New York City
NYC Movie Theaters Cleared for March 5 Reopening
Dark since last March although their counterparts in other parts of the state have reopened, movie theaters in New York… Read more
NYC Life Sciences Sector Records Banner Year for Leasing
In a challenging year for traditional office space users, New York City’s life sciences sector continued to be a beacon… Read more
Significant Opportunities Exist Within Broader Housing Market
Värde believes there are substantial opportunities in certain segments positioned to outperform the broader U.S. housing market, which entered the… Read more
New Platforms Throw Lodging Operators a Lifeline
Call it an idea whose moment has arrived. Two high-profile organizations with deep experience in hospitality made nearly-simultaneous announcements this… Read more
NYC Real Estate Sales Surge in January
Investment and residential sales across New York City totaled $6 billion in January 2021, a 38% increase compared to January 2020,… Read more
Nonprofit Hires TRES to Sell Yonkers Campus
Human services organization Rising Ground has hired Transwestern Real Estate Services to sell its Leake & Watts campus in Yonkers,… Read more
State Court Tosses Challenges to Three-Tower LES Project
The Appellate Division of New York State Supreme Court unanimously reversed the lower-court rulings that had prevented developers from moving forward… Read more
Family-Owned East Village Properties Find New Owners
Avison Young’s New York City office closed the sale of two four-story residential properties in the East Village. 349 E.… Read more
MTA Will Partially Restore Overnight Subway Service
The Metropolitan Transportation Authority will partially restore overnight service on the New York City Subway, pending continued positive trends in… Read more
NYC Investment Sales See “Encouraging” Pickup in 2020’s Second Half
New York City investment sales experienced moderate increases in both sales volume and transactions during the second half of 2020… Read more
Silver Creek Snaps Up Super-Regional Michelin Warehouse
JLL Capital Markets arranged acquisition financing for a two-million-square-foot super-regional distribution facility fully occupied by Michelin North America along the I-55… Read more
Andrea Olshan Will Be Next CEO of Seritage
Seritage Growth Properties named Andrea Olshan CEO and president, effective March 16. Olshan is currently CEO of the family-owned Olshan… Read more
NYC Residential Sales Post Big Quarterly Gains
New York City’s total residential sales volume and total residential transactions increased significantly in the final quarter of 2020, according… Read more
Amazon Adds Nearly 500K SF to NYC Warehouse Space
Amazon is expanding its industrial footprint in New York City again, Crain’s New York Business reported. The retailer will open a 336,350-square-foot delivery station at 640 Columbia St.… Read more
NYC Finances Nearly 30K Affordable Units in 2020
Mayor Bill de Blasio joined the New York City Department of Housing Preservation and Development (HPD) and the New York… Read more
Cuomo: NYC Restaurants May Reopen Friday
New York City’s restaurants may resume indoor dining on Friday at 25% capacity, two days ahead of the previously announced… Read more
Film Production Campus May Come to Chicago’s Northwest Side
New York City-based Knickpoint Ventures, owner of the sprawling 22-acre former Marshall Field’s warehouse complex on Chicago’s Northwest Side, plans… Read more
Urban Standard Capital Launches Platform to Buy Condo Units
Urban Standard Capital (USC), announced the formal launch of a $100-million investment platform to buy condominium units from developers/owners who… Read more
RXR, TF Cornerstone Unveil Plans for Supertall in East Midtown
RXR Realty and TF Cornerstone unveiled plans to demolish the Grand Hyatt Hotel adjacent to Grand Central Terminal and build… Read more