New York City
KBRA: Nearly a Third of Office CMBS is Distressed
The volume of distressed office in conduit and single-asset, single-borrower CMBS increased to a combined $52.2 billion in March, nearly… Read more
Brooklyn Fare Kitchen & Market Opens on LES
Brooklyn Fare Kitchen & Market has opened at One Manhattan Square, Extell’s 800-foot residential tower on the Lower East Side… Read more
WeWork Files to Assume 16 Leases Across US, Canada
WeWork is planning to save more locations as it emerges from its Chapter 11 proceedings. With a recent injection of $450 million,… Read more
Floor & Decor Leases 129K SF to Open First NYC Location
Madison Capital and Salmar Properties have secured a new tenant to fill the space vacated by Bed Bath & Beyond… Read more
Sullivan & Worcester Inks 42K SF in Midtown
Law firm Sullivan & Worcester is set to relocate its New York City offices to a smaller space at Mitsui Fudosan America’s… Read more
Net Lease Office Properties Divests Three Assets for $132M
Net Lease Office Properties (NLOP), headquartered in New York City, said it had sold three office properties in March and… Read more
Terreno Realty Pays $365M for Industrial on East and West Coasts
Bellevue, WA-based Terreno Realty Corporation, which acquires, owns and operates industrial real estate in six major coastal U.S. markets, acquired… Read more
NYC Plans New Law to Prevent Building Collapses
The New York City Council is considering a new building safety law in response to the partial collapse of 1915 Billingsley Terrace… Read more
American Eagle Outfitters Inks 338K-SF in Midtown
George Comfort & Sons and Savills have finalized a lease agreement with American Eagle Outfitters, Inc., for 338,085 square feet… Read more
Placer.ai: Office/Home Hybrid Still a Work in Progress
Although the remote work war is far from over, a growing consensus seems to posit that though in-person work carries… Read more
NYC Subway to Receive $6B Investment to Address Chronic Flooding
New York State plans to invest $6 billion over the next decade to address chronic flooding in New York City… Read more
NYC MF Sales Totals $1.44B in Q1, 23% Increase YoY
New York City’s multifamily real estate market experienced a strong start in the first quarter of 2024, recording $1.44 billion… Read more
Mayor Adams Releases $112B Budget for Fiscal Year ’25
New York City Mayor Eric Adams has proposed a $111.6 billion budget for fiscal year 2025, focusing on public safety,… Read more
Vuori Opens Third NYC Location at 120 Fifth Avenue
The Bromley Companies announced that global performance apparel retailer Vuori will open its third New York City location at 120… Read more
Dollar Volume of Manhattan MF Deals Drops 38.5% in Q1
In the first quarter of 2024, the multifamily market in New York City saw a total dollar volume of $883… Read more
Law Firm Goulston & Storrs Relocates Office After 40 Years
Goulston & Storrs, an Am Law 200 firm, has relocated its Boston office to One Post Office Square after nearly… Read more
L&L Expands Commercial Leasing Team with Two New Hires
L&L Holding Company has expanded its commercial leasing team with two appointments for its New York City portfolio. Tanya Grimaldo… Read more
Madison Realty Capital Originates $97M Loan for Hoboken Mixed-Use Redevelopment
Madison Realty Capital has granted a $97 million construction loan to the Taurasi Group for the transformation of a 5-story… Read more
Nick Berger Joins The Moinian Group to Lead Leasing
The Moinian Group has appointed Nick Berger as director of Commercial Leasing. Berger will oversee the leasing department’s operations, focusing… Read more