New York
Service Properties Trust Divests 16 Hotels for $137M
Newton, MA-based Service Properties Trust has sold a 16-property, 2,155-key hotel portfolio located across nine states. A joint venture of… Read more
Private Equity Firm Re-Establishes Physical Offices with Move to One World Trade
Kain Capital LLC, a private equity firm focused on the technology enablement of healthcare services companies, said Friday it had… Read more
James Lenox House, Carnegie East to Honor Four at April 4 Gala
James Lenox House and Carnegie East House, both not-for-profit independent and enriched living communities for older adults on Manhattan’s Upper… Read more
Fashion Brand Kith Establishes Williamsburg Outpost at Rubenstein Partners’ 25 Kent
Rubenstein Partners has signed a 12-year, 7,120-square-foot lease with multifunctional fashion and lifestyle brand Kith at 25 Kent, a mixed-use office and… Read more
JV of Venture One, DRA Recapitalizes Industrial Portfolio for Nearly $369M
Rosemont, IL-based Venture One Real Estate has formed a joint venture with New York City-based DRA Advisors to take over… Read more
NYC Unemployment Rate Ticks Upward in February as Statewide Rate Declines
New York State’s unemployment rate held steady in February at 4.2% statewide, according to figures from the New York State… Read more
Global Investors Report Increased Allocations to U.S. Real Estate in 2023
The U.S. remains a preferred global destination for commercial real estate investment with allocations up 6% from 2022, compared to… Read more
Turnbridge Launches IOS Strategy with $18M LA Purchase
New York-based real estate investment and development firm Turnbridge Equities has launched its industrial outdoor storage (IOS) portfolio with the… Read more
Ariel, Cushman & Wakefield Close Sales of Two Lower East Side Multifamily Properties
Ariel Property Advisors and Cushman & Wakefield arranged the sale of two multifamily properties on the Lower East Side of… Read more
Law Firm GGF Renews Lease at Financial District Offices
Cushman & Wakefield arranged a 10-year, 7,662-square-foot lease renewal for Garwin Gerstein & Fisher (GGF) at 88 Pine St. in… Read more
REBNY President James Whelan Joins Advisory Council of Fordham Real Estate
James Whelan, president of the Real Estate Board of New York, has been named to The Fordham Real Estate Institute’s… Read more
Flushing Industrial Portfolio Sale Sets Pricing Record for Queens
RIPCO Real Estate arranged the disposition of The Flushing Industrial Portfolio, a warehouse & development assemblage in Queens, for a total combined sale price of $51 million. The price… Read more
Landmarked Flatiron Building Fetches $190M in Court-Ordered Auction
The historic Flatiron Building has sold for $190 million to a surprise bidder at auction, according to published reports. The… Read more
Ariel Closes Sale of East Village Mixed-Use Multifamily
Ariel Property Advisors arranged the sale of a mixed-use multifamily property at 32 Avenue A between East 2nd and East… Read more
Gus Field Rejoins Cushman & Wakefield After Five Years with Tishman Speyer
Gus Field has rejoined Cushman & Wakefield in Manhattan as executive vice chair after five years with Tishman Speyer, where… Read more
Adams Administration Plans Expansion of Harlem River Greenway into the Bronx
The Adams administration will begin public engagement in April on a plan for an expansion of the Harlem River Greenway… Read more
Lendlease Secures NYSERDA Grant for Geothermal System at Brooklyn High-Rise
Lendlease, a leading global real estate and investment management group, and joint venture partner Aware Super, one of Australia’s largest… Read more
Marcus & Millichap Lists Family-Owned Montauk Portfolio
Marcus & Millichap has listed the Gosman’s Portfolio, a 48,145-square-foot, nine-property portfolio located on 11.6 acres in Montauk, NY, at the eastern… Read more
Cadre Launches Investment Fund with Value-Add Emphasis
Cadre, a New York City-based technology-driven commercial real estate investment manager, has launched Cadre Direct Access Fund II (CDAF II). It’s the latest… Read more