New York
Downtown Chicago’s Class B Office Stock Poised for Residential Conversion
Chicago ranks third only behind New York and Washington, DC in potential for converting class-B office to residential use, according to the National Association… Read more
City Council Okays Gowanus Rezoning, NY Blood Center Expansion
The New York City Council approved rezonings just before Thanksgiving that will facilitate the de Blasio administration’s Gowanus Neighborhood Plan and the New York Blood Center’s $750-million expansion of its Upper East Side headquarters. For the Blood Center,… Read more
Apartment Rent Growth Accelerates Year Over Year
Led by metro areas in Florida and the Pacific Northwest, average monthly apartment rents increased 13% nationwide over the past… Read more
Squire Technologies Inks Full-Building Lease on Lower East Side
Cushman & Wakefield arranged a long-term, full-building lease for Squire Technologies, Inc. at 216 Bowery, a new boutique office redevelopment on… Read more
Reimagined 1501 Broadway Draws New Tenants
Newmark and the ownership of 1501 Broadway unveiled the Midtown office tower’s recently completed pre-build program and more than 25,000 square feet of office leasing since the onset of a capital improvement… Read more
Camber Finalizes $105M Deal for Affordable Portfolio
Camber Property Group closed the $105-million acquisition of the Triboro Portfolio, which features more than 300 units of affordable housing… Read more
Fetner/Lions Group JV Lines Up Financing for LIC Rentals
American Lions, LLC, a joint venture between Fetner Properties and the Lions Group, said Tuesday its first project, 27-01 Jackson Ave. In Long Island City,… Read more
Taconic, National Close on $204M Construction Loan for Hell’s Kitchen Tower
Taconic Partners and National Real Estate Advisors, LLC closed on a $204-million construction loan with the Union Labor Life Insurance Company for their upcoming mixed-use residential building at 312 W. 43rd St. in Hell’s Kitchen. Avison Young’s co-leads of… Read more
Office Demand Ticks Up as Signed Leases Tick Down in Major U.S. Markets
Many top U.S. office markets showed improved demand for new office leasing during October, CBRE reported Tuesday. However, the other two leading… Read more
Shoppers Have Held Back but May Go For It on Black Friday
A new Oracle retail survey shows that consumers have barely made a dent in holiday shopping. While a September survey… Read more
Marcus & Millichap Closes Sale of Midtown South Hotel Set for “Incredible Revitalization”
Marcus & Millichap closed the sale of Martinique New York on Broadway, a 531-room landmark hotel on the corner of 32nd Street… Read more
Avison Young Arranges Long-Term Renewal for Second Stage
Avison Young’s New York office arranged a long-term lease renewal for theater production company Second Stage Inc. at the Tony… Read more
Meridian Arranges $38M Financing on Bronx Portfolio
Meridian Capital Group arranged $38 million in financing to refinance a multifamily portfolio of nine properties in the Bronx. The 10-year… Read more
ERG Arranges Cash-Out Refi on Gowanus Warehouse
ERG Commercial Real Estate has arranged a $3-million refinance/cash-out loan to the owner of a prime Gowanus warehouse currently leased to… Read more
NYC Construction Filings Rise Year-Over-Year
The Real Estate Board of New York’s latest Quarterly Construction Pipeline Report finds that the total number of new building filings in the third… Read more
NYC Leads Metros in Delinquency Balance, But Not Rate
Although the New York-New Jersey SMSA has the highest CMBS delinquency balance at $4.7 billion as of October, it doesn’t have the highest rate, Trepp… Read more
EBI on Assessing Climate Risk: Look Decades into the Future (VIDEO)
In part three of a three-part video conversation moderated by Connect CRE founder and CEO Daniel Ceniceros, EBI Consulting’s Mike Eardley and Will Duggan break down the components of… Read more
NoMad Offices Once Used by Astors Trade for $13M
Cushman & Wakefield arranged the sale of 21 & 23 W. 26th St., two historic adjacent, separately owned office buildings totaling 14,885… Read more
ULI New York Honors Excellence in Development with Sixth Annual Awards
The Urban Land Institute New York recently announced the winners of the Sixth Annual Awards for Excellence in Development. The… Read more