New York
Greenland, Brodsky Will Partner on Pacific Park Tower
Greenland Forest City Partners and the Brodsky Organization have formed a joint venture to develop 18 Sixth Ave. at Pacific Park,… Read more
Common’s Brian Lee on Engaging with New Ideas in Multifamily
Co-living is poised to do for residential what co-working and flexible space providers have done for office. Among the leaders… Read more
Hospital for Special Surgery Plans Addition Over FDR Drive
Hospital for Special Surgery (HSS) is going ahead with a $300-million project to add patient rooms and physician offices by building… Read more
Family Foundation Moves to GFP’s Bankers Trust Building
The Esther A. & Joseph Klingenstein Fund, a family foundation which supports independent education, early childhood development and basic neuroscience… Read more
“Political Risks” Cool Investor Appetite for Chicago
Chicago, New York and San Francisco all rank in the top five of global markets in which investors plan to… Read more
Education Tech Tenant Comes to 31 Penn Plaza
Vanbarton Group has completed a seven-year lease, totaling 10,204 square feet, with ExecOnline at 31 Penn Plaza in Midtown South.… Read more
De Blasio: “Classic Glass and Steel” Towers Will Be Banned
Mayor Bill de Blasio has spelled out a $14-billion package of investments and legislation known as New York City’s Green… Read more
MRC Provides Repeat Borrower with First Mortgage on Bushwick Project
Madison Realty Capital (MRC) has closed a $27-million first mortgage loan for the development of a 68-unit mixed-use rental building… Read more
Office Leasing Gains Strength in Fairfield, Westchester
First-quarter office leasing in Westchester County improved by 22.5% compared to the same period last year, says CBRE, while Fairfield County opened… Read more
ON Semiconductor Acquiring Hudson Valley Fab Plant in $720M Deal
Phoenix-based ON Semiconductor is expanding its operations in New York state by purchasing and preserving the existing GlobalFoundries Fab 10… Read more
Compass’ Polsinellis Market East Village Duo
Compass’ Adelaide Polsinelli and Trystan Polsinelli have been hired to market 169 and 171 First Ave. in the East Village. The buildings… Read more
Investors Stay Sidelined Over Prospect of Rent Regulation Changes
Northern Manhattan was hit especially hard by multifamily investor caution during the first quarter, says Ariel Property Advisors. Transaction volume,… Read more
Browning School Takes Full Floor at Hammacher Schlemmer Bldg.
ABS Partners Real Estate has signed the Browning School to a full-floor lease of 4,750 square feet at 140 E. 57th… Read more
NYC Employment Reaches All-Time High
New York City employment reached 4.55 million jobs in 2018, the highest level ever recorded, according State Comptroller Thomas DiNapoli.… Read more
LIC Industrial Goes on the Market for $51M
Cushman & Wakefield is marketing a linear, three-building 117,500-square-foot industrial portfolio in Long Island City for lease and sale. The asking… Read more
REBNY: Building Emissions Bill Falls Short
The New York City Council has passed the Climate Mobilization Act, a package of bills that the council called “one… Read more
Vornado Sells 45% Stake in Midtown Retail Portfolio
Vornado Realty Trust has sold a 45.4% stake in its Upper Fifth Avenue and Times Square retail portfolio to Crown… Read more
Where Retirees Are Headed, and Where They’re Coming From
For decades, it has been a cliché: retirees pulling up stakes from harsher winter climes up north, and living out… Read more
JLL Hotels Adds Capital Markets Veteran Mahl
Michele Mahl has joined JLL Hotels & Hospitality as EVP, based in Manhattan. She was most recently with NKF’s lodging capital markets group,… Read more