New York City
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
LCN Tops $1.3B with Latest Sale-Leaseback Funds
New York City-based LCN Capital Partners, a private real estate investment firm specializing in the corporate sale-leaseback and built-to-suit markets,… Read more
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