New York
Hicksville Warehouse Sale Sets Pricing Record
JLL Capital Markets closed the $74.5-million sale of Lincoln Logistics @ Hicksville, a brand new, 195,610-square-foot distribution warehouse in the Long… Read more
CushWake Arranges Sales in Midtown, Midtown South
Cushman & Wakefield arranged three sales in Manhattan totaling $31.94 million, including two in Midtown. In the largest transaction, John… Read more
Life Time Muscles Ahead with Manhattan Expansion
Although COVID-19 has turned the fitness industry upside down in New York City, Life Time is forging ahead with plans to… Read more
Phase 1 of Bronx Point Garners $349M Financing
A public-private partnership of L+M Development Partners, Type A Projects, BronxWorks and the City of New York closed on $349 million in… Read more
PR Giant Howard Rubenstein Passes Away, Age 88
Howard J. Rubenstein, founder of the Rubenstein public relations agency, died Dec. 29 at his home in Manhattan. The influential… Read more
Nuvance Signs for 220K SF in Danbury
Nuvance Health Systems, which operates seven hospitals in Connecticut and New York State, signed a 12-year lease at The Summit at Danbury, formerly… Read more
$1.6B Moynihan Train Hall Reaches Completion
The $1.6-billion Moynihan Train Hall redevelopment at the Farley Post Office in Midtown Manhattan opened on schedule just before New… Read more
High-End Grocer Comes to Boerum Hill Condo Project
Downtown Organic Market, a high-end grocer offering organic produce and meats, has signed a retail lease at Adam America’s 561 Pacific residential condominium… Read more
State Comptroller: NYC Budget at Risk Without More Federal Aid
New York City’s budget faces risks of more than $2 billion annually through fiscal year 2024 without additional federal aid… Read more
Cash-Flowing Apartments Trade in the Bronx
Cushman & Wakefield arranged the sale of 3242 Decatur Ave., a 31-unit apartment building in the Bronx. The final closing price was… Read more
Oliver James Moves U.S. HQ to Rockefeller Center
Global recruitment firm Oliver James moved its U.S. headquarters into a private office suite at Tishman Speyer’s Studio at Rockefeller Center,… Read more
Brooklyn’s Tillary Hotel Files for Chapter 11
Faced with foreclosure, The Tillary Hotel in Downtown Brooklyn filed for bankruptcy last week. The 174-room boutique hotel and residential building, located at 85 Flatbush Ave.,… Read more
JLL Lists 16-Acre Land Parcel, One of NYC’s Largest
JLL has been hired by The National Grid to arrange the sale of a 16-acre land parcel at 2731 W.… Read more
Monmouth REIT Mulls Unsolicited Bid from Blackwells
Monmouth Real Estate Investment Corporation, based in Holmdel. NJ, said Monday it had received an unsolicited proposal from Blackwells Capital… Read more
Garment District Tower Signs Three Tenants
Adams & Co. Real Estate recently signed three tenants at its 463 Seventh Ave. Garment District office tower. The three leases… Read more
Clearview Healthcare Expands at ESRT’s 111 W. 33rd
ClearView Healthcare Partners, a global strategy firm with consultants who serve the life science sector, signed an eleven-year lease for… Read more
New York City, State Lose $1.6B in Tax Revenue as Investment Sales Drop
New York City’s year-to-date investment and residential sales totaled $40.3 billion, representing a 49% year-over-year decline and leading to a 41%… Read more
Ariel Makes Hires with Focus on Bronx, Northern Manhattan, Queens
Ariel Property Advisors has made several new hires on its investment sales team, each with his or her own geographic… Read more
Norwalk Luxury Apartments Change Hands
JLL Capital Markets closed the $53-million sale of The Sheffield SoNo, a luxury, transit-oriented apartment building with ground-floor office space… Read more