New York
Paramount Leases 5 Floors to McGraw-Hill Education
Paramount Group Inc. said it has signed McGraw-Hill Global Education Holdings to 136,176 square feet at its 1325 Ave. of… Read more
20 Times Square JV Dissolves in $1.5B Buyout
Winthrop Realty Liquidating Trust has closed on the sale of 701 Seventh Ave., a mixed-use project also known as 20… Read more
Brookfield & Lendlease on Buying & Selling in Today’s Market
Connect New York featured some of the city’s heaviest hitters in development, investment, brokerage and other sectors. Two of them,… Read more
Ellen Rudin to Oversee CBRE’s Northeast Retail Line
CBRE has promoted Ellen Rudin (pictured) to the new position of senior managing director of retail for the company’s Northeast… Read more
Effective Office Rents Drop in Major Cities, But Not in California
Fueled by extensive new construction underway and large quantities of older space flooding the office market, U.S. landlords in major… Read more
CushWake Marketing Waterfront Brooklyn Parcel for ConEd
Cushman & Wakefield is marketing a waterfront development site in Brooklyn’s Williamsburg neighborhood. The seller is utility company Consolidated Edison… Read more
Latham & Watkins Heads West to Sixth Ave.
Latham & Watkins is relocating its New York offices to the Rockefeller Group’s 1271 Ave. of the Americas. Currently located… Read more
Bronx Apartment Sales Power Up in Q1
The multifamily sales numbers posted for Manhattan and Brooklyn led the rankings in Ariel Property Advisors’ first-quarter roundup, and Northern… Read more
Denver-Area MF Trades for $39M
Ranch at Bear Creek, a 201-unit apartment community in Lakewood, CO, has sold for $38.5 million. HFF marketed the asset exclusively on… Read more
CBD Office Landlords’ Rent Gains Tapering
Office occupiers in Chicago’s CBD showed continued willingness in 2017 to pay record rent for quality space, according to Savills… Read more
Brooklyn Waterfront Project Scores $411M in Debt and Equity
Meridian Capital Group has arranged $411 million in construction financing and joint-venture equity for Pier 6 at Brooklyn Bridge, the… Read more
HNA, SL Green Reportedly Talk Deal for 245 Park
HNA Group is reportedly discussing a sale of 245 Park Ave. to SL Green Realty Corp., which is developing One… Read more
BBG Elevates DiPietra to Managing Director in NY Office
Valuation advisory firm BBG has promoted director Jon DiPietra (pictured) to managing director of the New York office. With a… Read more
Prologis Acquiring DCT Industrial Trust for $8.4 Billion
San Francisco-based Prologis, Inc. is acquiring DCT Industrial Trust Inc. for $8.4 billion in a stock-for-stock transaction. The boards of… Read more
State Issues RFPs for 2,000-Plus Affordable Units in Brooklyn
Gov. Andrew Cuomo has announced five RFPs to construct approximately 2,300 affordable homes on parcels of land controlled by the… Read more
Planning Commission Weighs Limits on New Hotel Builds
New York City’s Planning Commission is considering a proposal to limit hotel development in districts zoned for light manufacturing by… Read more
$65M First Mortgage Fuels Buy of Astoria Development Site
Eastern Consolidated has arranged a $65-million first mortgage to finance the acquisition of a block-through waterfront development site in the… Read more
Mortgage REITs Two Harbors, CYS in M&A Deal
Mortgage REITs Two Harbors Investment Corp. and CYS Investments, both headquartered in New York, have agreed to a stock-for-stock merger… Read more
Bilingual School Lyceum Kennedy Renews at 815 Second
International school Lyceum Kennedy, which serves both the French-American and Japanese-American student communities in New York, will remain at 815… Read more