New York
Brookfield Fund Acquires Former Manufacturing Site in Nassau County
Simone Development Companies has sold the 15-acre former site of the RUCO Polymer Corp. in Hicksville, NY, within Long Island’s Nassau… Read more
Investment Firm Makes Move to Flatiron District
ATCO Properties & Management said Tuesday that investment management firm Richmond Hill Investment Co. has finalized a five-year, 4,438 square-foot lease at… Read more
We’re Looking for More of Real Estate’s Most Influential Women
Nominations for Connect CRE’s 2021 Women in Real Estate Awards have been open since the beginning of this month, and while industry response to date has been heartening,… Read more
KKR Reaches $2.2B Deal for Sale of Infill and Light Industrial Portfolio
KKR said Tuesday it had agreed to sell a 14.5-million-square-foot infill and light industrial portfolio to Oxford Properties Group for approximately $2.2… Read more
Longtime Legal Tenant Signs Renewal at Rudin’s 80 Pine St.
Rudin Management Company said Monday that law firm Freehill Hogan & Mahar LLP has signed an 11-year, 17,333 square-foot lease renewal… Read more
GFP Real Estate Launches Mural Campaign to Celebrate NYC’s Ongoing Recovery
Inspired by New York City’s resiliency and ongoing recovery, GFP Real Estate (GFPRE) launched #GFPRECares, a campaign across its NYC portfolio featuring… Read more
MTA, NYCDOT Reveal Plan to Improve City’s Bus Network
The Metropolitan Transportation Authority (MTA) and New York City Department of Transportation (NYCDOT) on Monday announced an ambitious plan to improve New… Read more
Office Condo Sale at 12 MetroTech Garners $106M Financing
Cushman & Wakefield arranged $106 million in acquisition financing for the office condominium at 12 MetroTech Center in Downtown Brooklyn. 60 Guilders purchased the office… Read more
Midtown Manhattan’s CBS Building Trades for $760M in First Sale Since Opening
Harbor Group International (HGI) said Monday afternoon it had agreed to acquire 51 W. 52nd St., a Midtown Manhattan office tower popularly known as… Read more
Austin’s Popularity Brings on Housing Affordability Issues
Housing affordability improvements brought on by historically low mortgage rates and dampened rent growth are quickly evaporating as housing costs… Read more
NYC Tech Sector Leads with Vaccine Mandates for In-Office Workforce
Mayor Bill de Blasio on Friday applauded businesses in New York City’s technology sector for their work to mandate vaccines… Read more
Mallorca-Based Shoe Retailer Chooses SoHo for First Manhattan Store
JLL has completed a 2,822-square-foot lease at 123 Mercer St. in SoHo on behalf of Meermin Mallorca Shoes. The tenant signed a 10-year lease with SL Green Realty Corp. to relocate from a second-floor showroom space at 130 Greene St.. for its… Read more
Manhattan Office Condo Pricing Hits Five-Year Low
Pricing on Manhattan office condominiums hit the lowest levels in five years in the first half of 2021, Rudder Property Group (RPG) reported… Read more
Luxury Co-Op Launches Sales on Roosevelt Island
Sales have launched at Westview, a former Mitchell-Lama apartment property on Roosevelt Island that has been converted to a 360-unit luxury… Read more
Study Says Gowanus Rezoning Will Be Net Positive for Diversity
The proposed rezoning of Brooklyn’s Gowanus neighborhood has the clear potential to be a net positive for racial equity, increasing… Read more
Brookfield Plans $25B of Commercial Property Sales in Coming Years
Brookfield Asset Management plans to harvest about $25 billion from commercial property sales in the coming years. The Toronto-based company, with… Read more
Return-to-Office Delays Aren’t an Issue for REITs; Secular Headwinds Are
With COVID-19 back to an upward trend for new cases, U.S. corporations may continue to announce return-to-office (RTO) delays for office employees, but… Read more
TX Hotels to Have Demand Surges in the Fall
PredictHQ recently released Demand Impact Report: The Great Hospitality Recovery of 2021. The report shows the impact of large events… Read more
RIPCO Appoints Anthony Pavli as Managing Partner in Tampa
New York-based retail brokerage RIPCO Real Estate has announced the hiring of Anthony Pavli as Managing Partner in Florida. In… Read more