sticks to lure workers back… Read more
Bipartisan Legislation Would Support CRE Loan Workouts
Bipartisan legislation (H.R. 5580) introduced in the House this week would reduce the tax burden on a borrower that can… Read more
Xin Development Faces Foreclosure on Midtown Condo
Xin Development Group International, the United States development arm of China’s Xinyuan Real Estate, is confronting foreclosure issues in Manhattan,… Read more
MakeInspires Opens First Makerspace in Upper East Side
MakeInspires, a provider of STEAM classes and programs for K-12 students and adults, has opened its first New York City… Read more
NYC Requests Proposals to Redevelop Kingsbridge Armory
New York City’s Kingsbridge Armory, a 570,000-square-foot site in the Bronx, is seeking a new developer. Proposals for its redevelopment… Read more
New Affordable Senior Housing Opens Near NYBG
New York State Homes and Community Renewal, along with New York City Department of Housing Preservation and Development, joined Douglaston… Read more