New York
Realterm Snags Bronx Warehouse, Its Second NYC Deal This Month
Realterm acquired a 12,000-square-foot “final mile” distribution facility at 4825 Baldwin St. in the Bronx, its second New York City acquisition this month. The fully leased warehouse… Read more
CBRE Adds Retail Team of Breslin and Yip on Long Island
CBRE has made two strategic hires to bolster its retail practice on Long Island. Patrick Breslin and Kenny Yip have joined the… Read more
South Korean Hotel Chain Adds Chicago to Its U.S. Map
South Korea-based Lotte Hotels & Resorts has been revealed as the mystery buyer of the Kimpton Hotel Monaco Chicago in the Loop, Crain’s Chicago… Read more
Blackstone Near Deal for One Manhattan West Stake: Reports
Blackstone is close to taking a 49% stake in Brookfield Asset Management’s One Manhattan West in a deal that would value the 70-story… Read more
With Emerging Energy Sources Come Emerging Energy Hubs
As renewables and alternative sources grow their share in the mix of total energy production, new real estate hub markets… Read more
City Council Approves SoHo/NoHo Rezoning Plan
The New York City Council voted 43-5 to approve the de Blasio administration’s SoHo/NoHo Neighborhood plan, supported by housing advocates and opposed by preservationists. Intended… Read more
Law Firm Commits to Full-Floor Sublease at 275 Madison Ave.
Law firm Hawkins Parnell & Young LLP has committed to a 13,541-square-foot office lease at 275 Madison Ave. The firm,… Read more
L+M Elevates COO Lisa Gomez to CEO’s Chair
L+M Development Partners said longtime COO Lisa Gomez will become its CEO, effective Jan. 1. Ron Moelis, the firm’s founding partner and CEO since… Read more
Lee NYC Completes Triple-Net Leasehold in Brooklyn
Lee & Associates NYC represented ownership, 731 Flushing Avenue LLC, in the creation of a 99-year triple-net leasehold at 731 Flushing Ave. in… Read more
REBNY Sees Brighter Outlook for Manhattan Retail
The Real Estate Board of New York’s Fall 2021 Manhattan Retail Report highlights improved leasing volume along with lengthier lease commitments. Although food and beverage… Read more
Ergatta Rows Into Move-In Ready Flatiron District Space
Ergatta, a health and wellness company known for its flagship product, the Ergatta Rower, has signed an 11,185-square-foot lease at 40 W. 25th St., owned… Read more
JLL Names Kevin Davis Americas CEO for Hotels & Hospitality
Senior managing director Kevin M. Davis has been named Americas CEO of JLL’s Hotels & Hospitality division. Manhattan-based Davis, who leads JLL’s Hotel Investment… Read more
Doe Fund’s Villa House Wins QBBA’s Excellence Award
The Doe Fund‘s Villa House residence won the Excellence in Residential Apartment Buildings Award from the Queens & Bronx Building Association.… Read more
Savills Arranges Brooklyn Space for JCCA
Savills represented JCCA in a 68,000-square-foot, 16-year lease at Meadow Partners’ 57 Willoughby St. in Brooklyn. JCCA, which provides care to neglected and traumatized… Read more
NYC Proposes Restructure of Freight Distribution Citywide
The de Blasio administration on Wednesday released Delivering Green: A vision for a sustainable freight network serving New York City, a… Read more
Lexington Realty Trust Rebrands to Reflect Industrial Focus
Lexington Realty Trust (LXP) on Wednesday announced a corporate rebranding and name change to LXP Industrial Trust. In connection with the rebranding,… Read more
Times Square Retail Condo Trades at North of $190M
In one of New York City’s largest retail transactions since the onset of the pandemic, a three-story retail condominium at residential… Read more
Fintech Pioneer More Than Doubles 3 World Trade Footprint
Fintech pioneer Hudson River Trading expanded its presence at Silverstein Properties’ 3 World Trade Center by 75,207 square feet. HRT, formerly housed in a smaller… Read more
SL Green Divests Former Kenneth Cole Headquarters
SL Green Realty Corp. has sold its ownership interest in 707 Eleventh Ave., formerly the headquarters of Kenneth Cole, for $95 million.… Read more