New York
Q3 Manhattan Office Leasing: 3 Yardsticks, 3 Results
Depending on the yardstick being used, Manhattan’s third-quarter office leasing volume was either down or basically flat on a year-over-year… Read more
Savanna Inks New Lease, Renewal for Lee Building Retail
Savanna leased more than 4,500 square feet of retail space at Harlem’s 1825 Park Ave., also known as the Lee… Read more
Marriott Acquires W Union Square, Will Showcase Brand’s New Look
Marriott International acquired the W New York – Union Square at 201 Park Ave. South, with plans to transform it… Read more
SL Green Agrees to SLB of Kenneth Cole’s West Side Offices
SL Green Realty Corp. has agreed to purchase 603 W. 50th St., a 160,000-square-foot loft office property in Midtown that houses… Read more
NorthMarq Secures $52M Refi on Downtown BK Apartments
Robert Delitsky, managing director of NorthMarq’s New York City office, arranged a $51.85-million refinance of the BRiQ, a Class A, 21-story, 110-unit… Read more
Rescue Plan Sets Up “Stalking Horse” Bid for Barneys
All remaining Barneys New York stores, including the Madison Avenue and Beverly Hills flagships, would close under a tentative agreement… Read more
Rikers Closure Plan Clears City Council
The de Blasio administration’s $9-billion plan to close the Rikers Island prison facility and build four new jails to replace… Read more
Bridge Development Hires Hampshire’s LoBello as Ops Director
Bridge Development Partners hired Karen LoBello as director of operations. Working out of Bridge’s New Jersey office, LoBello will oversee the property management… Read more
Burlington Stores Backfills Vacant Toys “R” Us in Raritan
Off-price retailer Burlington Stores plans to open a new, 46,000-square-foot location at Somerville Circle Shopping Center in Raritan, NJ in Spring 2020. The… Read more
CushWake Advises Ownership on $125M Refi for Lake Success Offices
Cushman & Wakefield advised Rockpoint Group and CLK Properties in obtaining a $125-million refinancing on 1981 and 1983 Marcus Ave.,… Read more
Knoll Upsizes Office and Showroom Space at 1330 Sixth
Office design firm Knoll has renewed and expanded its showroom and office space for a total of 60,000 square feet… Read more
Apple Bank Reopens in Coney Island at Neptune/Sixth
Apple Bank, which specializes in consumer and small business banking services, has officially reopened its Coney Island branch in a… Read more
Beacon Capital Under Contract for Tishman Speyer Tower
Beacon Capital Partners is under contract to pay around $230 million for the 40-story office tower at 190 S. LaSalle… Read more
Chelsea Multifamily Comes to Market with Air Rights
The tri-state investment sales group for Avison Young is marketing for sale a four-story, 7,867-square-foot mixed-use multifamily property at 304… Read more
Fairstead Affordable Picks Up Central Harlem Portfolio
Fairstead Affordable purchased Harlen Housing, a two-building affordable housing portfolio in Central Harlem, for $75.5 million. The buyer has committed… Read more
Columbia REIT Makes Deal for Normandy Platform
Columbia Property Trust has signed a definitive agreement to acquire owner-developer Normandy Real Estate Management. Columbia will acquire Normandy’s operating… Read more
Morgan Properties’ Jason Morgan: “No Better Asset Class” Than Workforce Multifamily
Among the secrets of success in commercial real estate investment is finding a vehicle that works. In the case of… Read more
Pebb Trades Student Housing Near U. of Kansas
Pebb Capital completed the sale of The Rockland in Lawrence, KS, near the University of Kansas, to NB Private Capital… Read more
Stan Johnson Co. Arranges Sale of 375K-SF Industrial Facility in Ocala
Net lease brokerage firm Stan Johnson Co. arranged the sale of a 375,600-square-foot industrial manufacturing, distribution and headquarters facility in… Read more