New York
Midtown Manhattan’s CBS Building Trades for $760M in First Sale Since Opening
Harbor Group International (HGI) said Monday afternoon it had agreed to acquire 51 W. 52nd St., a Midtown Manhattan office tower popularly known as… Read more
Austin’s Popularity Brings on Housing Affordability Issues
Housing affordability improvements brought on by historically low mortgage rates and dampened rent growth are quickly evaporating as housing costs… Read more
Mallorca-Based Shoe Retailer Chooses SoHo for First Manhattan Store
JLL has completed a 2,822-square-foot lease at 123 Mercer St. in SoHo on behalf of Meermin Mallorca Shoes. The tenant signed a 10-year lease with SL Green Realty Corp. to relocate from a second-floor showroom space at 130 Greene St.. for its… Read more
Brookfield Plans $25B of Commercial Property Sales in Coming Years
Brookfield Asset Management plans to harvest about $25 billion from commercial property sales in the coming years. The Toronto-based company, with… Read more
TX Hotels to Have Demand Surges in the Fall
PredictHQ recently released Demand Impact Report: The Great Hospitality Recovery of 2021. The report shows the impact of large events… Read more
Biotech Firm Upsizes by Nearly Sevenfold in Hudson Square
TMRW Life Sciences, a pioneering life sciences technology company, has finalized a new 12-year, 38,000 square-foot lease at Jack Resnick… Read more
Seyfarth Adds Four-Lawyer Team to Real Estate Department
Law firm Seyfarth has added partners Michael Fein and Jeffrey Lampiasi to its real estate department in New York. Also joining the firm in New… Read more
Closings Begin at One United Nations Park Condos
The Soloviev Group, the recently formed holding company with several business interests operated by Stefan Soloviev, has launched closings at One United Nations… Read more
Lower Manhattan Fundamentals Continue Rebounding in Q2
The second quarter found Lower Manhattan real estate fundamentals continuing to recover, the Alliance for Downtown New York reported. Median apartment rents… Read more
National Public Media Takes Full Floor in Midtown
Cushman & Wakefield and strategic alliance partner JRT Realty Group have arranged a long-term lease for National Public Media at 200 W.… Read more
Avison Young Brings in Dorothy Alpert as Tri-State President
Dorothy L. Alpert is joining Avison Young as its new Tri-State president and principal, with Arthur Mirante transitioning to the role of… Read more
KPG Enters Ground Lease to Develop Boutique Offices in Greenwich Village
KPG Funds entered into a 99-year ground lease at 132 W. 14th St. in Greenwich Village. KPG plans to develop a contemporary class A office… Read more
Lee NYC’s Kapnick Brings Michelin-Starred Eatery to Harlem
Lee & Associates NYC’s Mark Kapnick recently completed three retail leases, including a Michelin-Starred restaurant, in three different neighborhoods – Harlem, Murray… Read more
Public-Private Partnership Will Build $4B Terminal at JFK Airport
The Port Authority of New York and New Jersey’s board of commissioners has approved a public-private partnership with JFK Millennium… Read more
De Blasio Releases Plan to Extend BQE’s Life for 20 More Years
The de Blasio administration on Wednesday released a plan to extend the life of the Brooklyn-Queens Expressway (BQE) cantilever for… Read more
Nominate a Woman in Real Estate for Our 2021 Awards
The 2020 Women in Real Estate Awards drew the best industry response, in terms of the sheer number of nominations,… Read more
Paramount Closes $860M Refi on 1301 Ave. of the Americas
Paramount Group has completed an $860-million refinancing of 1301 Avenue of the Americas, its 1.7-million-square-foot trophy office building in Midtown… Read more
Chainalysis Triples Footprint in Relocation Sublease
Savills represented Chainalysis in a 38,804-square-foot sublease at 114 Fifth Ave. The blockchain data platform, which has raised $300 million in… Read more
Flatiron/23rd Street BID Set to Expand
The New York City Council voted to approve legislation that will expand the boundaries of the Flatiron/23rd Street Partnership Business Improvement… Read more