New York
Giglio Named CushWake’s Top Americas Producer for 2017
Cushman & Wakefield has named Executive Managing Director Robert Giglio its top producer for the Americas in 2017. Giglio, who… Read more
Carver Finds New Headquarters Space in Harlem
Having arranged last month’s $19.45-million sale of Carver Federal Savings Bank’s headquarters building on 125th Street, Madison Square Realty has… Read more
Hudson Group Will Operate FAO Schwarz Stores at Airports
Travel retail chain Hudson Group has signed an exclusive agreement with FAO Schwarz to operate FAO Schwarz- and FAO Schweetz-branded… Read more
REBNY: Citywide Investment Sales Retreat Year-Over-Year
Investment sales dollar volume in the second half of 2017 reached $17 billion citywide for non-residential properties, a 37% drop… Read more
City Suspends 421-a Benefits on Non-Compliant Properties
The de Blasio administration has cut off 421-a tax benefits to more than 1,700 property owners citywide who haven’t complied… Read more
MXU Portfolio Trades in Central Harlem
Adam Clayton Powell Cluster, a portfolio of four walk-up apartment buildings and a vacant lot in Central Harlem, has traded… Read more
Eastern Markets Ko-Rec-Type Portfolio in Williamsburg
The ownership of the iconic Ko-Rec-Type brand has tapped Eastern Consolidated to market a portfolio of seven contiguous properties in… Read more
NYCHA Gets Design-Build Authority
As Gov. Cuomo demands action on long-delayed repairs to public housing, the New York City Housing Authority has been granted… Read more
America’s Largest Ice Battery Will Cool Old Main Post Office
Using North America’s largest ice battery, Enwave North America and The 601W Companies are partnering to cool Chicago’s old main… Read more
Sixth Ave Remains Top Street for Big Office Leases
Avenue of the Americas (a/k/a Sixth Avenue) was New York’s top street for large office leases in 2017, and Brookfield… Read more
Cornell Tech Breaks Ground on Roosevelt Island Hotel
Construction has begun on a 224-key boutique hotel that will mark the completion of the first phase of development at… Read more
Tishman Speyer Expands Tenant-Focused Zo Program
Tishman Speyer is rolling out its proprietary Zo suite of tenant amenities across its Manhattan office and residential portfolio, as… Read more
1031 Deal Concludes with Far Rockaway Apartment Buy
A 1031 exchange that began with the sale of two properties elsewhere in Queens last summer has now concluded with… Read more
Sky Management Acquires Boston-NYC Corridor Industrial Portfolio
New York-based Sky Management Services acquired three industrial assets totaling 788,000 square feet in Meriden and Cheshire, CT from an… Read more
HPD Says There’s Still a Need for Rent Regulation
Initial results from the 2017 New York City Housing and Vacancy Survey show a net rental vacancy rate of 3.63%… Read more
38-Unit UWS Condo Project Secures Goldman Sachs Financing
Certes Partners, Metropolitan Acquisitions and United Management have secured $71.5 million in financing for the ground-up development of a residential… Read more
Hudson Yards, Mount Sinai Partner for Onsite Health Facility
Hudson Yards and Mount Sinai Health System are partnering on an 18,000-square-foot health center at 55 Hudson Yards, a 1.3-million-square… Read more
$127M Financing Goes to Prospect Park Redevelopment
The redevelopment of a prewar mixed-use building on the northwest corner of Prospect Park in Brooklyn has received $127 million… Read more
Cresa NY Brings in Michael Okun as Principal
Tenant-rep veteran Michael Okun has joined Cresa NY as principal, and has brought VPs Daniel Taormina and Richard Shames with… Read more