New York
Apartment Fundamentals Rebound from Shaky First Half of 2020
From the standpoint of investor demand, the apartment sector remains at or near the top of the class, rivaled only… Read more
Pandemic Ramps Up Already-Strong Life Sciences Demand
The pandemic has accelerated momentum in the U.S. life sciences industry, particularly amid the race to produce a COVID-19 vaccine,… Read more
Better Buses Restart Plan Extends to South Bronx
The de Blasio administration is extending its Better Buses Restart plan to the South Bronx, including 2.7 miles of offset… Read more
SoHo Mixed-Use Trades for First Time in 75 Years
Lee & Associates NYC completed the sale of a 7,500-square-foot mixed-use corner building at 500 Broome St. in SoHo. The… Read more
Hyatt, Genting to Open Hotel at Resorts World
Hyatt Hotels Corporation and Genting Americas plan a new hotel located at Resorts World Casino New York City (RWNYC) in Queens.… Read more
REBNY: Residential and Investment Sales Down 47% Y-O-Y
Total investment and residential sales volume across New York City declined 47% and tax revenue generated declined 36% from September… Read more
RFR Installs KAWS Sculpture at Seagram Building Plaza
RFR recently unveiled a new sculpture by renowned artist KAWS, on the Seagram Building Plaza at 375 Park Ave. The 20-foot… Read more
Due Diligence Veteran Barone Joins Partner
Partner Engineering and Science, Inc. has added industry veteran Robert W. Barone as director, based in Partner’s White Plains, NY… Read more
Regus Inks Long-Term Renewal in Midtown South
Williams Equities arranged a long-term, 36,600-square-foot extension at 136 Madison Ave. with Regus, which occupies two floors in the ownership group’s… Read more
Diamond District Office/Retail Up for Sale at $113M
A Diamond District office and retail property has hit the market for $113 million, via B6 Real Estate Advisors. The… Read more
Law Firm Porzio Relocates to 1675 Broadway
The Rudin Family finalized a 10-year lease with Porzio, Bromberg & Newman, P.C. at 1675 Broadway. Porzio, a leading multi-practice law… Read more
Nelson Team Markets Pair of UWS Resi Properties
Avison Young’s Tri-State Investment Sales Group is marketing both 2651-2657 Broadway, also known as 230 W. 101st St., and 258… Read more
HWE Commits to 10 Years at One Vanderbilt
SL Green Realty Corp. said capital markets advisor Hodges Ward Elliott has signed a new 12,692-square-foot, 10-year lease to occupy… Read more
NYC Construction Projected to Decline 8.5% Y-O-Y: Building Congress
The city’s construction industry will lose nearly $11 billion by year’s end because of the pandemic, said Crain’s New York Business, citing a… Read more
Extell’s Harlem Office Project Launches Leasing
Extell Development Company’s ground-up Harlem Headquarters (HHQ) project in East Harlem has commenced leasing. With project completion anticipated in 2022, a Cushman… Read more
State Comptroller Warns of MTA’s “Dire” Finances
State Comptroller Thomas DiNapoli said Tuesday that the Metropolitan Transportation Authority (MTA) has few viable options without federal funding to… Read more
Meridian’s Team Hess Handles Park Slope Sale
Meridian Investment Sales sold 396 7th Ave., a corner mixed-use property in Brooklyn’s Park Slope neighborhood, for $4.55 million. The property… Read more
Investment Veteran Wessner Joins Hamilton Zanze
Aaron Wessner has joined Hamilton Zanze Real Estate Investments (HZ) as a managing director. Based in New York City, he will lead HZ’s… Read more
Midtown Rental Tower Lands $289M Freddie Mac Loan
Greystone closed on a $289,289,000 permanent Freddie Mac loan to an affiliate of BLDG Management Company for the Summit, a… Read more