New York City
Value-Add Finds Fresh Appeal from Freshwater Group
New York City-based Freshwater Group was looking for a value-add opportunity in a great location. And that opportunity presented itself… Read more
Times Square-Area Hotel Sells as Investor Confidence Begins Returning
JLL Hotels & Hospitality closed the sale of the Gallivant Times Square hotel, a 336-key hotel at 234 W. 48th St. The… Read more
San Diego Clocks in Third for Self-Storage Deal Volume
Nationally, more than 46 million square feet of storage space traded last year, for a combined $3.68 billion, a 6… Read more
SL Green Launches Portfolio-Wide COVID Testing Initiative
SL Green Realty Corp. has launched what is reportedly the first portfolio-wide COVID testing initiative in New York City. Working… Read more
Swingers Crazy Golf Coming to Washington D.C. This Summer
U.K.-based mini-golf chain Swingers has announced its expansion into the United States as well as $20 million raised in follow-on… Read more
Migration in the Pandemic Was Less Than Expected, But with “Major Implications”
The mass exodus from major urban centers such as New York City and San Francisco during the height of the… Read more
Newly Built Seniors Housing Trades in Sayreville
AMS Acquisitions LLC, a New York City-based investment firm, sold Gillette Towers, a two-building seniors housing community in Sayreville, NJ for… Read more
Fulton Market Parcels Sell to NYC Developer
New York City-based Vista Property Group has acquired two properties in the Fulton Market District, reportedly with plans to develop… Read more
WHP Global Acquires Toys “R” Us Parent
Toys “R” Us has sold for the second time in two years, as New York City-based WHP Global acquired a… Read more
WeWork Forms Partnership with Chambers of Commerce Across Five Boroughs
The Chambers of Commerce for all five New York City boroughs and WeWork formed a strategic partnership to help foster… Read more
CHA, Jonathan Rose Cos. Reach Agreement on Low-Income Complex
The Chicago Housing Authority approved a contract with New York City-based affordable housing investor Jonathan Rose Cos. to subsidize up… Read more
Savanna Achieves Portfolio-Wide Recognition for Sustainability, Wellness
Savanna has been recognized by two leading industry organizations for portfolio-wide performance in sustainability and wellness. Savanna officially earned the WELL Health-Safety Rating certification for… Read more
Park Coming to Former Industrial Site at Pier 42 on Lower East Side
New York City Economic Development Corporation (NYCEDC) and NYC Parks recently launched construction on the Pier 42 project on Manhattan’s Lower… Read more
Engel Burman Names CFO for Construction Division
Jericho, NY-based developer Engel Burman has hired Daniel Daragiu as CFO for its construction division. He’ll be responsible for all financial… Read more
Can the Hub-and-Spoke Model Work? Not Without Investment
During the pandemic, growth in secondary cities and suburbs has outstripped demand in CBDs as 57% of employees want an… Read more
Streaming Content Boosts Demand for NYC Film Studio Space
As demand for streaming video content has reached new highs, so has the need for high-quality film studio space, according to a… Read more
NYC Restaurants May Expand to 50% Indoor Capacity Next Week
Indoor dining capacity in both New York City and New Jersey will expand to 50% beginning March 19, New York… Read more
Yardi Matrix: Renter Demand for Apartments Held Up in Pandemic
Renter demand for apartments remained strong nationally in 2020, the pandemic notwithstanding, Yardi Matrix reported. Around 252,000 apartment units were… Read more
Keeping Your Energy Grade Up, Part Two: Coordination, Compliance & Capital Planning
The second part of the BOMA New York webinar series all about energy grades for commercial buildings focused on coordination,… Read more