New York
Atlanta & O-Zones: Coldwell Banker Commercial Talks to Invest Atlanta’s Edward Smith
Opportunity Zone development is starting to pop up all over the place. Atlanta has 26 designated Opportunity Zones (there are… Read more
Blackstone Eyes 11-Warehouse Deal Near JFK Airport
The Blackstone Group is negotiating to purchase a portfolio of 11 warehouse buildings near JFK Airport. Ranging in size from 6,000 to almost… Read more
Capital-Raising Veteran Psome Joins Northstar Commercial
Northstar Commercial Partners hired Jason Psome as the company’s new managing director of institutional equity. He’ll be based out of the… Read more
Safehold Reaches $620M Deal for Ground Lease on 425 Park
Ground-lease REIT Safehold Inc. said Monday it had signed a contract to acquire the existing ground lease at 425 Park Ave.… Read more
BK, Queens Projects Among MRC’s $1.3B in YTD Deals
Major projects in Brooklyn and Queens were among the beneficiaries of the more than $1.3 billion in financings and note… Read more
Outpost Club Takes Over Co-living Listings from Bedly
Co-living operator Bedly, which reportedly ceased operations abruptly late last month, has reached an operational management agreement with Brooklyn-based Outpost… Read more
Nonprofit CFE Fund Expands at EQ Office’s 44 Wall
EQ Office finalized an agreement with the Cities for Financial Empowerment (CFE) Fund, which will expand its total footprint at 44 Wall… Read more
CBRE’s Patrick Sentner Shares Ways SIOR Helps Members Stay a Step Ahead of Competition
By Patrick J. Sentner, SIOR 2019 Global Vice President Q: How is the office market changing across the country? What… Read more
Marx Scores $140M Refi for 10 Grand Central
Marx Realty secured a $140-million loan to refinance its 10 Grand Central office tower at 155 E. 44th St. MetLife originated the… Read more
Commercial Real Estate’s Fastest-Growing Media Company Signs Leases on Both Coasts
Connect Media has signed leases in New York and Los Angeles, and secured office space in Atlanta at co-working provider… Read more
Cresa’s Pirot Oversees “Forward-Thinking” Build-out for Fragomen
Cresa’s James A. Pirot and his team have coordinated the build-out of the new 107,000-square-foot offices at Empire State Realty… Read more
Meridian’s Famularo Brings Citizens Coffee to Bleecker
Meridian Retail Leasing, the retail leasing division of Meridian Capital Group, has arranged a long-term lease for Citizens Coffee in… Read more
MRI Software Expands Platform Through Acquisitions
Proptech pioneer MRI Software, headquartered in Solon, OH, has expanded its platform with two acquisitions. MRI acquired Leverton, an AI-powered… Read more
Northern Manhattan Investment Sales Hold Steady for All But Apartments
Northern Manhattan’s investment property market was steady for development sites and commercial buildings in the first half of 2019. However,… Read more
JLL Team Markets Ground-Floor Retail Condos in LIC
JLL Capital Markets has been selected by SK Development to market 14,732 square feet of flagship retail at the base… Read more
Apartment Turnover Rate Continues to Fall; Lowest in Two Decades
New research by Los Angeles-based CBRE shows multifamily turnover, the percentage of total rented units not renewed each year, fell… Read more
Ski Lodge-Inspired Seniors Community Unveiled in Mercer Island
Bellevue-headquartered Aegis Living opened its latest senior assisted-living community in Mercer Island, WA. Inspired by a Lake Placid ski lodge,… Read more
City Launches Marketing Campaign Touting Jamaica’s Growth
New York City Economic Development Corporation (NYCEDC) and the Jamaica NOW Leadership Council launched a citywide, 13-week long marketing campaign… Read more
Ulta Beauty Gets Herald Square Storefront via SL Green
SL Green Realty Corp. has signed beauty retailer Ulta Beauty to a 12,040-square-foot lease at 2 Herald Square. The REIT… Read more