New York
GrowNYC Launches Cold-Storage Facility in Hunts Point
City and state officials joined nonprofit GrowNYC to celebrate the start of construction for the New York State Regional Food… Read more
Hope Street, Eqpt Team on Custom Designs for Condo Buyers
The developers of the 98 Front Street luxury condominium project in Brooklyn’s DUMBO, neighborhood have launched a first-of-its-kind collaboration with Eqpt Residences. As part of… Read more
Suburban Apartments Have Outperformed Central Cities, Right? Not Necessarily
Among the theses that emerged during the course of the pandemic was that suburban apartment properties have outperformed their central-city… Read more
“Pockets of Strength” Emerge Amid Elevated Levels of Office Sublease Space
Reports at both the local and national levels have made the point that office sublease space has increased during the… Read more
WeWork to Go Public via Merger with Bow Capital SPAC
WeWork and BowX Acquisition Corp., a special purpose acquisition company launched by Menlo Park, CA-based Bow Capital, said Friday that… Read more
Annaly Reaches $2.3B Deal to Sell Its CRE Business
Annaly Capital Management said Thursday it had agreed to sell its commercial real estate business to Toronto-based Slate Asset Management… Read more
Kaufman Enters 99-Year Ground Lease on Haymarket Building
The Kaufman Organization acquired The Haymarket Building at 135 W. 29th St. for $34.5 million from MFM Properties LLC under a newly formed 99-year ground lease. Michael… Read more
JLL Markets Hell’s Kitchen Warehouse for Sale
JLL Capital Markets is marketing a 75-foot-wide, three-story vacant commercial warehouse at 456 W. 55th St. in Hell’s Kitchen for… Read more
Janus Expands Manhattanville Factory District with Deal for Vacant Lot
The Janus Property Company has again expanded the footprint of the Manhattanville Factory District in West Harlem, acquiring 437 W.… Read more
Berkadia’s Chicago Office Completes Trio of Apartment Sales
Berkadia recently completed $43.2-million in combined sales of three multifamily properties, including Wing Park Apartments, Parkside Apartments and Stone Ridge Square. Managing… Read more
Brooklyn Investor Snaps Up Park Slope Rentals
TerraCRG recently closed on the sale of a seven-unit rent-stabilized property at 42 St. Johns Pl. in Brooklyn’s Park Slope… Read more
Office Demand Recovers in NYC, Other Key Markets as 2021 Progresses
A year after the pandemic began, demand for office space in the country’s largest markets is approaching pre-COVID levels, and… Read more
CushWake Markets Residential, Mixed-Use Portfolio Across Downtown and Midtown
Cushman & Wakefield has been retained to arrange the sale of The Metro Portfolio, a 13-building portfolio located mainly in… Read more
Lendlease Names Americas Head for EH&S
Lendlease named Ray Master as head of environment, health & safety (EH&S), Americas. He’ll be based in Lendlease’s New York… Read more
Final Phase of West Farms Affordable Complex Breaks Ground
City officials joined with Monadnock Development, Signature Urban Properties and Wells Fargo recently to mark the groundbreaking of Compass Six,… Read more
Industrial Takes Center Stage on Staten Island
In 2020, Staten Island was top of mind for industrial developers, Ariel Property Advisors says in its first-ever Staten Island… Read more
Value-Add Finds Fresh Appeal from Freshwater Group
New York City-based Freshwater Group was looking for a value-add opportunity in a great location. And that opportunity presented itself… Read more
Do You Know a Rising Star in CRE?
Connect Media’s 2020 Next Generation Awards shined a spotlight on an impressive list of more than 100 of commercial real… Read more
NYC Calls Back 80,000 Office-Using Employees Effective May 3
Eighty thousand New York City municipal employees will return to the office effective May 3, Mayor Bill de Blasio said… Read more