New York
$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
Google Opens Pop-Up Shop in Bucktown
Google has opened a new pop-up “hardware store” at 1704 N. Damen Ave. in the North Side’s Bucktown neighborhood. The… Read more
Ceruzzi, Kuafu Top Out UES Condo Tower
Ceruzzi Properties has topped out at 147-151 E. 86th St., its $415-million, 230,000-square- foot mixed-use development in partnership with Kuafu… Read more
Bond Collective Inks Coworking Deals in SoHo, Greenpoint
Coworking firm Bond Collective has branched out into new locations in SoHo and Brooklyn’s Greenpoint neighborhood, with leases totaling nearly… Read more
CushWake Arranges 3 Lease Deals in LIC
Cushman & Wakefield has arranged three new leases at the Lion Match Building, 22-15 43rd Ave. in Long Island City.… Read more
Lee NYC’s James Wacht on a “Very Active” Leasing Market
“We’re seeing a very active market” at present, up significantly by comparison to even six months ago, said New York… Read more
WeWork, Rent The Runway Partner on Dropoff Boxes
Having established itself in the office sector and made inroads into multifamily, WeWork is now tackling retail. The coworking giant… Read more
CREW Network Elects 2019 Board of Directors
Six commercial real estate leaders were elected to the 2019 CREW (Commercial Real Estate Women) Network Board of Directors, which… Read more
SeatGeek Claims 73K SF in NYC’s Flatiron District
SeatGeek signed a new lease for 72,800 square feet of office space at the Rosen family-owned 902 Broadway in Manhattan’s… Read more