New York
Gov. Hochul Launches $650M Housing Growth Program
Governor Kathy Hochul has introduced the Pro-Housing Communities Program, a statewide initiative aimed at prioritizing localities committed to housing growth… Read more
Carl Hansen & Son Inks New Lease in Hammacher Schlemmer Building
Carl Hansen & Son, a Danish furniture company with a 115-year history, has leased 9,063 square feet of space at… Read more
Unppg Management Buys Westchester MF Complex for $14M
Unppg Management, a New York-based private owner-operator of multifamily and healthcare properties, has acquired an 82-unit rental property in Croton-On-Hudson,… Read more
767 3rd Ave Completes $53M Renovation
Sage, formerly known as Sage Realty Corporation and The William Kaufman Organization, has unveiled the newly redesigned ground-level experience at… Read more
The “Urban Doom Loop:” A Possible Economic Threat?
High inflation and continued talk of a pending downturn continue to impact commercial real estate – and not positively. In… Read more
Examining the COVID-19 Population Migration
According to an August 2022 report issued by Brookings, “domestic out-migration . . . exerted an outsized demographic impact on… Read more
Trump Financial District Building Downgraded
The package of loans associated with 40 Wall Street, a property owned by Donald Trump, has been downgraded by Fitch… Read more
Capstone Equities Takes Over BK Whale Building
New York’s Capstone Equities has taken control of the Whale Building in Sunset Park after securing the debt on the… Read more
New-Build Harlem Apartments Sold for $19M
A 48-unit apartment property located at 2130 Adam Clayton Powell Jr Boulevard in Harlem was sold for $18.8 million. The… Read more
MediSys Buys Jamaica Office Property
In an acquisition exceeding $10 million, New York-based healthcare provider MediSys Health Network purchased a new 20,865 square feet, four-story… Read more
Big Apple Still Leads Coworking Scene
Manhattan remains at the forefront of the coworking scene, boasting 305 coworking spaces, indicating a 5% growth in Q2. According… Read more
Suffolk Appoints Aeran Doron VP of Operations, NY
Construction company Suffolk has appointed Aeran Doron as vice president of operations. In his role, Doron will lead his team… Read more
Bayport Funding Provides $4M for Queens Mixed-Use Development
Bayport Funding has provided a $4 million acquisition and construction loan to facilitate the development of a four-story mixed-use building… Read more
Long Island Industrial Landscape Remains Resilient in Q2
The latest Long Island Construction Report from Cushman & Wakefield reveals a flourishing development pipeline in the region’s industrial market, reflecting the… Read more
Cutting Edge Production Studio Planned for Pier 94
Vornado Realty Trust, Hudson Pacific Properties, and Blackstone, in partnership with the City of New York and New York City… Read more
BGO Rolls Out Network of Prebuilt Offices Across U.S. Portfolio
Global real estate investment management advisor BGO said Tuesday it had launched MIRO (Move-in Ready Offices) to provide small- and… Read more
Qatar Investment Authority Buys Park Lane Hotel for $623M
The Qatar Investment Authority (QIA) has acquired Park Lane Hotel in Midtown for approximately $623 million, as reported by Crain’s New… Read more
MCR/MORSE Development to Reopen the Gramercy Park Hotel
MCR/MORSE Development, the country’s third-largest hotel owner-operator, has acquired the Gramercy Park Hotel in Downtown. MORSE Development plans to restore… Read more
New Toys and Collectibles Store to Open in Times Square
Tamashii Nations, the Japanese collectibles brand under Bandai Namco’s umbrella, has signed a 1,324-square-foot retail space at 1500 Broadway in… Read more