New York
Airbnb Continues Robust California Growth
Airbnb hosts in California welcomed 40% more guests last year than in 2016. Los Angeles topped the list with 1.4… Read more
Tishman Speyer Atlanta Office Tower Trades for Record $268M
Three Alliance Center, a 30-story office tower in Atlanta’s Buckhead submarket, was acquired by the Florida State Board of Administration… Read more
KKR Closes $2B Value-Add, Opportunistic Real Estate Fund
New York-based global investment firm KKR closed KKR Real Estate Partners Americas II (REPA II), a $2-billion fund dedicated to… Read more
City’s Cancels $10M in Tax Breaks as Aetna Waffles on Manhattan Move
City officials have cancelled the $9.6 million package of incentives offered to Aetna in exchange for moving its headquarters to… Read more
Brooklyn Pro McNally S. Lee Promoted at Ariel
McNally S. Lee has been promoted to Director of the Investment Sales Division at Ariel Property Advisors on the firm’s… Read more
Investment Manager Provides $40M Loan to Brookchester Apartments
Bal Bay Realty has borrowed $40 million from Voya Investment Management to refinance Brookchester Apartments, a property with 752 garden… Read more
Knotel Takes the Last Available Office Space at 560 Lexington
The office tower at 560 Lexington Ave. is now 100%-occupied, thanks to a new 17,000-square-foot lease by flexible office space… Read more
Chase Bank Comes to Williamsburg
Chase Bank has leased about 8,000 square feet of space at 180 Bedford Ave. in Brooklyn’s Williamsburg neighborhood. “180 Bedford… Read more
Buyer Emerges in SL Green’s $305M 600 Lexington Ave Deal
Greenwich-CT-based W. R. Berkley Corporation acquired 600 Lexington Avenue, a 36-story office tower situated in the heart of New York’s… Read more
Big Retail Leases in Times Square: New Research from JLL
Four of the five largest NYC retail leases signed in the third quarter 2017 were in Times Square. These four… Read more
Heron Tower Renovated to Earn LEED Gold
Takenaka has renovated Heron Tower to be so efficient, the 27-story office building has earned a LEED Gold certification. That’s… Read more
$13M for Air Rights, Apartments, Offices and Retail at 1220-24 Lexington
SMA Equities paid $13 million for a truly mixed-use building — including eight apartments, six offices and four retail storefronts… Read more
Pokebab Pays $375-per-SF to Move to the Upper West Side
Pokebab, a fast casual restaurant specializing in poké bowls, burritos and salads, has leased a 952-square-foot space at 2047 Broadway… Read more
FEMA Plans New Flood Maps for New York City
Federal officials are redrawing the flood maps for New York City for the first time in three decades. The results… Read more
LA Finally Matches NY as Foreign Investor Favorite
Los Angeles, for the first time, tied New York as the top city in the U.S. for foreign investors, according… Read more
ViaWest Picks Up PHX Industrial for $60M
Phoenix-based ViaWest Properties LLC and a JV partner acquired 10 Chandler, a 553,317-square-foot industrial park in Chandler, AZ for $60… Read more
New York Streets Safer — Fewest Pedestrian Deaths Ever in 2017
New York City saw the fewest traffic fatalities on record last year, driven by a 32% drop in pedestrian deaths.… Read more
Investor Pays $365K per Apartment for 291 and 292 Lincoln Pl
An undisclosed investor paid $17.9 million for 291 and 292 Lincoln Place, two adjacent buildings with a total of 49… Read more