New York
FirstService Residential Names VP in New Development
FirstService Residential promoted Jeffrey Poirot to VP of the New Development consulting and property management division. With more than 20 years of experience in… Read more
RXR Closes on Deal for Rentals at 85 Jay St.
(Updated with additional information) CIM Group and LIVWRK closed on the sale of the 320-unit rental apartment component at 85… Read more
Manhattan Apartment Rents Exceed Pre-Pandemic High for the First Time
Manhattan’s net effective median apartment rents rose to $3,392 per month in December, surpassing pre-pandemic levels for the first time and representing the… Read more
Allbirds Signs Lease for Flagship Store in Union Square/Flatiron
Bromley Companies has signed a long-term lease for Allbirds at 120-122 Fifth Ave. The sustainable footwear and apparel company will occupy 4,500 square feet… Read more
Design Firm Mancini Duffy Recommits to Manhattan
JLL has completed a long-term lease at 520 Eighth Ave. in Midtown on behalf of design firm Mancini Duffy. The tenant signed a 12,000-square-foot… Read more
Phipps Houses Closes on Second Phase of Lambert Houses Redevelopment
Phipps Houses has closed on $188 million in construction financing for the second phase of Lambert Houses, a $600-million redevelopment… Read more
Industry City Tallies 870K SF of Leases Since March 2020
The 16-building Industry City complex in Brooklyn has leased more than 870,000 square feet of space since March 2020. This figure accounts for nearly… Read more
Lee NYC Closes Deals for Long Island MOBs
Lee & Associates NYC represented the sellers in the sale of four single-tenant medical properties in Long Island’s Suffolk County, for $9.2… Read more
Manhattan Investment Sales Rebound to Pre-Pandemic Levels
Manhattan investment sales achieved quarterly activity at pre-pandemic levels for the first time in two years, according to the fourth-quarter report from… Read more
Nominate 2021’s Top Leasing and Sales Brokers
In 2021, the second year of the global pandemic, commercial real estate’s dealmakers got it done. Do you know a broker… Read more
Rockrose Reaches Affordability Agreement at Battery Park Tower
The Battery Park City Authority (BPCA) reached an agreement to preserve affordability at Tribeca Pointe, a 42-story rental tower owned and developed by… Read more
CLSA Takes Full Floor at Durst’s 1155 Sixth Ave.
CLSA has signed a 10-year lease for 16,563 square feet on the 17th floor of the Durst Organization’s 1155 Ave.… Read more
Berkadia Arranges $84M Senior Debt for Hotel-to-Apartment Conversion
Berkadia secured $84 million in stretch senior financing for developer Emmut Properties’ acquisition of Excelsior Hotel, a century-old landmark hotel at 45… Read more
Alpha Realty Lists Bed-Stuy Duo at 5% Cap Rate
Alpha Realty’s Lev Mavashev has been retained to sell 29 Brooklyn Ave and 126 Herkimer St in Brooklyn’s Bedford-Stuyvesant neighborhood. Mavashev and… Read more
RXR’s New Rochelle Resi Tower Launches Leasing
RXR launched leasing at One Clinton Park, a ground-up, 352-unit, 28-story mixed-use tower in downtown New Rochelle, NY, where RXR is master… Read more
High-End Office Leases Reach New High in Manhattan
The flight-to-quality trend has given a boost to high-end office space in Manhattan, report CBRE’s Nicole LaRusso, Michael Slattery and Jared… Read more
JLL Completes Quartet of Leases at NoMad Tower
JLL completed a total of 75,880-square-feet of leasing in four transactions at Global Holdings Management Group’s NoMad Tower, 1250 Broadway. Global law firm Gunderson… Read more
Avison Young, UiPath Partner on Enterprise Automation
Avison Young and UiPath, a Midtown Manhattan-based enterprise automation software company, have formed a partnership in which Avison Young will deploy UiPath enterprise automation software to… Read more
Realterm Makes Second Acquisition in Maspeth
Realterm closed the acquisition of a 130,000-square-foot final-mile warehouse at 50-35 56th Rd. in Queens’ Maspeth neighborhood. The fully leased property has 15 loading positions, excess… Read more