New York City
Hudson Yards Agency Will Issue NYC’s First Green Bond
Hudson Yards Infrastructure Corporation (HYIC) will sell the first green bond issued by a city-related entity. Proceeds from the $450-million bond… Read more
Blue Owl to Acquire Oak Street Real Estate Capital for $950M
New York City-based Blue Owl Capital Inc. has agreed to acquire Oak Street Real Estate Capital, LLC and its investment… Read more
Bradford Allen Opens Manhattan Office, Hires Industry Veteran Glenn Isaacson
Chicago-based services firm Bradford Allen has expanded with the opening of a New York office and the strategic hiring of industry veteran Glenn… Read more
NYC Industrial Leasing Holds Strong Despite Limited Availability
New York City’s industrial real estate market posted 864,000 square feet of leasing activity during the third quarter of 2021, up 47%… Read more
CBRE Completes Sale of Sarasota Multi-Tenant, Walgreens Ground Lease
CBRE has facilitated the sale of Oaks Plaza, a two-building, multi-tenant retail center plus a separate parcel ground leased to… Read more
Diverse Development Team Proposes 1,500-Foot Tower Near Javits Center
The team behind a proposal for Manhattan’s tallest building presented its plans to Empire State Development Corporation Thursday. The tower… Read more
Blue Owl Capital Signs Up for Short Hills Offices
Blue Owl Capital has signed an 11-year office lease at The Birch Group’s 51 JFK Pkwy. in Short Hills, NJ. The tenant, a market… Read more
Activist Investor Takes Macy’s Stake, Urges Spin-off of E-Commerce Business
Activist investor Jana Partners has taken a stake in Macy’s and sent a letter to the department store chain’s board urging it… Read more
U.K.-Based Future plc Signs Midtown Lease Amid U.S. Expansion
Cushman & Wakefield arranged a long-term, 16,000-square-foot, full-floor lease for multi-platform media company Future plc at 130 W. 42nd St. in Midtown Manhattan. The U.K.-based tenant… Read more
Work Wraps on SL Green’s 410 Tenth Ave. Redevelopment
Architecture firm MdeAS announced the completion of the full redevelopment of 410 Tenth Ave., an approximately 640,000-square-foot, 20-story office tower in Manhattan’s Midtown… Read more
Tenant-Rep Veteran Larry Zuckerman Joins Avison Young
Avison Young has hired Larry Zuckerman as principal in the New York City office. He brings nearly 40 years’ commercial real… Read more
Square Mile Capital Provides $127M Loan on Three-State Industrial Portfolio
New York City-based Square Mile Capital Management LLC originated a $127-million loan secured by a six-property, 1.2-million-square-foot industrial portfolio in Palm… Read more
Orchard Technologies Commits to 107K SF at 195 Broadway
Cushman & Wakefield arranged a long-term lease for Orchard Technologies, Inc. at L&L Holding Company’s 195 Broadway. Orchard, a locally based technology… Read more
New Initiative Enables MTA to Leverage Private Development for Transit Accessibility
The New York City Council has approved Elevate Transit: Zoning for Accessibility, a collaboration between the Metropolitan Transportation Authority, City Council, the NYC Department… Read more
Manhattan Office Sees Best Leasing Volume Since Pandemic Began
Manhattan office leasing activity surged in the third quarter compared with Q2 of this year, as the market registered its strongest… Read more
JRT Founder Jodi Pulice to Be Honored at 2021 Columbus Celebration
Columbus Citizens Foundation has named Jodi Pulice, founder and CEO of JRT Realty Group, as an honoree of the 2021 Columbus Celebration. In… Read more
DataBank Will Build NYC Region’s Fifth Data Center
Dallas-based DataBank has acquired 34 acres in Orangeburg, NY, north of New York City. The colocation provider will use the acreage to build the metro… Read more
Honolulu Properties Generate Multiple Offers
A property containing a Ross, CVS Pharmacy and PetSmart center as well as the adjacent industrial property recently sold for… Read more
American Finance Trust Upsizes Credit Facility to $815M
“Necessity retail” REIT American Finance Trust (AFIN) has restated its existing $540-million unsecured revolving credit facility and increased it to $815 million. The facility may be increased by $435 million via an… Read more