New York City
Oak Street Health Opens First NYC Center
Chicago-based Oak Street Health, a network of primary care centers for adults on Medicare, is continuing its nationwide expansion with… Read more
CubeSmart Pays $540M for Three-Borough Portfolio
CubeSmart agreed to acquire an eight-property self-storage portfolio in New York City for $540 million from Storage Deluxe. The portfolio,… Read more
JPMorgan, Brookfield Partner on Renewable Energy for Bank’s NY State Portfolio
JPMorgan Chase and Brookfield Renewable reached a five-year energy agreement for supplying clean, renewable electricity to more than 500 of… Read more
East Village Mixed-Use Trades After “Exciting Bidding War”
Avison Young’s Tri-State Investment Sales Group closed the sale of 19 First Ave., a 3,213- square-foot, three-unit building in the… Read more
NYC Multifamily Market Shows Signs of Recovery
New York City’s multifamily market has begun to show positive signs of recovery, Ariel Property Advisors says in its third-quarter… Read more
JV Snags Daytona Beach MF Property for $10M
New York City-based real estate investment company Knickerbocker Asset Management and joint venture partner Capstone Realty Group has acquired The… Read more
NAI Global’s Jay Olshonsky on the Coming Distress Wave: “You Need to Develop a Realistic Plan”
By Paul Bubny NAI Global president & CEO Jay Olshonsky sees the makings of another wave of distress in the… Read more
Financial Firm Relocates from NYC to Rye
CBRE arranged a 2,855-square-foot lease for Haybeach Partners, a global financial services firm, at the International Corporate Center at Rye… Read more
ICSC’s Tom McGee Sees “Anchor” Role for Association in Current Storm (VIDEO)
“Right now, we’re in the midst of a storm,” Tom McGee, CEO of the International Council of Shopping Centers in… Read more
ORIX Real Estate Capital Unifies Brands as Lument
New York City-based ORIX Real Estate Capital, a business unit of ORIX Corporation USA, has changed its brand to Lument,… Read more
Pretium, Ares Take Front Yard SFR Platform Private for $2.4B
A partnership of Pretium and a group of its investors and funds managed by Ares Management Corporation will acquire single-family… Read more
Cuomo Okays Reopenings for Movie Theatres, Ski Resorts
In separate announcements over the weekend, Gov. Andrew Cuomo said ski resorts across New York State may reopen at 50%… Read more
Apartment Fundamentals Rebound from Shaky First Half of 2020
From the standpoint of investor demand, the apartment sector remains at or near the top of the class, rivaled only… Read more
Pandemic Ramps Up Already-Strong Life Sciences Demand
The pandemic has accelerated momentum in the U.S. life sciences industry, particularly amid the race to produce a COVID-19 vaccine,… Read more
Hyatt, Genting to Open Hotel at Resorts World
Hyatt Hotels Corporation and Genting Americas plan a new hotel located at Resorts World Casino New York City (RWNYC) in Queens.… Read more
REBNY: Residential and Investment Sales Down 47% Y-O-Y
Total investment and residential sales volume across New York City declined 47% and tax revenue generated declined 36% from September… Read more
RFR Installs KAWS Sculpture at Seagram Building Plaza
RFR recently unveiled a new sculpture by renowned artist KAWS, on the Seagram Building Plaza at 375 Park Ave. The 20-foot… Read more
Investment Veteran Wessner Joins Hamilton Zanze
Aaron Wessner has joined Hamilton Zanze Real Estate Investments (HZ) as a managing director. Based in New York City, he will lead HZ’s… Read more
CBRE Hires Covey as Senior VP in Boston
CBRE has hired Greg Covey as Senior Vice President in the firm’s Boston office. In his new role, Covey will… Read more