New York
CushWake Finalizes Sale of Morris Park Apartments
Cushman & Wakefield arranged the sale of 1600 Tomlinson Ave., a 10-unit, 7,350-square-foot multifamily property in the Bronx’s Morris Park… Read more
Multifamily Dominates Slow Year for NYC Investment Sales
Despite a positive start to 2020, New York City saw a 31% decline in sales transactions from 2019 and a… Read more
Investment Veteran Joins PGIM Real Estate’s IVP Team
Ola Hixon has joined PGIM Real Estate as an executive director and assistant portfolio manager for its U.S. value-add team,… Read more
MRC Provides $106M on MXU Straddling Two Boroughs
Madison Realty Capital (MRC) provided $106 million in construction financing to a partnership between Arch Companies and AB Capstone for the ground-up development of… Read more
Knotel Files for Chapter 11, Will Sell Business to Newmark
Newmark Group said Monday it had agreed to provide debtor-in-possession (DIP) financing to Knotel, Inc. and acquire Knotel’s business through its… Read more
Condé Nast Mulls Dividing Space Between Downtown and NJ
Condé Nast, whose one-million-square-foot commitment to One World Trade Center symbolized the post-9/11 resurgence of Lower Manhattan, is exploring taking office… Read more
REBNY: Broker Confidence Rebounds from All-Time Trough
New York City residential and commercial broker confidence rebounded in the last quarter of 2020, after three consecutive record lows,… Read more
Revamped 730 Third Ave. Makes Its Debut
Taconic Partners recently unveiled the new 730 Third Ave., following a $120-million transformation of the Midtown office tower in partnership with… Read more
Sam Zell Expects Rebound for Office, Hospitality and Big-City Multifamily
Chicago’s own Sam Zell sees the future of certain commercial property sectors clouded by possible oversupply, but not so much… Read more
Dual-Tenant Berwyn Retail Trades in 1031 Deal
Marcus & Millichap completed the sale of a 7-Eleven | Starbucks retail property in Berwyn, IL. The asset sold for $5,400,000, or $1,058.82 per… Read more
Queens Withstands 2020’s Steep Drop in Investment Sales
The Queens investment sales market experienced a slow year in 2020, due largely to the COVID-19 pandemic, Ariel Property Advisors… Read more
Renewals Grow Share of 2020’s Biggest Office Leases
Renewals claimed a significantly bigger portion of the largest 100 U.S. office leases in 2020, according to a new report from CBRE. Their… Read more
Underpinning the Pandemic, Another Malady: Municipal Finances
COVID-19 and the resulting economic downturn made a considerable impact in many areas of the U.S. economy during 2020, but… Read more
WeWork May Go Public by Combining with a SPAC
WeWork is in talks to combine with a SPAC, the Wall Street Journal reported Thursday. The discussions occur more than a… Read more
HNA’s 245 Park Ave. Scores 224K SF of Leases
SL Green Realty, as leasing agent for HNA Group North America’s 245 Park Ave., finalized leases covering 224,408 square feet.… Read more
Federal Realty Signs Restaurant Tenant at Melville Mall
Federal Realty Investment Trust has signed Cava, a growing Mediterranean brand, as the final tenant at its new 15,000-square-foot building at Melville Mall. The restaurant will open… Read more
Eastern Union Launches CRE “Boot Camp”
Brooklyn-based Eastern Union has just graduated its 75th broker and is now making the heart of its broker training program available… Read more
We’re Looking for More of the Industry’s Top Brokers
Although response to date has been positive for our fourth annual call for Top Broker Award nominations, we’re looking for… Read more
Tishman Speyer’s Spiral Tops Out, 51% Pre-leased
Tishman Speyer celebrated the official topping out of The Spiral, its 1,031-foot-tall office tower rising on Manhattan’s Far West Side. With… Read more