New York
ASB Trades 400 Madison to Daishin for $195M
ASB Real Estate Investments has sold 400 Madison Ave., a landmarked 180,000-square-foot Midtown East office building, for $194.5 million to… Read more
LaGuardia, JFK Getting Free Wi-fi At Last
Travelers to and from the region’s airports, including LaGuardia and John F. Kennedy in Queens, will now have free unlimited… Read more
L&L, Normandy Close on $880M Terminal Stores Deal
A joint venture of L&L Holding Company, Normandy Real Estate Partners and an institutional investor advised by J.P. Morgan Asset… Read more
NKF Integrates ARA Newmark, Berkeley Point Capital into Unified Brand
New York-based NKF united its dedicated multifamily real estate services businesses under the Newmark Knight Frank brand. ARA, A Newmark… Read more
Law Firm Re-Ups, Expands at Graybar Building
Business law firm Cohen, Tauber, Spievack & Wagner has stayed on at SL Green Realty Corp.’s 420 Lexington Ave., also… Read more
JV Closes on $158M Buy of UWS Site
A joint venture between Korea-based Daishin Securities Co. and Alchemy Properties has closed on its $158-million purchase of an Upper… Read more
First City-Funded VR/AR Lab Comes to Navy Yard
RLab, reportedly the first city-funded virtual and augmented reality (VR/AR) lab in the country, has launched at the Brooklyn Navy… Read more
Finding a New Healthcare Purpose for Obsolete MOBs & Shuttered Hospitals
Connect Healthcare had the pleasure of speaking with John S. Wadsworth, a senior vice president with Colliers’ healthcare services group.… Read more
$12 Billion Capital Surplus for U.S. Commercial Real Estate
More capital crossed U.S. borders in both directions during H1 2018, with foreign inflow up by 29% from H1 2017… Read more
Record Building-Boom Continues in New York City
The New York Building Congress reports New York City is in the midst of its second and most robust building… Read more
Dental Clinic for Walk-Ins Opening in Astoria
MediDental Care, described as a new concept of dental care geared to walk-in clients, is opening its first location at… Read more
WeWork Signs Full-Building Deal with CXP
WeWork has leased up the entire 115,000-square-foot office portion of Columbia Property Trust’s (CXP) 149 Madison Ave. The REIT will… Read more
Kimmerle Expands Healthcare Practice with New Hire
Architecture, design and consulting firm Kimmerle Group has hired Michael Azarian as managing director of its Health Care Studio. Azarian… Read more
CushWake Advises Church on Student Housing SLB
Cushman & Wakefield advised The Riverside Church on its recent acquisition, leaseback and financing of McGiffert Hall at 97-101 Claremont… Read more
Midblock Hell’s Kitchen Parcel Trades for $4.65M
A Hell’s Kitchen development site that’s destined to hold residential condominiums has changed hands in a sale arranged by Cushman… Read more
Downtown BK Site Will Become Premier Commercial Space
GFI Realty Services has finalized the $14.8-million sale of 275 Livingston St. (23-25 Hanover Pl.), a development site in the… Read more
Northern Manhattan’s Apt. Market Slips in Q3
Amid a citywide apartment market that performed well during the third quarter, Northern Manhattan struggled, according to Ariel Property Advisors.… Read more
Development Success Means “Timing, Basis, Execution”
By Paul Bubny Two developers with decades of experience and different positions in the marketplace. One is a boutique shop… Read more
Green Street: Office Sector Faces Headwinds
One of the biggest headwinds for operating fundamentals this cycle for the office sector has been densification, or increased utilization… Read more