New York
Leases Push 2M-SF Office Tower to 98% Occupancy
A leading global law firm signed a 15-year lease at 1251 Avenue of the Americas, a landmark office tower at… Read more
Blackstone Buying Schwab HQ for $313M
New York-based Blackstone is acquiring 211 Main St. in San Francisco from Los Angeles-based CIM Group for $313 million. The… Read more
$108M to Build XIN’s West Side Condos
XIN Development International Inc. took out a $108 million loan to build a seven-story, retail and luxury residential building at… Read more
Big Restaurant to Open in Landmark Lobby
Nobu Downtown, created by Chef Nobuyuki Matsuhisa, will open in April 2017 in a huge, 12,500 square-foot space at 195… Read more
Flatbush Development Site Sells for $12M
Brooklyn’s construction boom is spreading far from downtown. Developers paid $11.5 million for a site at 563-571 Ocean Ave., with… Read more
Energy Savings Equates to Cost Savings for Rudin Management
Technology is making a huge difference at the office properties managed by Rudin Management. “This year we will save $5… Read more
Housing Authority CEO Goes to Washington
Shola Olatoye went to Washington, D.C., March 27, 2017, to fight for the New York City Housing Authority (NYCHA), the… Read more
New Ferry Boats Start 1,742-Mile Journey
The first of 20 new ferry boats built for the soon-to-be-launched Citywide Ferry Service recently left the Horizon Shipyard in… Read more
Creative Agency Takes 22K SF in Chelsea
Crossmedia has signed a new 21,970-square-foot, 10-year lease at 275 Seventh Avenue. The creative media agency will occupy the entire… Read more
NGKF Building its Appraisal Side
Newmark Grubb Knight Frank (NGKF) is transforming its valuation and advisory practice by hiring four new senior executives: Helene Jacobson,… Read more
$85M Construction Loan Issued for Uptown Condo Development
Lightstone has received an $85.3 million loan to build an 18-story luxury condominium tower in a quiet corner of the… Read more
Safety First: Rudin’s Intelligent Office Buildings
Utility companies can now give building owners a 30-second warning before a power outage. However, a conventional office building doesn’t… Read more
Ripe for Renovation at Madison Square
A joint venture between Stellar Management and Imperium Capital bought 220 Fifth Avenue, with plans to renovate. “We are looking… Read more
Library with Apartments in Sunset Park
Developers plan to tear down another public library to build a larger library, with new apartments on the floors above.… Read more
Akoustis Acquires SUNY Assets
Akoustis Technologies Inc. entered into a definitive agreement to acquire assets from the Research Foundation for the State University of… Read more
$150M Refinancing with Full-Term Interest-Only Payments
Jacob’s First LLC obtained $150 million in interest-only refinancing for an office tower at 1 W. 34th St. Wells Fargo… Read more
AvalonBay’s 68-Story Tower Clears Community Board
AvalonBay’s plan to build a 68-story apartment tower in East Harlem cleared another hurdle, when Manhattan Community Board 11 approved… Read more