New York
Times Square-Area Hotel Sells as Investor Confidence Begins Returning
JLL Hotels & Hospitality closed the sale of the Gallivant Times Square hotel, a 336-key hotel at 234 W. 48th St. The… Read more
Developer Expands Bronx Portfolio with Bedford Park Site
GFI Realty Services arranged the $3.8-million sale of 171-173 E. 205th St., a 7,690-square-foot development site in the Bedford Park section of the… Read more
Meridian’s Team Hess Trades Elevator Building in Brooklyn’s Park Slope
Meridian’s Adam Hess and Edward Setton recently sold 70 Prospect Park West, a six-story multifamily property in Brooklyn’s Park Slope… Read more
San Diego Clocks in Third for Self-Storage Deal Volume
Nationally, more than 46 million square feet of storage space traded last year, for a combined $3.68 billion, a 6… Read more
Repositioned LI Industrial Sells to BlackRock
Woodmont Industrial Partners, an affiliate of Woodmont Properties, closed the sale of 100 Precision Dr. in the Town of Brookhaven… Read more
SL Green Launches Portfolio-Wide COVID Testing Initiative
SL Green Realty Corp. has launched what is reportedly the first portfolio-wide COVID testing initiative in New York City. Working… Read more
Newmark Hires Exec Team to Lead Knotel Business
Newmark Group has hired Michael Gross, Eric Gross and Yoav Gery as the executive team to lead the company’s new Knotel flex space… Read more
Brixbid Brings Auction-Based Apartment Leasing to Chicago
Brixbid, an auction-based apartment listing platform, has launched in the Chicago market. Conceived by commercial real estate veterans who own… Read more
Private Equity Firm Takes Two Floors at 425 Park Ave.
Global private equity firm Hellman & Friedman LLC has signed a lease to relocate its New York offices to L&L Holding Company’s 425… Read more
Urban Umbrella Partners with Madison Avenue BID
Urban Umbrella has partnered with Madison Avenue Business Improvement District (BID), as part of the BID’s effort to promote safe sidewalks, without… Read more
Swingers Crazy Golf Coming to Washington D.C. This Summer
U.K.-based mini-golf chain Swingers has announced its expansion into the United States as well as $20 million raised in follow-on… Read more
Manhattan Office Demand Picks Up, Led by Finance Tenants
Manhattan’s office market has begun picking up, with lower rents and concessions pushing some companies to seek space after months of remote… Read more
HYPOTHEkids Expands into Janus Space in Manhattanville
HYPOTHEkids (Hk) has expanded from its existing space at Harlem Biospace in the Manhattanville Factory District into its first dedicated… Read more
Hudson Cos. Opens $105M Brooklyn Rental Project
The Hudson Cos. announced today the opening of The Lois, Brooklyn’s latest full-service rental building located on the border of Prospect-Lefferts Gardens and East Flatbush. The eight-story, 250-unit building features… Read more
Long Island Multifamily Sale Sets Price-Per-Unit Record
Marcus & Millichap closed the sale of The Horizon at Roslyn, a 50-unit, 55-plus age-restricted luxury apartment building in Roslyn, NY. The asset… Read more
Migration in the Pandemic Was Less Than Expected, But with “Major Implications”
The mass exodus from major urban centers such as New York City and San Francisco during the height of the… Read more
Freddie Mac’s Apartment Market Index Stays Positive Despite NOI Declines
Freddie Mac said its Multifamily Apartment Investment Market Index (AIMI) rose by 0.5% in the fourth quarter after rebounding in Q3. The… Read more
Nominate a Rising Star for Our Fifth Annual Next Generation Awards
Connect Media’s fourth annual Next Generation Awards in 2020 shone the spotlight on more than 100 of commercial real estate’s… Read more
Investors Group Makes $2.2B Bid for Columbia Property Trust
A group of investors in Columbia Property Trust (CXP) on Thursday submitted an unsolicited proposal to acquire the company for… Read more