New York City
Silverstein/CantorFitz JV Preps for LV Opportunity Zone
A joint venture of New York City’s Silverstein Properties and Cantor Fitzgerald has announced a 9.6-acre opportunity zone-qualified project site… Read more
Net Lease Investments Chart Record 2019 with $78B Across U.S.
In its year-end 2019 tabulations, CBRE is reporting U.S. net-lease investment reached record highs last year, with investors increasingly attracted… Read more
NYC’s Evolving Superregional Industrial Market
The term “megalopolis” has been around for more than a century. In 2020, someone may need to coin a comparable… Read more
Rent-Stabilized Multifamily Sales Drop 73% Y-O-Y
Although New York City commercial property sales generally declined year-over-year during 2019, rent-stabilized apartment buildings took the biggest hit. The… Read more
NYC Investor Acquires Kennebunkport Resorts
EOS Investors, a privately-held investment firm based in New York City, acquired the nine-property Kennebunkport Resort Collection in Kennebunkport, ME. Deal… Read more
Transwestern Nonprofits Platform Hires Skelskie, Promotes Powers
Transwestern Commercial Services (TCS) made two high-profile personnel moves in its New York office that strengthen its Nonprofit Advisory Services team.… Read more
Apple Takes a Bite Out of Macy’s Office Space
Apple is joining Google and Facebook among tech giants with an expanding office presence on Manhattan’s West Side. The New… Read more
Hersha Offloads Hotels in Boston, NYC, Miami
Hersha Hospitality Trust has entered into binding sales contracts for two consolidated hotels and two unconsolidated joint venture assets for… Read more
Financing on Ceruzzi’s Condo Tower a First for Korean Capital
Ceruzzi Properties has secured the next phase of financing for its Centrale luxury residential condominium tower at 138 E. 50th… Read more
Halpern Closes on O-Zone Development Platform
New York City-based Halpern Real Estate Ventures (HREV) closed on its inaugural Opportunity Zone Platform after achieving its target of… Read more
Venture Fund Will Open NYC Office at 183 Madison
Venture fund Alumni Ventures Group has signed a lease at APF Properties’ 183 Madison Ave. in Midtown South. NKF’s Andrew Sachs, Tim Gibson, Josh… Read more
NYC 10-Year Job Growth Surpasses State, Nation
New York City has added more than 900,000 jobs over the past decade and its 24.3% rate of growth outpaced… Read more
KPG Deploys Urban Umbrella Safety Mesh on Soho Project
Real estate investment firm KPG Funds unveiled a new building-wrapping safety mesh for protecting pedestrians on urban sidewalks during periods… Read more
12 Trends That Are Shaping Commercial Real Estate in 2020
By Paul Bubny Twelve different commercial real estate trends and 12 different voices to express each of them. NKF’s white… Read more
NYCEDC Seeks Input on Update for Hunts Point Plan
New York City Economic Development Corporation (NYCEDC) selected a team led by the Pratt Center for Community Development to help facilitate a… Read more
Black Bear Secures $107M for Multiple Borrowers
Black Bear Capital Partners (BBCP) recently arranged $106.5 million on behalf of multiple borrowers for the refinance of several multifamily portfolios throughout New York City.… Read more
Durst, Port Authority Ink 47K SF of 1 WTC Leases
The Durst Organization and The Port Authority of New York and New Jersey recently completed about 47,000 square feet of… Read more
Cornerstone Finances New Haven-Area MF Acquisition
Cornerstone Realty Capital recently arranged $5.5 million for the acquisition of Crestview Apartments in West Haven, CT. Buyer and seller… Read more
Longtime Legal Tenant Renews at Fisher Brothers’ 605 Third
Fisher Brothers recently finalized a full-floor lease extension with Katsky Korins LLP at 605 Third Ave. The extension, which encompasses 19,871 square… Read more