New York City
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
SJP Bolsters Property Management with Promotion, New Hire
SJP Properties deepened its leadership team with a promotion and hiring within its property management platform. Barbara Quintana was promoted to… Read more
GiGstreem Raises $50M to Deploy Multifamily WiFi in 15 U.S. Markets
New York City-based gigabit internet service provider GiGstreem has secured a $50-million investment from Crestline Investors to support its continued growth… Read more
Prism Secures New Financing for Edson Lofts Adaptive Reuse
Prism Capital Partners has secured new financing for Edison Lofts at Edison Village, the firm’s adaptive re-use of Thomas Edison’s historic Invention Factory and… Read more
The Renter Exodus to the Suburbs Didn’t Actually Happen
The rental market experienced significant disruptions in 2020, with 18% more renters changing residences compared to 2019, a migration mostly… Read more
Manhattan Office Availabilities Reach Highest Level in At Least Three Decades
Manhattan office availabilities hit a peak going back at least three decades in the first quarter, according to Q1 reports… Read more
Chicago-Based Tock Trades to Squarespace for $400M
Chicago-based Tock, a cloud-based platform serving the hospitality industry, has been acquired by Squarespace for more than $400 million in… Read more
NYC’s Congestion Pricing Plan Gets Federal Go-Ahead for Next Step
The U.S. Department of Transportation on Tuesday gave the go-ahead for New York City’s congestion pricing plan to launch its… Read more
Logistics Expert Joins CBRE Global Investors
Mary Lang has joined CBRE Global Investors as a portfolio manager to focus on the firm’s U.S. logistics investment strategies.… Read more
Cerberus Closes Opportunistic RE Fund with $2.8B of Commitments
Cerberus Capital Management said Monday it had $2.8 billion of commitments for its flagship global opportunistic real estate strategy. Cerberus… Read more
Longtime Savills Leader Will Become Its Next President
David Lipson, one of Savills’ longest-tenured leaders, will serve as its next president. He will initially split his time between Savills North… Read more
Suburban Apartments Have Outperformed Central Cities, Right? Not Necessarily
Among the theses that emerged during the course of the pandemic was that suburban apartment properties have outperformed their central-city… Read more
Office Demand Recovers in NYC, Other Key Markets as 2021 Progresses
A year after the pandemic began, demand for office space in the country’s largest markets is approaching pre-COVID levels, and… Read more