New York City
Staples Headquarters Trades in $165M Deal
Office supplies retailer Staples has sold its headquarters campus in Framingham, MA for $165 million. The buyer was reportedly New… Read more
NYC Development Sites See Uptick in Sales
Sales of residentially-zoned development site sales above $5 million rose 11% across New York City in the fourth quarter compared… Read more
W. P. Carey in 15-Building Sale-Leaseback for Helicopter Campus in Aurora
New York City-based W. P. Carey completed a sale-leaseback with Columbia Helicopters involving a 187,016-square-foot portfolio in Aurora, OR. The… Read more
New York Hotelier Announces 217-Key Dream Hotel
Dream Hotel Group, a hotel management company headquartered in New York City, announced plans to build a 217-room hotel in… Read more
New York’s Office Sales Crown Slips in 2019
Although it’s generally regarded as the monarch of U.S. office markets, New York City’s crown slipped in 2019. The year’s… Read more
Edge Principal Advisors Closes Fourth Fund at $560M
Edge Principal Advisors, a real estate investment management firm headquartered in New York City, announced the final closing of its fourth… Read more
Greystone, Rittenhouse JV on Northeast-Focused Platform
Greystone, a New York City-based commercial real estate lending, investment and advisory company, and Philadelphia-based Rittenhouse Realty Advisors, have combined… Read more
Bluerock Real Estate Snags 254-Unit Avenue 25
Bluerock Real Estate LLC struck a deal with Milburn & Co. to acquire Avenue 25, a 254-unit multifamily complex in… Read more
Comptroller Stringer Wants 25% Affordable in All New Development
New York City Comptroller Scott Stringer has proposed a universal requirement for 25% permanently low-income affordable housing in all new… Read more
KBS Trades NJ Office Complex for $311M
KBS Real Estate Investment Trust II sold Park Avenue at Morris County, a trophy office park in Florham Park, NJ.… Read more
VICI Finalizes $843M Deal for Cleveland Gaming Properties
VICI Properties Inc. completed its acquisition of JACK Cleveland Casino, located in downtown Cleveland, and JACK Thistledown Racino, located approximately… Read more
Stantec Takes Lead on Battery Park Resilience Project
Stantec was selected by the New York City Economic Development Corporation to lead design for the Battery Coastal Resilience Project,… Read more
JLL Hires Silva as Managing Director in Tampa
JLL has announced the expansion of its Florida Industrial Capital Markets team with the hiring of Julia Silva as Managing… Read more
Mountain Development Trades Paterson Offices
CBRE arranged the sale of 100 Hamilton Plaza in Paterson, NJ for $15,250,000. Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David… Read more
Quarters Adds Two Brooklyn Co-Living Sites
Co-living provider Quarters announced two new Brooklyn locations, in North Williamsburg and in Fort Greene. In total, the properties will… Read more
Fifth Third Makes $100M Commitment to O-Zones
Fifth Third Bank said it would invest $100 million in projects that support community development through four Opportunity Zone fund… Read more
NYC Multifamily Enters 2020 in “State of Flux”
With vacancy “near its lowest practical level,” New York City’s apartment sector would seem to be an easy first choice… Read more
U.S. Multifamily Acquisitions Hit Record Highs
U.S. multifamily acquisitions rose by 4.4% last year to $184 billion, the highest volume since Real Capital Analytics began tracking… Read more
John Buck Under Contract for Sale of Former CNA Center
The John Buck Company (TJBC) is set to cash out on 333 S. Wabash Ave., a 1.2-million-square-foot office tower that’s… Read more