New York
WeWork Completes Merger with SPAC, Will Trade on NYSE
WeWork Inc. and special purpose acquisition company BowX Acquisition Corp. have completed their business combination. The combined company, based in New York, will now operate… Read more
Law Firm Relocates, Expands within Graybar Building
Avison Young’s New York City office arranged a 27,000-square-foot lease for the law practice of Wingate, Russotti, Shapiro & Halperin,… Read more
Robotics Startup Signs Full-Floor Lease with Ogden CAP
Ogden CAP Properties has signed Viam, a robotics software startup, to a 10-year, 54,000-square-foot lease encompassing the entire sixth floor at 1900 Broadway,… Read more
Opal Holdings Nears Deals for Leo Burnett Building, Two Other Chicago Office Properties
New York-based Opal Holdings is finalizing deals to buy the 50-story office tower at 35 W. Wacker Drive in downtown Chicago, Caterpillar’s headquarters at the Corporate… Read more
Avison Young Brokers Pair of East Village Multifamily Deals
Avison Young’s Tri-State Investment Sales Group arranged the sale of two mixed-use multifamily properties in the East Village. The 13-unit 164 First Ave. traded for… Read more
Naftali, Rockefeller Group Launch Sales on Upper East Side Condos
Naftali Group and Rockefeller Group have launched sales at 200 E. 83rd St., an 86-unit luxury condominium tower designed by Robert A.M. Stern Architects. The… Read more
Swiss Shoemaker Chooses Resnick Tower for First U.S. Retail Store
Swiss shoemaker brand Le Majordome will establish its first U.S. retail location at Jack Resnick & Sons’ 485 Madison Ave. in the Plaza District. Its new Manhattan… Read more
Green Street’s Advice to Property Investors: Buy Now
Buy now, Green Street advises commercial property investors. All signs point to higher pricing and lower cap rates next year. “The perfect storm of ultra-low bond… Read more
Compass’ Adelaide Polsinelli Markets Retail Co-op in Flatiron District
Compass vice chairman Adelaide Polsinell has been hired to market a ground-floor, retail co-op property at the base of 15 E. 16th… Read more
Zara Realty Set to Launch Jamaica Resi Project Adjacent to Rufus King Park
Zara Realty is set to begin work on a 223-unit 218,000-square foot residential building, at 153-10 88th Ave., adjacent to Rufus King Park in Queens’… Read more
Investcorp Adds Two Advisory Directors to Real Estate Group
Investcorp has named two new advisory directors to its real estate group: Michelle Felman and Patrice Derrington, both based in New… Read more
U.K.-Based Future plc Signs Midtown Lease Amid U.S. Expansion
Cushman & Wakefield arranged a long-term, 16,000-square-foot, full-floor lease for multi-platform media company Future plc at 130 W. 42nd St. in Midtown Manhattan. The U.K.-based tenant… Read more
Oxford Property Group Poised to Launch Riverdale Multifamily Project
Oxford Property Group/Spire Group will soon launch construction of a 62-unit luxury residential building in the Bronx’s Riverdale neighborhood. The… Read more
Leon Dubov Bringing Indoor Beach Volleyball to Long Island City
TerraCRG’s Peter Schubert completed a long-term commercial lease with entrepreneur Leon Dubov to open his next venture in Long Island City, Queens.… Read more
Lee NYC Arranges Oyster Bar Location for Tribeca
Lee & Associates NYC represented Crew Restaurant Group in 1,500-square-foot lease at 109 West Broadway in Tribeca. The yet-to-be-named oyster bar… Read more
REBNY Calls for Action Amid Looming Midtown Retail Vacancies
Nearly 30% of storefronts in Midtown Manhattan’s office-dependent retail corridors, specifically Midtown East and Grand Central, are unoccupied as of this past summer, the Real Estate Board… Read more
Law Firm Opts for “Fresh Start” at 1040 Ave. of the Americas
Cushman & Wakefield arranged a long-term lease for law firm Spivak Lipton LLP at 1040 Avenue of the Americas. The… Read more
Vornado Closes Sale of Upper East Side Retail Asset
Vornado Realty Trust has closed on the sale of one of its struggling Upper East Side retail properties, Crain’s New York Business reported. The office… Read more
Office Space Outlook: The Continued Evolution of the Way People Work
With the delta variant impacting return-to-office sentiment and protocols, as well as indicators that COVID-19 will be something we must… Read more