New York
Apartment Rents Rise Fastest Uptown
The price of a rental apartment in Upper Manhattan grew 6.4% on average in November compared to the year before,… Read more
New York REIT Wins Financing for Liquidation
New York REIT (NYRT) has raised $760 million in financing to help its plan to eventually sell off its assets… Read more
Office Leasing Slows in Manhattan
Manhattan leasing activity is now at its lowest levels since 2009. Uncertainty in politics and the economy both weighed on… Read more
German Investors Buy WTC Courtyard Marriott
The Courtyard Marriott just opened its 317 new rooms at the World Trade Center in Lower Manhattan. But developers Hidrock Properties… Read more
Regeneron Pays $720 Million to Stay in Westchester
Regeneron Pharmaceuticals, Inc. certainly seems happy with its current location in a suburban office park, a few minutes’ drive from… Read more
Ground Lease Shocker for SL Green
Property owner SL Green received a terrible surprise regarding the ground lease for its office building at 625 Madison Avenue,… Read more
Rezoning Underway for East Midtown
Massive new developments planned for Greater East Midtown in Manhattan came a little closer to getting started on January 3.… Read more
TriBeCa is NYC’s Most Expensive Neighborhood
TriBeCa is now the priciest neighborhood in New York, according to data firm PropertyShark. The median sale price of a… Read more
Trump Son-in-Law Buys in DUMBO
The Jehovah’s Witnesses sold another piece of their Brooklyn real estate empire on December 21 to a group of developers… Read more
Drew Brees’ Second Job: Selling Donuts
New Orleans Saints quarterback Drew Brees and partner Vik Patel of Bourbon Street Donuts LLC struck an agreement with Dunkin’… Read more
Financing in Place for $90M MXU
A New York State Agency-backed financing package helped clear the way for development of the $90 million, mixed-use Campus Square… Read more
China Investment Corp. Pays $1B for NYC Stake
Invesco Real Estate, working on behalf of China Investment Corp. (CIC), paid more than $1 billion to acquire a 45%… Read more
NYC Real Estate Spends Big on Politics
The real estate business in New York City spends lavishly to support politicians who might influence their deals, according to… Read more
Carnegie Deli Closes
The Carnegie Deli served its last sandwich and closed at midnight, December 30. Featured in film and New York City… Read more
Pop Up Stores Are a Big Deal Dowtown
American Eagle Outfitters recently opened a pop-up store for its Aerie Collection in New York City’s Soho neighborhood. The retailer… Read more
Owner Sues Over “Worst Landlord List”
Billionaire property owner Kamran Hakim filed a lawsuit after New York City officials included him on their “100 Worst Landlords”… Read more
Rezoning May Transform Toxic Gowanus Canal
The putrid Gowanus Canal in Brooklyn may soon become a cleaned-up public waterfront, according to plan that includes public walkways,… Read more
How Will Trump Change NYC Real Estate?
The biggest shock to New York City real estate from the election of Donald Trump as U.S. President may already… Read more