New York
Tribeca is Now NYC’s Wealthiest Neighborhood
In spite of hedge fund billionaire Ken Griffin plunking down $238 million to live there, the city’s wealthiest zip code… Read more
Planning The Unexpected Merchandising Mix
By Dennis Kaiser Incubator retailing, specialization, flash retail, or inspired marketplaces are quickly evolving into a growing norm that centers… Read more
Saban Sells 14-Office Portfolio for $430M, Adds DC Asset for $170M
An affiliate of Los Angeles-based Saban Real Estate reportedly completed the sale of a 14-property office portfolio to Washington, D.C.-based… Read more
LES Mixed-Use Properties Come to Market
The tri-state investment sales group for Avison Young has gotten the assignment to sell two mixed-use properties on the Lower… Read more
Industry City’s Owners Seek Rezoning
A partnership of Jamestown, Belvedere Capital and Angelo, Gordon & Co. has filed a rezoning application with the Department of… Read more
Carlyle Group Adds a Floor to One Vanderbilt Occupancy
The Carlyle Group has expanded its 15-year lease to occupy an additional 32,592 square feet covering the entire 35th floor at SL Green… Read more
Construction Launches on Bronx Affordable Seniors Complex
Construction has begun on Arthur Avenue Apartments, a $91-million affordable seniors housing development in the Belmont section of the Bronx.… Read more
Vornado Exits Stakes in Lexington, Urban Edge
Vornado Realty Trust (VNO) has sold off its shares in two REITs, including the one that it spun off from… Read more
Safehold Facilitates Ground Lease Deals with Admiral Capital
A little more than two weeks after Admiral Capital announced the acquisition of two Class A office buildings in the… Read more
Seven-Property, Nearly 1,500-Unit NY MF Portfolio Trades for $473M
Melville, NY-based Fairfield Properties acquired a seven-property portfolio in New York’s Nassau and Suffolk Counties for $472.5 million. FCP partnered… Read more
Lenox Hill Residential Trades in 1031 Exchange
A trio of Lenox Hill residential buildings totaling 72 units has traded for $35.5 million in a 1031 exchange to… Read more
JLL Brings in Practice Lead for Healthcare Projects
JLL has expanded its Project and Development Services (PDS) group with the addition of Michael A. Passaro as SVP and… Read more
Cuomo, Civic Leaders Ask Amazon to Reconsider
New York Gov. Andrew Cuomo reportedly has been working behind the scenes in hopes of persuading Amazon to reconsider its… Read more
CushWake Markets Three Astoria Parcels with Approved Plans
Cushman & Wakefield has been retained to arrange the sale of three properties located in Queens’ Astoria neighborhood, all with fully-approved development… Read more
CIM Sells Gilman Hall Tower, Retains Adjacent Parcels
CIM Group has sold Gilman Hall Tower, a former medical resident housing facility at the corner of 17th Street and… Read more
Amazon Changes Mind About 720K-SF Rainier Square Lease in Seattle
Amazon.com Inc. is rethinking a lease in Seattle that played a central role in its head tax battle with the… Read more
Wells Fargo Unit Relocates to Normandy’s 2500 Westchester
Wells Fargo Advisors has signed a 21,294-square-foot lease at Normandy Real Estate Partners’ 2500 Westchester Ave. in White Plains, NY. The… Read more
Avison Team Brings 815 Second to 100% Occupancy
Avison Young has brought 815 Second Ave. to 100% occupancy with a 4,000-square-foot lease for H&D Physical & Occupational Therapy. H&D… Read more
Seniors are NY State’s Fastest-Growing Demographic, Says CUF
Statewide, the population aged 65 and older increased 26% between 2007 and 2017 and represents the Empire State’s fastest-growing demographic,… Read more