New York
Large Trades Prevail as Manhattan Numbers Decline
Manhattan sales transactions totaled $3.7 billion in the third quarter, 28% below the trailing four-quarter average of $5.2 billion, according… Read more
SLB Puts NJ Facility into Institutional Hands
CBRE arranged the sale-leaseback of a 100,000-square-foot industrial facility at 12 Daniel Rd. in Fairfield, NJ. EverWest Real Estate Investors… Read more
Instant Hires Chicago-Based Brady as Americas CEO
Flexible space provider Instant has named CRE veteran Joe Brady as Americas CEO, effective Dec. 2. Brady will lead Americas… Read more
Rockpoint Taps Meet to Run Tenant Club at 1700 Broadway
Rockpoint Group and Rockhill Management partnered with Meet Hospitality Services to launch a private club for the tenants of 1700 Broadway. Totaling more than 12,000 square feet… Read more
Charter School Incubation Space Opens in Mott Haven
Civic Builders has opened New York City’s first public charter school incubation space in the South Bronx’s Mott Haven neighborhood.… Read more
Long-Delayed Tribeca Hotel Project Lands $135M Financing
Development of a luxury hotel at 456 Greenwich St. in Tribeca, long delayed, will resume now that bankruptcy proceedings for… Read more
Shoe Startup Atoms Establishes Brooklyn Navy Yard HQ
Shoe designer and manufacturer Atoms has opened its headquarters in the Brooklyn Navy Yard, following a recent 13,433-square-foot lease signing… Read more
Olshan Breaks Ground on Fourth Hotel at Columbus’ Easton Center
Olshan Properties broke ground on a 136-key Aloft Hotel at Easton Town Center in Columbus, OH. The new Aloft will become Olshan’s… Read more
CBRE Secures Refinancing for 17-Story Nashville MXU Property
CBRE Capital Markets’ Debt & Structured Finance team has arranged a loan to refinance Aertson Midtown, a 17-story mixed-use property… Read more
Hartman Income REIT Snags 254K-SF Office Portfolio
Hartman Income REIT, operating under the name Hartman vREIT XXI Operating Partnership LP, acquired a three-building, value-add Houston office portfolio… Read more
Newly-Enacted Rent Cap Not Expected to Tarnish Golden State’s Apartment Sector
By Dennis Kaiser Rent control took center stage this week in California, with the passing of AB 1482. With that… Read more
Lee NYC Brings Orangetheory to Rockaway Beach
Lee & Associates NYC’s Jaime Schultz and Jeffrey Lopez negotiated a ground-floor, 3,200-square-foot lease at 133 Beach 116th St. in Queens’ Rockaway… Read more
CushWake Markets Parsippany Industrial for Lease
Cushman & Wakefield is launching the marketing for approximately 200,000 square feet of warehouse space at 100 Jefferson Rd. in Parsippany, NJ.… Read more
UWS, Chelsea Affordable Developments Land $119M Financing
JLL arranged financing totaling $119 million on behalf of Atlantic Development Group for 33 West End Apartments and Port 10 Apartments,… Read more
LinkedIn Expands Empire State Bldg. Tenancy to 500K SF
LinkedIn has signed its eighth expansion lease at the Empire State Building, adding three-and-a-half floors and 188,653 square feet to… Read more
Sabal Capital Adds Three Execs in NYC
CRE financial services firm Sabal Capital Partners, LLC added four executives to its team, including three in its Midtown Manhtattan office.… Read more
How Long It Takes to Pay Off a Home in the 50 Biggest Metros
The cost of housing in the U.S. has reached excessive levels in recent years, making owning a home unattainable for… Read more
BEB Leases Port Washington Industrial to Pharma Packaging Firm
BEB Capital leased the entire 57,000-square-foot industrial building at 55 Harbor Park Dr. in Port Washington, NY to The Mekkatti… Read more
O-Zone Site Comes to Market in Bronx’s Belmont Section
Cushman & Wakefield is marketing for sale 773 Grote St., a 23,021-square-foot residential development site in the Bronx’s Belmont section.… Read more