New York City
OC Development Management Bolsters Executive Team
OC Development Management has bolstered its professional team with the addition of two new hires and the promotion of two… Read more
Rezoning Gives Retail a Shot in the Arm
“Retail follows rooftops,” the old saying goes. In New York City, the truism may well be that “retail follows rezoning.”… Read more
Leasing Veteran Rick Marek Joins Avison Young
Office leasing specialist Rick Marek (pictured) has joined Avison Young as a principal with the firm’s New York office. He… Read more
CMBS Delinquencies Remain Elevated in Chicago
As July ended, Chicago’s CMBS delinquency rate was the third-highest of major U.S. metros at 5.3%, according to Trepp data.… Read more
Brookfield Finalizes Deal for 666 Fifth Office Condo
Finalizing a deal that had been expected for months, Brookfield Asset Management has acquired a 100% leasehold interest in 666… Read more
$111M Gold Coast Deconversion Plan Comes Up Short
ESG Kullen’s plan to buy 1400 N. Lake Shore Dr., a 391-unit residential condominium in Chicago’s Gold Coast neighborhood failed… Read more
Brookfield Seeds Venture on Its NYC Office Portfolio
Brookfield Property Partners (BPY) said that it has seeded a new Brookfield Asset Management-sponsored New York City real estate venture… Read more
MMCC Arranges $7.6M Cash-Out Loan on Shelton Apartments
Marcus & Millichap Capital Corp. has arranged a $7.6-million non-recourse loan to refinance a mixed-use property with 43 apartments and… Read more
Chicago’s Office Users Want Flexible Spaces and Hours
What do Chicago’s office-using employees want? Eighty-eight percent of them want a flexible work environment, according to Capital One’s 2018… Read more
Carlyle Group Opts for One Vanderbilt, Takes 3 Floors
Alternative asset manager the Carlyle Group has leased three floors totaling 94,367 square feet at SL Green Realty Corp.’s upcoming… Read more
Knotel Inks Management Deal at Sapir Offices
Flexible office provider Knotel has reached a management deal with the Sapir Organization at the office landlord’s 261 Madison Ave.… Read more
NYC Considers Cap on Ride-Sharing Services
The New York City Council is considering five bills that among other things would put a 12-month freeze on new… Read more
Austin Sixth in Tech Talent
Austin moved up to No. 6 on CBRE’s annual Tech Talent Scorecard, effectively outranking Raleigh-Durham and Atlanta (last year in… Read more
Mortgage Bankers of NY Reactivates Scholarship Program
The Mortgage Bankers Association of New York (MBAofNY) has named the recipients of the association’s 2018 Scholarships. The MBAofNY Scholarship… Read more
SJP Launches Third-Party Development and Construction Management
SJP Properties, headquartered in Parsippany, NJ and New York City, has formed SJP Project Solutions, a division of SJP that… Read more
City’s Board of Standards Approves Controversial UWS Tower
The New York City Board of Standards and Appeals has ruled that 200 Amsterdam Ave., the controversial 668-foot residential tower… Read more
Amid a Construction Boom in NYC, Lenders Grow More Cautious
The New York region’s biggest construction boom in this century is continuing unabated, and lenders are maintaining their levels of… Read more
$315M in Financing Secured for Development of Manhattan Ritz-Carlton
Atalaya Capital Management closed a $250 million senior construction loan and a $65 million preferred equity investment to finance construction… Read more
School Construction Chief Will Now Head Two Departments
Already head of the New York City School Construction Authority, Lorraine Grillo has been named Commissioner of the Department of… Read more