New York City
Multifamily Dominates Slow Year for NYC Investment Sales
Despite a positive start to 2020, New York City saw a 31% decline in sales transactions from 2019 and a… Read more
REBNY: Broker Confidence Rebounds from All-Time Trough
New York City residential and commercial broker confidence rebounded in the last quarter of 2020, after three consecutive record lows,… Read more
Dual-Tenant Berwyn Retail Trades in 1031 Deal
Marcus & Millichap completed the sale of a 7-Eleven | Starbucks retail property in Berwyn, IL. The asset sold for $5,400,000, or $1,058.82 per… Read more
Underpinning the Pandemic, Another Malady: Municipal Finances
COVID-19 and the resulting economic downturn made a considerable impact in many areas of the U.S. economy during 2020, but… Read more
WeWork May Go Public by Combining with a SPAC
WeWork is in talks to combine with a SPAC, the Wall Street Journal reported Thursday. The discussions occur more than a… Read more
Beam Suntory Will Shift Global HQ to Manhattan from Chicago
(Updated with additional information) Beam Suntory said Tuesday it would establish its global headquarters in New York City in mid-2022,… Read more
ElmTree Partners with Guggenheim on E-Commerce Assets
ElmTree Funds, headquartered in St. Louis, has closed a transaction with Guggenheim Investments focused on investing in industrial e-commerce assets throughout… Read more
SAAS Firm Latch Will Merge with Tishman Speyer’s SPAC
Smart-lock platform Latch, Inc. and TS Innovation Acquisitions Corp, a publicly traded special purpose acquisition company launched by Tishman Speyer,… Read more
REBNY: NYC Real Estate Sales Off 46% in 2020
New York City investment and residential sales totaled $47.1 billion in 2020, representing a 46% decline compared to 2019 and leading… Read more
Avison Team Markets Bleecker Street Mixed-Use
The Tri-State Investment Sales Group for Avison Young has been hired to sell 355 Bleecker St., a 4,275 square foot, three-story building in the… Read more
NYC Will Establish Four Biotech R&D Facilities
The de Blasio administration on Thursday announced four winners of infrastructure grants totaling $38 million as a part of LifeSci NYC,… Read more
Praedium Group Snags 312-Unit MF Property in Plantation
New York City-based national real estate investment firm Praedium Group has acquired Gatehouse on the Green, a 312-unit multifamily community… Read more
$1B 425 Park Ave. Tower Nears Completion
L&L Holding Company’s 425 Park Ave., the first full-block office tower to be completed along this stretch of Park Avenue in… Read more
Urbanspace Will Bring Food Hall to GFP’s 100 Pearl
Food hall and marketplace curator Urbanspace signed a 14,722-square-foot lease at 100 Pearl St. in Lower Manhattan’s Financial District. The lease marks… Read more
Paramount Completes $103M Sale of DC Office Property
New York City-based real estate investment trust Paramount Group has completed the $103 million sale of 1899 Pennsylvania Avenue, a… Read more
Cuomo Pushes for $51B Buildout of Midtown West
Gov. Andrew Cuomo mapped out a $51-billion buildout of Manhattan’s Midtown West in his annual State of the State message.… Read more
Oxford Capital Brings Café to Shops at LondonHouse
Oxford Capital Group, LLC completed its third lease signing of the past eight months, securing La Borra del Café, a Mexican-style… Read more
Pretium, Ares Close $2.4B Deal for Front Yard Residential
Pretium Partners LLC and funds managed by Ares Management completed their acquisition of Front Yard Residential Corp. The deal makes… Read more
NYC Program Aims to Connect Small Businesses to Federal Relief
The de Blasio administration on Wednesday launched Fair Share NYC, a targeted campaign to connect small business owners to federal… Read more