New York
NYC’s Finance Sector Won’t Recover Until 2026
New York City’s finance industry won’t recover from the economic impact of the coronavirus pandemic until 2026, Bloomberg News reported,… Read more
Bowery Mixed-Use Fetches $1,175/SF
Cushman & Wakefield arranged sale of 159 Bowery, a 4,252-square-foot mixed-use property on Manhattan’s Lower East Side. The final sale price was… Read more
Kimco Eyes Vehicle Focused on Market Disruptions
Shopping center REIT Kimco Realty Corp., headquartered in Jericho, NY, said Monday that it’s exploring an opportunity to sponsor a… Read more
Starwood Capital Will Recapitalize TPG REIT
TPG RE Finance Trust (TRTX) has entered into a definitive investment agreement with an affiliate of Starwood Capital Group for… Read more
NYC on Target to Begin Reopening June 8
The last region of New York State to begin the process of exiting the lockdown brought about by the COVID-19… Read more
Paramount Closes on Sale of 1633 Broadway Stake
Paramount Group Inc. said Thursday it completed the joint venture sale of a 10% interest in 1633 Broadway, its 2.5-million-square-foot… Read more
CushWake’s Preuss & Schmitz Market Queens Offices
Cushman & Wakefield has been retained to sell 138-50 Queens Blvd., a 40,000-square-foot office property in the Briarwood neighborhood of… Read more
Naftali Makes NYC’s Biggest Land Deal Since Shutdown
The Naftali Group finalized the acquisition of 470 Kent Ave., adjacent to the Brooklyn Navy Yard and one of the… Read more
CBRE Completes $100M in Colorado Industrial Deals
CBRE handled a pair of industrial sales totaling more than $100 million in Colorado. The larger of the deals involved… Read more
Office Deal Gives NYC Investment Sales “Great Shot in the Arm”
JLL Capital Markets has completed the sale of 150 E. 45th St., also known as the Lord Memorial Building, in… Read more
Borough Park Mixed-Use Comes to Market
GFI Realty Services was hired to sell 3801 13th Avenue, a three-story mixed-use building in the Borough Park section of Brooklyn. The firm’s Ohad Babo and… Read more
Investment Firm Hickory Lane Commits to 530 Seventh
Hickory Lane Capital Management has signed a three-year, 2,100-square-foot lease at Savitt Partners’ 530 Seventh Ave. The space will serve as… Read more
Bakery Chain Le Pain Quotidien Files for Chapter 11
The U.S. arm of bakery chain Le Pain Quotidien filed for bankruptcy Wednesday in Delaware, with plans to sell itself… Read more
Quantum Real Estate Brokers $9M Sale of Providence Retail Property
Quantum Real Estate Advisors has arranged the $9 million sale of a single-tenant Walgreens located in Providence, R.I. Dan Waszak… Read more
Upper West Side Apts. Fetch North of $1K Per SF
Cushman & Wakefield finalized the sale of 323 W. 101st St., a 4,480-square-foot multifamily property on Manhattan’s Upper West Side. The final… Read more
Avison Team Arranges Midtown Space for Cozen O’Connor
Avison Young arranged a 10-year, 7,100-square-foot lease at SL Green Realty Corp.’s 100 Park Ave. for Cozen O’Connor. The law… Read more
New York Stock Exchange Reopens After Two Months
The New York Stock Exchange (NYSE) reopened Tuesday for trading, two months after the trading floor was closed to help… Read more
CBRE Duo Will Spearhead Expansion Program for AAMCO
AAMCO Transmissions and Total Car Care has retained CBRE to create and execute an expansion program throughout the country. CBRE’s… Read more
Philip Miller Joins Greystone in Proptech Strategy Role
Philip Miller has joined Greystone as a managing director in a newly-created role focused on developing proptech strategies across its… Read more