New York
Development Site Up for Sale Near Riverside Center
JLL Capital Markets was selected to market for sale 537 W. 59th St., located between Amsterdam and West End avenues… Read more
Net Lease Investments Chart Record 2019 with $78B Across U.S.
In its year-end 2019 tabulations, CBRE is reporting U.S. net-lease investment reached record highs last year, with investors increasingly attracted… Read more
Coronavirus Impact on CRE Expected to Be Short-Term and Limited
By Paul Bubny With more than 2,700 participants registering for CBRE’s flash call Thursday on the commercial real estate implications… Read more
NYC’s Evolving Superregional Industrial Market
The term “megalopolis” has been around for more than a century. In 2020, someone may need to coin a comparable… Read more
JLL to Market Headquarters Block at Base of Seagram Building
JLL was selected by RFR Realty LLC to lease a unique headquarters block of 272,628 square feet at the base… Read more
Rent-Stabilized Multifamily Sales Drop 73% Y-O-Y
Although New York City commercial property sales generally declined year-over-year during 2019, rent-stabilized apartment buildings took the biggest hit. The… Read more
3rd-Generation Owners Divest Last of Bronx Properties
Brix Real Estate Advisors arranged the $6.3 million sale of a 36-unit, six-story multifamily building at 55 E. 196th St. in the Kingsbridge… Read more
MDC Consolidates into 200K SF at One WTC
MDC Partners signed an 11-year lease for 199,277 square feet at One World Trade Center. The marketing firm is the third… Read more
Hudson’s Bay Shareholders Approve $1.9B Privatization
Hudson’s Bay Company’s shareholders approved a plan to become a private company, the parent company of Saks Fifth Avenue said… Read more
Connect South Florida: Population Growth is Driving Demand for Affordable Housing
Population growth in the United States has slowed overall in recent years, but South Florida has continued it’s remarkable and… Read more
Consulting Firm J.S. Held Acquires Brennan Environmental
Consulting firm J.S. Held, based in Jericho, NY, has acquired Brennan Environmental Inc. (BEI), an environmental consulting firm headquartered in… Read more
NYC Investor Acquires Kennebunkport Resorts
EOS Investors, a privately-held investment firm based in New York City, acquired the nine-property Kennebunkport Resort Collection in Kennebunkport, ME. Deal… Read more
JLL Sells Two Upper West Side Walk-Ups
JLL Capital Markets completed the sales of 124 W. 73rd St. and 164 W. 81st St., a pair of walk-up… Read more
RockFarmer Launches Sales at Rowan Condos in Astoria
RockFarmer Properties launched sales at The Rowan, its ground-up residential condominium project in Astoria. The 46-unit property’s sales gallery is… Read more
Transwestern Nonprofits Platform Hires Skelskie, Promotes Powers
Transwestern Commercial Services (TCS) made two high-profile personnel moves in its New York office that strengthen its Nonprofit Advisory Services team.… Read more
DRA/Paragon JV Refi’s Rancho Mirage Retail for $30M
A joint venture of DRA Advisors and Paragon Commercial Group has refinanced its Rancho Las Palmas Shopping Center in Rancho… Read more
CIT Secures $66M for Three BKM Industrial Assets
New York’s CIT Group Inc. has earned a clear endorsement from BKM Capital Partners after securing a total of $66… Read more
Apple Takes a Bite Out of Macy’s Office Space
Apple is joining Google and Facebook among tech giants with an expanding office presence on Manhattan’s West Side. The New… Read more
Hersha Offloads Hotels in Boston, NYC, Miami
Hersha Hospitality Trust has entered into binding sales contracts for two consolidated hotels and two unconsolidated joint venture assets for… Read more