New York City
SL Green to Acquire Former Pepsi Headquarters for $130M
SL Green Realty Corp. has entered into a contract to purchase the office condominium of 500 Park Ave. from Morgan… Read more
New PLAs Cover More Than $1B of NYC Infrastructure Projects
New York City Mayor Eric Adams on Thursday announced two Project Labor Agreements (PLAs) with the Building & Construction Trades… Read more
Mill Creek Breaks Ground on 253-Unit Fort Lee Apartments
Mill Creek Residential said Tuesday it had broken ground on Modera Fort Lee, a high-rise apartment community located along New Jersey’s… Read more
Savanna Acquires Greenwich Village Offices for $255M
Savanna said Tuesday it had acquired 799 Broadway, a 12-story, 176,588-square foot, Class-A office in Greenwich Village. The investment manager… Read more
Balyasny Expands NYC Office to 164K SF at GM Building
Balyasny Asset Management has expanded its New York City office footprint with one of the largest lease signings in Midtown… Read more
Sports Streamer DAZN Relocates U.S. Offices to SJP’s 470 Park South
DAZN, a global sports streaming service, has leased the entire 14th floor at SJP Properties’ 470 Park Ave. South for its U.S.… Read more
Cresa Arranges 10-Year Renewal for Nonprofit HOPE Program
Cresa senior advisors Waite Buckley and Michael Herz arranged a 10-year renewal lease for 7,500 square feet at 1 Smith… Read more
Hudson Realty Capital Launches Bridge to HUD Loan Program
Hudson Realty Capital said Friday it had launched a new bridge to HUD loan program for multifamily projects, including market-rate, affordable and… Read more
Hochul Revives Congestion Pricing for NYC; January 2025 Start Projected
New York City’s congestion pricing program, the first in the U.S. but paused indefinitely ahead of a scheduled June 30… Read more
A New Use for Unused Buildings: Self Storage Facilities
Pictured: 555 Bay Area Blvd., Houston. Originally an office building, the facility was converted to self storage in 2018. Photo… Read more
Holiday Décor Tips for Multifamily Property Managers and Landlords: Q&A With FirstService Residential’s Ashlee Friedmann
With Thanksgiving around the corner and Christmas, Chanukah and Kwanzaa not far behind, many residential tenants’ aspirations turn to holiday… Read more
Lincoln Park Apartments Sell for $55M
Jonathan Rose Cos. recently acquired a Chicago apartment building for $55 million. The New York City-based firm bought the 186-unit… Read more
Agreement Between Continuum, Brooklyn Botanic Garden Ends Six-Year Dispute
Brooklyn Botanic Garden (BBG), New York City Council Member Crystal Hudson and Ian Bruce Eichner’s Continuum Company have reached an… Read more
U.S. CRE Investment Volume Stabilizes in Q3
Commercial real estate investment volume stabilized at $90 billion in the third quarter of 2024, down just 2% year-over-year versus… Read more
VTS: NYC Continues to Lead Most Markets in New Office Demand
New York City’s VTS Office Demand Index (VODI) has increased almost 100% from 44 in August 2022 to 86 in March… Read more
Standard Communities Acquires $1B Affordable Portfolio
Standard Communities has acquired a 100% affordable housing portfolio valued at $1 billion-plus and containing more than 6,000 apartments across… Read more