New York City
Amazon in Talks for New York Expansion
Three months after pulling the plug on plans for a major headquarters presence in Long Island City, Amazon reportedly plans… Read more
NYC’s First Fisher Houses Open Near Bronx VA Hospital
New York City’s first Fisher House homes were dedicated recently by Fisher House Foundation chairman Ken Fisher, Veterans Affairs (VA)… Read more
Online Apparel Brand Comes to Armitage Shopping Corridor
Intimate apparel and lifestyle brand Lively has opened its first Chicago location and second brick-and-mortar store at 823 W. Armitage… Read more
C-PACE Securitizations and Their Implications for CRE Industry
By Dennis Kaiser Sausalito, CA-based CleanFund, a national commercial property-assessed clean energy (C-PACE) origination platform, recently was awarded GlobalCapital’s 2019… Read more
LI Unemployment Hits Two-Decade Low
Long Island’s unemployment rate hit a 20-year low in April, according to figures from the State Department of Labor. The… Read more
Comptroller: NYC’s Economy Holds Strong But CRE Softens
New York City’s economy grew 3.0% in the first quarter of 2019, after growth of 3.5% in Q4 2018, according… Read more
NYC Set for 5M SF of New Retail This Year
For evidence that retail development is alive and well, at least in key markets, look to New York City. Marcus… Read more
$330M NY Proton Center Set for July Opening
New York City is set to get a new radiation-treatment center, the first of its kind in the state, that… Read more
Viking Acquires Cincy-Area Office Asset in JV with DRA
Cincinnati-based Viking Partners Fund IV, LLC acquired Towers of Kenwood, a Class A, 404,425-square-foot office building in suburban Cincinnati. Viking… Read more
AMS Adds Sayreville Senior Housing to Portfolio
New York City-based AMS Acquisitions LLC has purchased Gillette Towers, a two-building senior housing community in Sayreville, NJ, for $13… Read more
WeWork Inks a Pair of San Antonio Deals
New York City-headquartered WeWork signed leases in two downtown San Antonio buildings. The co-working behemoth will be taking space at… Read more
Dual-Branded Marriott Gets $58M Takeout Financing
Meridian Capital Group arranged $58.5 million in financing to take out a construction loan on a dual-branded Marriott Courtyard and… Read more
Comptroller: $101B of NYC Properties Face Superstorm Risk
Nw York City has lagged in implementing resiliency projects to protect coastal areas from rising sea levels and the threat… Read more
NY Construction is “Booming” Citywide and Statewide
New York State’s construction industry is “booming,” according to State Comptroller Thomas DiNapoli. “In 2018, the construction industry was nearly… Read more
Amazon’s Cashless Store Veers Back Toward Cash
A year ago, Amazon launched its high-tech Go convenience store concept. With no cashiers on hand, shoppers enter the store… Read more
Arel Capital Obtains Financing for Bayou on the Bend
PCCP LP provided a $36.5 million senior loan to refinance the 241-unit Bayou on the Bend in Houston’s River Oaks/Inner… Read more
Hidrock Project Will Be NYC’s 5th Hilton Grand Vacations
Hilton Grand Vacations (HGV) will open its fifth New York City location, the Central at 5th by Hilton Club, which… Read more
Park Hotels & Resorts Acquiring Chesapeake Lodging Trust for $2.7B
Park Hotels & Resorts Inc. and Chesapeake Lodging Trust entered into a definitive merger agreement under which Park will acquire… Read more
Retail’s the Exception in NYC’s Building Boom
New York City is in the middle of its most robust building boom thus far in the 21st century, with… Read more