New York
New York Hotel Occupancy Rises But Investment Sales Decline
New York City’s hotel occupancy rate climbed 120 basis points in 2017, well ahead of the 40-bp increase statewide, according… Read more
Vornado Sees ‘Handshake’ Deal to Sell 666 Fifth Stake
Vornado Realty Trust’s chairman said Friday the REIT has reached a tentative agreement to exit its 49.5% stake in 666… Read more
Nespresso Brews Up Deal for New Midtown HQ
Nestle’s Nespresso unit is relocating its North American headquarters to 41,800 square feet at Empire State Realty Trust’s 111 W.… Read more
Kushner Cos. Snaps Up Hackensack Apartments
Kushner Companies has acquired Prospect Place, a two-building, 360-unit multifamily complex in Hackensack, NJ. Seller and sale price weren’t divulged… Read more
MTA’s Lhota: ‘Hold Us Accountable’ on Subway Overhaul
Metropolitan Transportation Authority chairman Joe Lhota charted the authority’s progress in addressing near-term and long-term issues with New York City’s… Read more
Affinia Hotels Get New Name; Upper East Side Property Gets Redesign
Denihan Hospitality has rebranded its Gardens NYC all-suite hotel on the Upper East Side as Gardens Suites Hotel by Affinia,… Read more
Berkadia Secures $200M Loan for Brooklyn DA’s Office Condo
Berkadia’s Mark Vogel and Dan Geuther have arranged $198.3-million financing for an office condominium within Brooklyn Renaissance Plaza, a 1.4-million-square-foot… Read more
Chicago Stock Exchange Sold to NY Exchange’s Parent
Intercontinental Exchange (ICE), parent organization of the New York Stock Exchange, has agreed to acquire the Chicago Stock Exchange (CHX),… Read more
Colliers Adds to Platform with Coldwell Banker Commercial Advisors Deal
The operations of Coldwell Banker Commercial Advisors have been acquired by Colliers International and First Capital in two separate transactions.… Read more
Dual-Branded Hotel is NY State’s First Tru by Hilton
Emerald Hospitality Associates has opened its first dual-branded hotel, the Home2 Suites & Tru by Hilton, Williamsville Buffalo Airport in… Read more
South Bronx Resi Project Sells to Brookfield
Brookfield is acquiring a 1.3-million-square-foot residential project on the South Bronx waterfront for roughly $165 million. A spokesman for Cushman… Read more
CushWake Hired for Sale of Western Queens Parcels
Cushman & Wakefield has been retained on an exclusive basis to arrange the sale of two adjacent development sites located… Read more
San Antonio: We’re No. 6! In Solar
An analysis issued by Environment America has placed San Antonio No. 6 for installed solar capacity in the United States.… Read more
2017 Construction Starts Valued at $38B, Says Building Congress
Private and public construction that got underway across the five boroughs in 2017 ultimately will reach $38 billion in value,… Read more
Pricing Drops Year Over Year for Manhattan’s Co-ops and Condos
The median first-quarter price of for-sale apartments in Manhattan, including co-op and condominium units, slipped by 1.3% from a year… Read more
Small-Format Target Coming to Kimco’s Staten Island Portfolio
Kimco Realty Corp. has signed a lease with Target for a 46,000-square-foot, small-format store at Forest Avenue Plaza in Staten… Read more
CushWake Arranges 3 Office Deals at 2 Park
Cushman & Wakefield has completed three transactions on behalf of 2 Park Ave.’s ownership, totaling approximately 45,000 square feet. The… Read more
JSN Brings Tribeca Office Condo to Market
JSN Properties has been retained to sell a high-end office condominium at 81 Walker St. in Lower Manhattan’s Tribeca neighborhood… Read more
Hunter’s Point Cardinal Building Acquired, Preps for Reimaging
The Kaufman Organization acquired the Cardinal Building, a 65,000-square-foot property in Long Island City’s Hunter’s Point neighborhood, via a 99-year ground lease. The… Read more