New York
SAFE Enters San Antonio, Acquires Hotel Valencia Ground Lease
Safety Income & Growth Inc. (SAFE), a company focused solely on ground leases, acquired an existing one on the Hotel… Read more
FIRE Tenants Drive Q4 Leasing Surge
The FIRE (financial, insurance, real estate) sector drove a fourth-quarter surge in Manhattan office leasing, Transwestern says. Q4’s leasing activity… Read more
Upper East Side Townhouse Market Sees Volume Drop
The Upper East Side’s loss is Downtown’s gain. Stribling & Associates’ report on the townhouse market in the second half… Read more
The Crowded, Competitive Co-Working Sector
Mention the term co-working, and the first thought that might come to mind is WeWork. However, dig beneath the news… Read more
CushWake Advises BRP in Jamaica Parcel Financing
Cushman & Wakefield advised BRP Companies in procuring $15 million in acquisition financing for 90-02 168th St., a development site in Jamaica, Queens. The interest-only financing… Read more
Missoni Moves Down Madison to Thor Equities Space
Thor Equities Group has leased 3,800 square feet of prime retail space at 680 Madison Ave. to Missoni, which is relocating from… Read more
George Smith Partners Opens NYC Office, Run by Industry Veteran Steffelin
George Smith Partners (GSP) has launched a New York City office, to be overseen by industry veteran Ed Steffelin (pictured).… Read more
Greystone Provides HUD Financing on Long Island SNF
Greystone has provided $78.5 million in HUD-insured financing on a skilled nursing facility complex in the Long Island community of… Read more
Fertility Clinic Expands to 75K SF at 4 Columbus Circle
New Hope Fertility Center, an award-winning medical practice founded by Dr. John Zhang, signed a 74,505-square-foot, 15-year office renewal and… Read more
Triple-Digit Office Rents Broaden Their Base
Manhattan’s $100-plus club—office leases with starting rents of $100 or more per square foot—grew larger last year. JLL reported that… Read more
Chase’s Kurt Stuart: NY Multifamily Outlook, Lending Perspective and Technology Impact
By Dennis Kaiser Connect Media recently got together with Kurt Stuart, area manager for the Northeast Region, including New York,… Read more
NYC Ferry Will Expand to All Five Boroughs in 2020
The de Blasio administration announced an expansion of NYC Ferry service to all five boroughs in 2020. The expansion includes… Read more
“The Year of Very Large Leases”
With 11 deals greater than 250,000 square feet in Manhattan over the past 12 months, “This was the year of… Read more
Vanbarton Group Inks Quartet of Leases at 31 Penn Plaza
Vanbarton Group completed four long-term leases, totaling 117,795 square feet, at 31 Penn Plaza, located at 132 W. 31st St.… Read more
Bronx Leads the Boroughs in Resi Price Gains
The Bronx led the boroughs for residential price gains in the fourth quarter of 2018, with a 12% year-over-year increase,… Read more
South Williamsburg Deal is Buyer’s First Foray into Luxury Rental
Hodges Ward Elliott (HWE) has arranged the sale of 424 Bedford Ave. in Brooklyn’s South Williamsburg neighborhood, where it’s the… Read more
Tishman Speyer Makes Entry into Fulton Market District
Tishman Speyer is reportedly making its first foray into the Fulton Market District, via a joint venture with veteran local… Read more
Bridgeport MXU Trio Trades to Time Equities
HFF recently arranged the $21.7-million sale of three mixed-use properties in downtown Bridgeport, CT to New York-based Time Equities Inc.… Read more
Bronx Post Office Revamp Changing Hands
Bronx Post Place, the redevelopment of the historic post office at 558 Grand Concourse, is reportedly trading to a partnership… Read more