New York
DivcoWest Closes on 540 Madison Buy from BXP
DivcoWest closed on its purchase of 540 Madison Ave., a 39-story Plaza District office tower. The company didn’t disclose terms… Read more
NYC Growth Outpaces U.S. GDP Gains
The news is mostly good for New York City’s economy generally, and commercial real estate especially, in City Comptroller Scott… Read more
Covered Land Play Opportunity Comes to Market in Norwood
Cushman & Wakefield has been retained to market for sale 3083 Webster Ave., an 84,000-square-foot development site in the Norwood… Read more
Iowa Industrial Portfolio Trades to NY Investor
Stan Johnson Company (SJC) completed the sale of a four-building industrial portfolio across three rural Iowa markets. The firm’s Rob Gemerchak and… Read more
Helmsley Spear Brings New Restaurant Concept to FiDi
Helmsley Spear brokered a new retail lease with restaurant and brewery MezCali at 83 Maiden Ln. in the Financial District.… Read more
Queens’ Tallest Condo Tower Banks $220M Ahead of Sales Push
Sales are officially underway at Skyline Tower, the city’s tallest building outside Manhattan. Brokerage firm Modern Spaces has sold $223 million worth… Read more
Manhattan, Bay Area Run Neck and Neck in YTD Office Sales
Although Manhattan has led the way year-to-date in office investment sales, the Bay Area’s total lags by only $34 million,… Read more
CushWake Retained to Lease 11 Times Square Retail
Cushman & Wakefield has been retained to spearhead retail leasing at SJP Properties’ 11 Times Square, with a focus on… Read more
Meridian Tapped for Court-Ordered Sale of Hamptons Condo Project
Meridian Investment Sales has been exclusively appointed by the debtor to sell a substantially completed waterfront condominium project in the Town… Read more
Vacant Payless ShoeSource Will Become Supermarket for Washington Hts.
Avison Young arranged a new 15-year, 3,200-square-foot retail lease for an affiliate of Associated Supermarket at 3805 Broadway in Washington Heights. Formerly a Payless ShoeSource, the space will… Read more
City Breaks Ground on Union Square Tech Hub
New York City Economic Development Corporation and RAL Development Services broke ground on the new 21-story building that will house… Read more
Facebook Nears Mega-Lease at Hudson Yards
Add Facebook to the roster of tech giants looking to dramatically step up their New York City presence. It’s negotiating… Read more
Group RMC Acquires 1M-SF Building Portfolio
Group RMC acquired a nine-building office portfolio in Tulsa, OK. The New York buyer struck the deal for eight of… Read more
NY Times Co. Takes Three Full Floors in LIC
The New York Times Company has signed a 15-year lease for three full floors at Court Square Place in Long Island City, encompassing 57,846… Read more
Barneys Seeks Buyer in Chapter 11 Filing; Will Close Most Stores
Luxury retailer Barneys New York said Tuesday it had filed for Chapter 11 reorganization at U.S. Bankruptcy Court in Manhattan.… Read more
Avison Young’s Nelson Team Markets Retail Condos in FiDi
Avison Young’s Tri-State Investment Sales Group is marketing two retail condominiums totaling 7,733 square feet on two floors at 90… Read more
BankNote Building’s Owners Sell the Land Under It
Savills Capital Markets represented Lafayette Avenue LLC in the sale of the land underlying the historic BankNote Building in the South… Read more
Boston Properties Claims Waltham Office Park for $100M+
Boston Properties acquired Waltham Woods Corporate Center, a 392,000-square-foot suburban office park in Waltham. The sales price was reported by… Read more
Investment Manager Brings Hudson Commons to 65% Pre-Leased
Brevet Capital Management signed a lease for 16,178 square feet at Cove Property Group’s Hudson Commons on Manhattan’s Far West… Read more