New York
SFA Agency Extends, Expands Tenancy at One Battery Park Plaza
Rudin said Tuesday that current tenant SFA Agency LLC will grow its footprint at One Battery Park Plaza, a 35-story, 800,000-… Read more
Hawkins Way JV Grows NYC Student Housing Portfolio with Upper West Side Sale-Leaseback
A joint venture of Hawkins Way Capital and Varde Partners has acquired 117 W. 70th St, a 382-unit student housing… Read more
Law Firm McDermott Leases 7 Floors at BXP’s New 343 Madison Ave.
BXP said Tuesday that law firm McDermott Will & Schulte has signed a lease for approximately 150,000 square feet at 343… Read more
The Malin Establishes NoHo Presence with GFP Real Estate
The Malin, a hospitality-driven workspace operator, has signed a long-term lease for the entire fifth floor at GFP Real Estate’s… Read more
2 Park Avenue Signs 165K SF of Office Leases
JLL arranged 165,361 square feet in a series of leasing transactions at 2 Park Ave., a 1.2-million-square-foot Midtown South office… Read more
Newmark Arranges $280M Financing for Long Island Office Portfolio
Newmark arranged the $280-million financing for a 14-property medical office and suburban office portfolio totaling approximately 1.51 million square feet… Read more
MCR Pursuing 1,000 New Miami Airport Hotel Rooms
MCR, owner of the Hilton Miami Airport Blue Lagoon, plans to add 1,000 hotel rooms by using space now used… Read more
Vornado Closes on 49% Stake in Fisher Brothers’ Park Avenue Plaza
Vornado Realty Trust has completed its previously announced acquisition of a 49% interest in Park Avenue Plaza. The 1.2-million-square-foot office… Read more
One Domino Penthouse Sets North Brooklyn Record for Sponsor Sale
Two Trees Management Co. announced that Penthouse 1B at One Domino Square is under contract for $7,750,000. The condominium is… Read more
Rare Waterfront Dining Setting Comes Up for Lease or Sale
Biddle Real Estate Ventures and PCD Development, through leasing agent Lee & Associates, announced the availability of a premier waterfront… Read more
Report: NYC Lags in Adding Higher-Wage Jobs, Housing Units
Although post-pandemic New York City employment exceeds pre-pandemic levels, the growth has been concentrated in lower-wage sectors, according to a… Read more
Safehold, Brookfield Enter Joint Venture on Ground Lease Portfolio
Ground lease REIT Safehold Inc. has formed a joint venture with a Brookfield affiliate on a portfolio of ground leases. Brookfield… Read more
Boutique Office and Retail Property Fetches $31M in Flatiron District
Atlantic Capital Partners closed the $31-million sale of 893 Broadway, a boutique office and retail building located in Manhattan’s Flatiron… Read more
Berkadia Secures $126M Refi on 99% Occupied New Rochelle Apartments
Berkadia secured a $126.407-million loan to refinance Two Clinton Park, a 28-story luxury apartment tower with 390 residences and 7,574 square… Read more
CMBS Special Servicing Rate Improves in May
The Trepp CMBS Special Servicing Rate decreased by 51 basis points in May to 10.86%. The improvement was driven primarily… Read more
Baker Tilly Acquires Anchin; Will Relocate Headquarters to NYC
Advisory, tax and assurance firm Baker Tilly has agreed to acquire Anchin, Block & Anchin LL, a leading New York-based… Read more
Hotel Investors Target Luxury, Upscale Leisure Properties
Hotel investors are concentrating capital in luxury and upscale leisure properties while new development remains difficult as financing costs remain… Read more