New York City
NYC Proposes Restructure of Freight Distribution Citywide
The de Blasio administration on Wednesday released Delivering Green: A vision for a sustainable freight network serving New York City, a… Read more
Lexington Realty Trust Rebrands to Reflect Industrial Focus
Lexington Realty Trust (LXP) on Wednesday announced a corporate rebranding and name change to LXP Industrial Trust. In connection with the rebranding,… Read more
Times Square Retail Condo Trades at North of $190M
In one of New York City’s largest retail transactions since the onset of the pandemic, a three-story retail condominium at residential… Read more
SL Green Divests Former Kenneth Cole Headquarters
SL Green Realty Corp. has sold its ownership interest in 707 Eleventh Ave., formerly the headquarters of Kenneth Cole, for $95 million.… Read more
Asset Manager Compass Group Inks Plaza District Lease
Colliers secured an 11-year lease for Compass Group, one of the leading independent Latin American asset managers, at 590 Madison Ave. Managing director David… Read more
East Harlem Development Site Changes Hands
Alan Stenson, senior director of Manhattan-based investment sales brokerage firm Brax Realty, arranged the sale of a corner development site in East… Read more
Q&A: Talking NYC Multifamily with JPMorgan Chase’s Kurt Stuart
After the economic upheaval of 2020 and resulting uncertainty in New York City’s multifamily market, 2021 brought greatly needed recovery… Read more
BOMA NY Presents Civic Betterment Award to Tunnel to Towers Foundation
BOMA New York has presented the 2021 Civic Betterment Award to the Tunnel to Towers Foundation. The award, which was presented at BOMA… Read more
Video Software Platform Finds New Home at 530 Seventh Ave.
Lee & Associates NYC represented JW Player, a leading video software and data insights platform, in a 12,044-square-foot office lease at Savitt Partners’… Read more
NYC Lab Space Demand Has “Exploded”
Demand for new life sciences lab space has ramped up quickly amid an uptick in speculative construction in New York… Read more
Preschool Relocates in High-Demand Tribeca with 5K-SF Lease
Newmark Retail completed a 5,000-square-foot lease for Mandarin Seeds Preschool at 52 Reade Street in Lower Manhattan’s Tribeca neighborhood. Director Ravi Idnani and managing director Andrew Stern represented the landlord, Sutton Management. Mandarin… Read more
Ariel Doubles Down on NYC with Hiring Push
Ariel Property Advisors has hired Grace Sprite as director, capital services; Nicole Santospago as marketing manager; Evan Hirsch and John Toppa as associates, investment sales; and Rhea Vivek and Adam Pollack… Read more
VC Firm a16z Commits to SoHo Offices
San Francisco-based venture capital firm Andreesen Horowitz (a16z) has signed a 10-year lease at 200 Lafayette St. In SoHo to house its New York… Read more
Broadway Construction Group Adding Resi in Prime East Village Location
Broadway Construction Group (BCG) will develop a residential project at 351 E.10th St. In the East Village. The proposed development entails construction of… Read more
RFR Signs Mix of New and Renewal Leases at Seagram Building
RFR secured 46,000 square feet of leasing at the Seagram Building, marking an acceleration of deal activity as the firm… Read more
Taconic Partnership Acquires Upper East Side Loft Offices, Plans Redevelopment
Taconic Partners, Nuveen Real Estate and Flatiron Equities acquired 309 E. 94th St. and 324 East 95th St. for $70 million. Barry Goodman, senior managing director at Newmark, assisted… Read more
Parkview Furnishes $110M Acquisition Loan on Stamford Offices
Parkview Financial provided a $110-million bridge loan to 200 Elm Partners BH, LLC for the acquisition of a 557,581-square-foot Class A… Read more
HSBC Building at 452 Fifth Ave. Set for New Ownership
Israel’s Property and Building Corp has agreed to sell the HSBC Tower building at 452 Fifth Ave. in Midtown Manhattan for $855 million… Read more
SL Green Sells 25% Stake in One Madison, Inks Major Expansion with Bloomberg
SL Green Realty Corp. had a busy day on Monday, announcing three sales across Manhattan with a combined value of nearly $420 million while also executing a headquarters expansion with Bloomberg LP. In the… Read more