New York City
Stimulus Funding Helps Drive NYC’s $99B 2022 Budget
Mayor Bill de Blasio on Monday unveiled a $98.6-billion executive budget for fiscal 2022. The mayor said billions of dollars… Read more
NYC Multifamily Investment Sales Post Ninth Quarter of Annual Declines
In contrast to individual apartment sales, which have begun to rebound, New York City’s multifamily investment sales market marked its… Read more
DMG Investments’ Christian O’Lone Talks Opportunities in Student Housing (VIDEO)
A year ago, student housing as an asset class was viewed as one of the more problematic in view of… Read more
Jewelry Brand Vashi Inks SoHo Lease for First U.S. Store
Vashi, a British fine jewelry brand, has signed an 11,777-square-foot, 15-year lease at SL Green Realty Corp.’s 110 Greene St.… Read more
NYC Readies Marketing Blitz to Bring Tourists Back
NYC & Company, the city’s tourism and convention marketing arm, unveiled on Wednesday “NYC Reawakens,” a new communications initiative to signal… Read more
Multifamily Webcast hosted by Institutional Property Advisors (IPA): Apartment Fundamentals Healthy, Likely to Get Boost from Surging Job Growth
With their outlays historically under-allocated to commercial real estate generally, institutional investors’ focus on the apartment sector will, if anything,… Read more
Thor and QuadReal Sign Two Tenants in Fulton Market
Thor Equities Group and QuadReal have secured leases with Teknion and Zeppola Bakery for more than 23,000 square feet at… Read more
Midtown South’s Textile Building Set for $350M Redevelopment
Tribeca Investment Group (TIG), PGIM Real Estate and Meadow Partners jointly announced plans for the $350-million redevelopment of the 700,000-square-foot… Read more
Former EDC Head James Patchett Assumes CEO Role at A&E
James Patchett, previously president and CEO of the New York City Economic Development Corporation (EDC), is joining A&E Real Estate… Read more
NYC Launches RFP for Pandemic Response Institute
The de Blasio administration released a Request for Proposals seeking partners to launch and operate the Pandemic Response Institute (PRI),… Read more
Newly Opened Taco Bell Flagship Combines Experiential with Digital
Taco Bell recently opened a flagship Cantina restaurant at the Paramount Building in Times Square, the 20th New York City… Read more
Why Smart Package Rooms are the New Must-Have Apartment Amenity
By Mo Cheema It’s an understatement to say that the COVID-19 pandemic has dramatically changed consumers’ buying preferences, shifting them… Read more
Tenant Experience Firm HqO Raises $60M in Series C Funding
Boston-based tenant experience operating system for commercial office building HqO has raised $60 million in Series C funding from venture… Read more
CBRE Hires Debbie Askins as Director of Property Tax Services in Atlanta
CBRE has hired Debbie Askins as director of property tax services in Atlanta. In her new role, Askins will help… Read more
NYC Industrial Maintains Its Strong Fundamentals
New York City’s industrial real estate market continued to exhibit strong fundamentals in the first quarter, CBRE reported. While Q1 saw nearly… Read more
Lee NYC Brings Naples Pizzeria to Greenwich Village
Lee & Associates NYC arranged a 12-year lease for L’Antica Pizzeria da Michele—the century-old, acclaimed Naples pizzeria—at the base of 2 Bank St. in… Read more
Industrious, Rudins Partner on Full-Floor Tribeca Space
Industrious is partnering with The Rudin Family to operate a coworking location at 32 Ave. of the Americas in Tribeca. Industrious will open… Read more
Marshall Field’s Warehouse Redevelopment Seeks Equity Partner
New York City-based Knickpoint Ventures is seeking a joint venture partner to invest in the Fields, a $191-million redevelopment of… Read more
Dimon: Chase Will “Significantly Reduce” Office Requirements, But Committed to Building New Headquarters
JPMorgan Chase plans to “significantly reduce” its global office requirements while reconfiguring layouts, chairman and CEO Jamie Dimon wrote Wednesday… Read more