New York City
NYC Names Developer for Staten Island Offshore Wind Port Facility
New York City Economic Development Corporation (NYCEDC) has selected NorthPoint Development to transform Rossville Municipal Site, a 33-acre city owned… Read more
Adams Unveils “Moonshot” Plan for 500K New Housing Units in NYC
New York City Mayor Eric Adams on Thursday unveiled a “moonshot” plan to add 500,000 housing units over the next… Read more
Report: Flexible Workspaces Help Drive LWP Development
Mention the words “live-work-play,” and the first thing that might come to mind is residential first and “play,” or retail/entertainment… Read more
Footwear Brand Dolce Vita Steps into SoHo Lease
Newmark Retail secured a new 3,165-square-foot lease for the New York City-founded, global footwear brand Dolce Vita. The new outpost… Read more
JLL Launches Financial Services Platform in Americas
JLL has launched JLL Financial Services in the Americas. Led by president Bobby Magnano and vice chairman Giles Wrench, the… Read more
NineDot Energy Closes on $85M Construction Loan
NineDot Energy, a leading developer of community-scale clean energy projects backed by the global investment firm Carlyle, has closed a… Read more
RXR Partnership Closes on $261M Preferred Equity for Upper East Side Portfolio
RXR, Macquarie Capital Principal Finance and the Qatar Investment Authority have closed on a $261-million preferred equity investment in the… Read more
Famous Chocolatier Leases AllianceTexas Distribution Center
Laderach Chocolatier Suisse, a family-owned premium Swiss chocolate company with North American headquarters in New York City, will occupy a 42,282-square-foot… Read more
Property Resources Corp. Moves Leadership to Next Generation
Property Resources Corporation (PRC), a leading New York City affordable housing developer founded in 1971, has named longtime principals Matt Linde as… Read more
SVN | SFR Forms Joint Venture to Acquire, Operate Single-Family Rentals
Build-for-rent commercial real estate investment firm SVN | SFR Capital Management, headquartered in New York City, has entered into a… Read more
NYU Acquires 3 Metrotech as Part of $1B Engineering School Plan
New York University has purchased 3 MetroTech Center, a 350,000-square-foot building adjacent to NYU’s Tandon School of Engineering, from JPMorgan… Read more
Tech Sector Now a Key Driver of Sublease Space Increases
Although the tech sector has been the main driver of growth for office landlords, quickly changing dynamics are forcing many… Read more
Fordham Real Estate Panel Will Examine NYC’s Affordability Shortage
Amid a housing crisis in New York City that disproportionately affects low-income households, Fordham Real Estate Institute (REI) will host… Read more
New Office Space Demand Posts Second Monthly Increase
New demand for office space rose for the second consecutive month, up 8.3% from a VTS Office Demand Index (VODI) reading… Read more
Hyatt to Acquire Dream Hotel Group’s Global Platform
Hyatt Hotels Corporation has agreed to acquire Dream Hotel Group’s lifestyle hotel brand and management platform. Spanning properties in the… Read more
NY State Comptroller: Statewide 10-Year Job Growth Trails U.S.
Although New York State’s labor force is one of the nation’s largest, it decreased by 1% between 2011 and 2021… Read more
CIT Provides Financing for Yonkers Production Studios
CIT’s real estate finance business provided $34 million in financing to a joint venture between i.Park and Great Point Media… Read more
Public-Private Partnership Will Bring Soccer Stadium, 2,500 Apartments to Willets Point
New York City Mayor Eric Adams has forged a public-private partnership with New York City Football Club and Queens Development… Read more
Optima Salon Suites Will Open First NYC Location at TF Cornerstone Resi
Optima Salon Suites, a company that leases customized spaces to beauty professionals, has signed a 4,500-square-foot lease at 95 Horatio… Read more