New York
JLL Closes Gowanus O-Zone Sale Above Asking Price
JLL Capital Markets completed the sale of 514 Union, 469 President St. and 473 President St. for EcoRise Development LLC.… Read more
Woodmont Industrial Makes Buy on LI’s South Shore
Woodmont Industrial Partners recently acquired 100 Precision Dr. in Shirley, NY, on Long Island’s South Shore. Pricing wasn’t disclosed. The… Read more
Construction Employment Rises, Spending Slows
Even as New York and all but one of the other top 19 markets saw year-over-year gains in construction employment,… Read more
Extell Tops Out on Billionaires’ Row Condo Tower
Extell Development Company’s Central Park Tower on West 57th Street’s “Billionaires’ Row” has topped out. At 1,550 feet in height,… Read more
Gotham to Develop New CPC HQ, Resi on Lower East Side
The Chinese-American Planning Council (CPC) and the Gotham Organization have moved forward with plans to build a new 40,000-square-foot headquarters… Read more
A New Concern for Multifamily: Flooding
As if owners of apartment complexes, townhomes and condominiums didn’t have enough on their plates to worry about, now comes… Read more
Yardi: Rent Growth Healthy in Every Major Market
Yardi Matrix’ August 2019 report pointed to one issue: The multifamily sector continues to perform exceedingly well, across nearly all… Read more
Avison Team Markets $200M Portfolio in North Brooklyn
Avison Young’s tri-state investment sales group is marketing the North Brooklyn Luxury 8 portfolio, comprised of eight boutique luxury apartment… Read more
Hackensack U. Medical Center Launches $714M Expansion
Hackensack Meridian Health’s Hackensack University Medical Center recently broke ground on a $714-million expansion. The nine-story, 530,000-square-foot patient pavilion in Hackensack, NJ… Read more
L&L, Normandy Unveil Plans for Terminal Warehouse Revamp
L&L Holding and Normandy Real Estate Partners released new renderings and a teaser website related to their restoration and redevelopment plan for the… Read more
RPA Urges “Fair and Effective” Congestion Pricing Plan for NYC
As New York State prepares to implement the nation’s first congestion pricing program by Jan. 1, 2021, the Regional Plan… Read more
PKF Hotel Consultancy Establishes U.S. Office in New York
The PKF hotelexperts group, a global hospitality consulting company within the PKF International group, has established its U.S. headquarters in… Read more
SL Green’s Supertall One Vanderbilt Tops Out
Navillus Contracting wrapped up work on SL Green Realty Corporation’s One Vanderbilt by topping out the concrete superstructure for the… Read more
WeWork Puts Planned IPO on Hold
WeWork parent the We Company has postponed its initial public offering, which was targeted for later this month. The Wall… Read more
National Opportunity Zones Academy Launches in Five Cities
The Rockefeller Foundation and Smart Growth America (SGA) joined forces to launch the National Opportunity Zones Academy. The academy, which… Read more
Drybar’s Webb Reveals Secrets to Launching a Concept that Explodes
Connect Media joined more than 3,000 attendees at ICSC’s 2019 Western Conference and Deal Making confab that kicked-off this week… Read more
Escape from L.A. & N.Y.: Renters Seek Lower Prices
Rising rents are leading people considering a relocation to a different metro area to increasingly search for homes and apartments… Read more
Lightstone Delivers Refi for Santa Monica MFs
New York-based Lightstone Capital provided a $44 million senior loan to WS Communities to refinance two multifamily development sites in… Read more
Business Confidence Dips in NY Fed’s Latest Empire State Survey
Businesses across New York State were somewhat less likely to report improving conditions in the latest Empire State Manufacturing Survey… Read more