New York City
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
Lab Space Demand Remains Strong as NYC Life Science Sector Grows
Demand from life sciences tenants in search of lab space in New York City remained robust in the third quarter… Read more
S.O.B.’s Keeps the Music Going at 200 Varick St.
Live music venue S.O.B.’s, also known as Sounds of Brazil, has signed a lease extension for its 7,548-square-foot space at… Read more
NYC Condo and Co-op Sales Post Sharp Year-Over-Year Drops
Sales of residential condominium and co-op units in New York City posted sharp annual declines in October, judging by a… Read more
William Hartman Joins CBRE Life Science Team in NYC
William Hartman has joined CBRE’s Advisory & Transaction team in New York City as vice chair. Hartman specializes in life… Read more
Lendlease Names Monique Henley as New York City Leader
Lendlease has appointed Monique Henley as executive general manager, New York, for its Americas development business. Henley is based out… Read more
Leap Makes Jump to Tribeca Space for New Manhattan Headquarters
Raise Commercial Real Estate has signed a five-year, 12,159-square-foot lease with Leap, a scalable platform for omnichannel retail, at 99 Hudson… Read more