New York
Stalled Conversion of Maritime Battery Bldg. Gets a Lifeline
Midtown Equities is expected to take a 30% equity interest in the unfinished conversion of the Battery Maritime Building into… Read more
NYC Office Landlords Have a Plan for Shrinking Carbon Footprints
New York City’s top landlords have committed to reducing their carbon footprints via Urban Green Council’s 80×50 Buildings Partnership. The… Read more
WeWork Takes 260K SF at TH Real Estate’s 21 Penn Plaza
TH Real Estate, an affiliate of Nuveen, the investment management arm of TIAA, leased 258,344 square feet at 368 Ninth Ave.… Read more
Ariel Markets Trio of Sites in Bushwick, Brighton Beach
Ariel Property Advisors has been exclusively retained to sell 29 Locust St. and 102 Wyckoff Ave. (pictured), a mixed-use building… Read more
Industrious Doubles Chicago Workspace Footprint with Assemble Deal
Workspace provider Industrious, headquartered in New York City, has acquired locally based Assemble. The deal will include 42,000 square feet… Read more
Avison NYC Adds 3 to Investment Sales Team
Avison Young’s New York City investment sales group, led by James Nelson (pictured), has added three new hires. Frederick Richter… Read more
Marcus Enters JV with Dalan on NoMad Offices
Marcus Partners has acquired two adjacent Midtown South properties at 10-12 E. 33rd St. from Dalan Management, which will partner… Read more
Bronx Gets Ferry Service After 80-Year Hiatus
Ferry service has returned to the Bronx for the first time since the 1930s, with the debut of service between… Read more
CushWake, CBRE Team Up on LI Apartment Sale
Cushman & Wakefield and CBRE have arranged the $15.55-million sale of The Cornerstone Farmingdale, a 42-unit, newly-constructed apartment community in… Read more
Chicago’s Homebuilding Rate is Among the Lowest
If Chicago-area homebuilders maintained the same pace as they did between 1985 and 2000, the Chicago area would have about… Read more
OC Development Management Bolsters Executive Team
OC Development Management has bolstered its professional team with the addition of two new hires and the promotion of two… Read more
Vornado Lands $120M Refi on Union Sq. Retail
Vornado Realty Trust has completed a $120-million refinancing of 4 Union Square South, a 206,000-square-foot Manhattan retail property. The interest-only… Read more
Apollo Expands Footprint at Solow Building
With Apollo Global Management’s fee-related earnings jumping by 40% in a 12-month period, the private equity giant needed more headquarters… Read more
NYC Unemployment at Historic Lows, Economy Lags U.S.
City Comptroller Scott Stringer’s report on the city’s economy offers a mixed outlook. On the one hand, the report finds… Read more
JP Morgan Provides $60M Debt for Clinton Hill Development
Slate Property Group has obtained a $60-million loan from JP Morgan Asset Management to recapitalize 325 Lafayette Ave., a luxury… Read more
Aries Conlon Rebrands to Mag Mile Capital
Aries Conlon Capital is rebranding to Mag Mile Capital and relocating its headquarters to Willis Tower. CEO Rushi Shah (pictured)… Read more
Kathy Thurston Joins PGIM from CIBC
PGIM expanded its real estate debt strategies platform with the addition of Kathy Thurston as an executive director and assistant… Read more
Lee NYC Branches Out into Residential
Lee & Associates NYC is branching out into residential space with the addition of Lee & Associates Residential NYC. Joel… Read more
NKF Nabs 600 Lex Leasing Assignment
NKF has been appointed by Property Group Partners (PGP) to market the office space at 600 Lexington Ave. A team… Read more