New York
Fabrication Studio Will Triple Space in Move to Navy Yard
Bednark Studio will occupy 62,000 square feet at the Brooklyn Navy Yard’s Green Manufacturing Center, tripling the size of its current… Read more
Lenox Hill Hospital Will Add Multifamily in $2B Renovation Plan
Northwell Health’s flagship Manhattan facility, Lenox Hill Hospital on the Upper East Side, will undergo a reported $2-billion renovation under… Read more
CRE Firms Go Toe to Toe with a Prized Tenant: WeWork
WeWork and other shared-space providers have presented commercial real estate’s major players—from landlords to service firms—with both a boon and… Read more
Cantor Fitzgerald, Silverstein Plan Opportunity Zone JV
New York-based Cantor Fitzgerald, L.P., and Silverstein Properties formed a joint venture focused on acquiring and developing real estate projects… Read more
Buying Far Outweighs Building in Manhattan
For sheer dollar volume, Manhattan led all U.S. markets in total capital commitments with greater than $50 billion last year,… Read more
HanesBrands Takes Additional Floor at Sapir’s 260 Madison
Apparel manufacturer HanesBrands Inc. has expanded its presence at the Sapir Organization’s 260 Madison Ave., where it will now occupy… Read more
Drive Shack Tees Up Headquarters Lease in Chelsea
Columbia Property Trust (CXP) has finalized a long-term lease with Drive Shack for the last available floor at 218 W.… Read more
HFF Secures JV Financing for Alloy’s Fifth DUMBO Project
HFF has secured joint venture equity and construction financing for the development of 168 Plymouth St., a 46-unit boutique condominium conversion… Read more
Lightstone Snaps Up Mott Haven Parcels for Cash
Lightstone wasted no time in snapping up a pair of development sites in the South Bronx’s Mott Haven neighborhood, the… Read more
Euro Properties Exits Stake in East 59th Street Site
Hong Kong-based Euro Properties has sold its managing stake in the development site at 118 E. 59th St. The buyer is a… Read more
McCaffery’s Twelve01West Delivered to Fulton Market
Twelve01West, McCaffery Interests’ Class A office development in the Fulton Market District, is substantially complete, general contractor W.E. O’Neil Construction… Read more
NorthMarq Arranges Refis on LI Industrial, Bronx MOB
The Long Island and New York City offices of NorthMarq recently collaborated to arrange $15.1 million in financing for three industrial properties… Read more
Office/Retail Build in Harlem Hits the Market
A newly-constructed office and retail property at 286 Lenox Ave. in Harlem is coming to market via Avison Young. The asking… Read more
Compound Launches Cityfund with 49% Stake in Downtown Apartments
Compound Asset Management has launched an investment product, Cityfund, with a quartet of downtown residential properties as its first acquisition.… Read more
JLL Markets Gowanus Development Site
EcoRise Development has hired JLL to market a development site containing 514 Union, 469 President St. and 473 President St,… Read more
NYC’s Life Sciences Industry on Steep Growth Trajectory
New York City’s supply of lab space for life sciences is expected to double over the next two years from… Read more
Appetite for Food Halls Fuels Retail Sector
By Dennis Kaiser A recently-redeveloped retail center and curated market food hall is up for sale in Irvine, CA. The… Read more
Berkadia Launches Structured Capital Group
New York-based Berkadia acquired Central Park Capital Partners (CPCP), a boutique real estate capital advisory firm that focuses on arranging… Read more
North Bronx Multifamily Trades with “Tremendous Rental Upside”
Meridian Capital Group’s Meridian Investment Sales division has arranged the sale of 215 E. 197th St., a multifamily property in… Read more