New York
CRE at the Intersection of Industrial and Retail
“It is not simply the Amazon-ization of commerce that is causing shifts: shifts in building, shifts in transportation,” said moderator… Read more
City Seeks Overhaul of Freight Distribution
The de Blasio Administration has unveiled Freight NYC, a $100-million plan to overhaul the city’s aging freight distribution systems through… Read more
Millbrook Realty Aims for Lending Growth with New Hire
Millbrook Realty Capital has announced that Uanderson Benedetti has joined the firm as managing director. He’s now responsible for growing… Read more
Simone Adds 7 Tenants to Repositioned Bronx MOB
Simone Development Companies has signed seven leases totaling 26,360 square feet of medical and office space at 34 Marconi St.… Read more
CushWake Arranges Two New Leases at 575 Fifth
Cushman & Wakefield has secured two leases in pre-built space at 575 Fifth Ave. on behalf of the 40-story office… Read more
Exxon Mobil Buys 93 Acres in Baytown
Exxon Mobil acquired 93 acres on Baker Road in Baytown, TX. The land, which comprises two tracts of 55 acres… Read more
Alexandria Acquires Pfizer-Occupied Property in Manhattan for $203M
Pasadena, CA-based Alexandria Real Estate Equities, Inc. acquired 219 East 42nd Street in New York for $203 million. The roughly… Read more
WeWork Adds 185K SF in Chicago, Grows to 8 Locations
New York-based WeWork expanded its footprint in Chicago, adding another 185,000 square feet and boosting its market presence to eight… Read more
Comptroller: Cap Security Deposits at One Month’s Rent
City Comptroller Scott Stringer on Sunday called for capping renters’ security deposits at one month’s rent for a one-year lease,… Read more
Wendy Silverstein Steps Down at New York REIT
Declaring that her job with New York REIT Inc. (NYRT) was now “substantially complete,” Wendy Silverstein has stepped down as… Read more
YTD Midtown Leasing Reaches Third Highest Level on Record
Midtown office leasing for the first half of 2018 totaled 10.1 million square feet, the third highest year-to-date tally on… Read more
Up-and-Coming Luxury Markets
The luxury market is no longer defined solely by price point. With the emergence of technologies and digital connectivity, luxury… Read more
Connect Apartments Transactions Series: Inside the $1-$20M Deals
By Dennis Kaiser Transactions in the $1 million to $20 million range remain the multifamily sectors’ cashflow kings. A group… Read more
Douglas Elliman to Market Supertall West 57th Condos
The developers of 111 W. 57th St., a luxury condominium project that will rise to 1,428 feet when completed, have… Read more
Corporate Housing Firm Blueground Makes NYC Debut
Furnished-apartment provider Blueground has made its U.S. debut, with 100 apartments across some of Manhattan’s choicest neighborhoods, and aggressive expansion… Read more
Colony Claims 1.1M-SF Industrial Portfolio in NJ, MD, TX
Dallas-based Colony Industrial acquired a portfolio of properties in Northern NJ, and added new properties in Baltimore, MD and San… Read more
What’s Driving Uptick in Reverse Commutes?
The trend of living within urban centers is increasing, though it is creating an unexpected situation. According to JLL’s newest… Read more
Walker & Dunlop Structures Refi on Brooklyn Heights MF
Walker & Dunlop has structured a $52.5-million refinance on 153 Remsen, a newly constructed, Class A multifamily property in Brooklyn… Read more
Walmart to Open Jet.com Facility in the Bronx
Although Walmart has yet to open a store under its own name in New York City, it’s about to establish… Read more