New York
Pink Stone Will Partner with Grubb Properties on FiDi Mixed-Use
Pink Stone Capital Group has sold a development site at 111 Washington St. in Manhattan’s Financial District to a newly formed partnership with Grubb Properties for $89… Read more
Venture Capital Firm Leases 25K SF at Seven Penn Plaza
SOSV, a venture capital firm that runs the IndieBio development program for early-stage startups in the rapidly growing life sciences sector, has signed a… Read more
Ackman, Georgetown Seek $630M for Far West Side Offices
Bill Ackman and co-owner The Georgetown Company are seeking roughly $630 million for 787 Eleventh Ave. on Manhattan’s Far West Side, Bloomberg News reported. They’ve hired Cushman & Wakefield to market the 10-story, fully… Read more
Flex Office Sector Emerges from Downturn with a Bright Outlook
Although many doubted the sector’s viability at the height of lockdown orders last year, the flex-office industry has emerged from… Read more
Chelsea Piers Fitness Signs Lease as Flagship Retail for One Madison Ave.
SL Green Realty Corp. signed Chelsea Piers to a 55,780-square-foot, 20-year lease as the flagship retail tenant at One Madison Ave., its 1.4-million-square-foot office development in… Read more
Outerstuff Re-Ups for 10 More Years in Fashion District
Cresa VP Simeon Weber arranged another 10-year lease for Outerstuff at 1412 Broadway, comprising 50,500 square feet on three floors of the Fashion District building… Read more
Venable Consolidates Manhattan Offices to Durst’s One Five One
Law firm Venable LLP signed a 15-year lease for 157,808 square feet on the 48th through 52nd floors at the… Read more
Rosewood Closes $13M Sale of Inwood Multifamily Duo
Rosewood Realty Group announced the sale of two contiguous five-story, rent stabilized walk-up apartment buildings consisting of a total of 98… Read more
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