New York
CushWake Team Will Lease Up Newly Built LIC Industrial
Cushman & Wakefield recently launched lease-up at Barone Management’s The Woodworks LIC, a newly-constructed, 89,024-square-foot, mixed-use industrial and office flex… Read more
Zoning Politics Poses Challenge to Macy’s Midtown Tower Plans
Macy’s Inc. faces what could be an uphill battle to develop a 1.5-million-square-foot office tower atop its venerable flagship store in… Read more
Westhab Lines Up Debt on Yonkers Project
TD Bank closed on $35.3 million in bank financing used by Westhab to fund the construction of the Dayspring Commons Campus, an… Read more
Digital Marketing Firm Scores Soho Office Co-op
Rudder Property Group, which specializes in the sale of office condominiums and cooperatives in the New York metro area, recently… Read more
Northern Manhattan Sales Hit 7-Year Low
Northern Manhattan 2019 investment property sales activity saw light multifamily transaction volume, a relatively steady market for development site sales… Read more
12 Trends That Are Shaping Commercial Real Estate in 2020
By Paul Bubny Twelve different commercial real estate trends and 12 different voices to express each of them. NKF’s white… Read more
Urban Edge Pays $165M for Midwood Mixed-Use Assets
Urban Edge Properties is acquiring Kingswood Center and Kingswood Crossing, a pair of mixed-use buildings along Kings Highway in Brooklyn’s Midwood neighborhood,… Read more
Dennis Sherry Joins Avison Young as Sr. Portfolio Manager
Dennis Sherry has joined Avison Young’s New York team as senior portfolio manager of the firm’s real estate management group. He brings… Read more
NYCHA Strikes Privatization Deal on Nearly 6,000 Apartments
Development partners including L + M, the Hudson Companies and Douglaston Development have been selected to take over the management… Read more
Longtime 140 Broadway Tenant SIG Opts for 16 More Years
Susquehanna International Group LLP (SIG) signed a 16-year lease renewal for 52,412 square feet at 140 Broadway in the Financial District.… Read more
Report: Commercial Construction Starts Accelerated in Top Metro Areas in 2019
The value of commercial and multifamily construction starts during 2019 in the top 20 metropolitan areas in the U.S. gained… Read more
Ariel Tapped to Market Eastern Parkway Portfolio
Ariel Property Advisors is marketing the Eastern Parkway Portfolio, a package of five walk-up buildings in the Ocean Hill/Crown Heights… Read more
NYCEDC Seeks Input on Update for Hunts Point Plan
New York City Economic Development Corporation (NYCEDC) selected a team led by the Pratt Center for Community Development to help facilitate a… Read more
365 Adds LI Facility to Data Center Portfolio
365 Data Centers acquired a facility at 500 Commack Rd. in the Suffolk County community of Commack, NY from mindSHIFT Technologies (a Ricoh company).… Read more
Fertility Benefits Tenant Subleases Full Floor on Broadway
NKF arranged an office sublease for Progyny, a leading fertility benefits management company, at 1359 Broadway. The firm’s David Falk and Kyle Ciminelli represented the… Read more
GIC Wealth Fund Takes Stake in Industry City
Singapore’s GIC Pte. Ltd. sovereign wealth fund has acquired a stake in Brooklyn’s Industry City, the Wall Street Journal reported,… Read more
Life Sciences: The Newest Recession-Resilient Space?
Industries ranging from genetic engineering, to medical technology development and manufacturing, to pharmaceutical research are broadly categorized as “life sciences.”… Read more
U.S. Credit-Card Debt Rises to Record $930B
Credit-card debt rose to a record $930 billion in Q4 2019, according to information released by the Federal Reserve Bank… Read more
Gramercy Park Development Sites Trade in $41M Off-Market Deal
CIM Group has sold two development sites in Gramercy Park for $40.5 million. Meridian Investment Sales confirmed that brokers Lipa… Read more