New York
“Unprecedented” VC Investment Boom Bodes Well for Space Demand
The second quarter of 2021 saw $166.4 billion of new venture capital (VC) raised globally, bringing year-to-date totals to $315.3… Read more
SL Green Sells Minority Stake in News Building
SL Green Realty Corp. has sold a 49% interest in 220 E. 42nd St., also known as the News Building, to a… Read more
Swig Achieves WELL Ratings for Nearly 8M SF of Office Space
The Swig Company recently obtained WELL Health-Safety Ratings through the International WELL Building Institute for the majority of its national… Read more
Vornado Taking Full Ownership of One Park Ave.
Vornado Realty Trust will assume full ownership of One Park Ave. after Canada Pension Plan Investment Board’s 45% interest. The… Read more
REBNY, BOMA NY Issue New Guidelines to Support Tenants’ Return
With nearly two-thirds of Manhattan office employees expected to return to the workplace by September’s end, the Real Estate Board… Read more
Vidaris Relocates Offices to Durst Tower Near Times Square
Vidaris, Inc. signed a 10-year lease for 19,000 square feet at the Durst Organization’s One Five One W. 42nd St. A testing,… Read more
WatermanCLARK Appoints Industry Veteran as CIO
WatermanCLARK, co-founded late last year by Philip Waterman III and Ric Clark, has named industry veteran Jonathon Blackwell its CIO. Blackwell… Read more
Los Angeles Office Market Continues to Recover
There have been incremental signs of an economic recovery as Los Angeles undergoes reopening efforts. This news bodes well for… Read more
Diamond District Office and Retail Fetches $101M
576 Fifth Ave., a 78,564-square-foot office and retail property in Manhattan’s Diamond District, has traded for $101 million. B6 Real Estate Advisors represented the… Read more
Creative Home Ideas Signs Up for Showroom and Office Space at 230 Fifth
Lee & Associates NYC arranged a 15-year lease on behalf of Creative Home Ideas, a division of YMF Carpet, at 230 Fifth Ave. in the Madison Square… Read more
Specialty Café Will Open at ATCO Rental Property Near Central Park
Specialty café Sip and Co. has signed a 10-year lease on the ground floor at ATCO Properties & Management’s 41 W. 58th St.,… Read more
Boston Properties, CPP, GIC Announce Office Co-Investment Program
Developer Boston Properties Inc. (BXP), Canada Pension Plan Investment Board (CPP Investments) and GIC have announced the formation of a… Read more
Loop Metrics Reach Highest Levels Since Pandemic Began
Chicago Loop Alliance’s June report on downtown activity shows the highest levels for all metrics since before the pandemic. In particular, hotel occupancy… Read more
Rudin Closes on $100M Refi of 80 Pine St. Office Tower
The Rudin Family has closed on a $100-million refinancing of 80 Pine St., a 1.2-million-square-foot office tower that occupies the full… Read more
Cardiology Group Chooses 120 Wall St. for Flagship Location
Sorin Medical, P.C., a private medical practice that’s among the leaders in preventative and interventional cardiology, has signed a 15-year,… Read more
Rizzo Group, CodeGreen Relocate Offices within ESRT Portfolio
Sustainability consulting firm CodeGreen Solutions and parent company the Rizzo Group are relocating within the Empire State Realty Trust portfolio.… Read more
The Butter’s Back on the Popcorn at Movie Theatres
Among the retail sectors that suffered the most extensive impact from pandemic-related shutdowns, movie theatres by and large have demonstrated… Read more
JLL Secures $56M for Passive House Project in Gramercy Park
JLL Capital Markets recently secured $56 million in construction financing for the development of 202 E. 23rd St., a mixed-use, passive house… Read more
Wafra Capital Signs Up for Space at 425 Park Ave.
Real estate investment advisor Wafra Capital Partners has signed a lease for 13,900 square feet at L&L Holding Co.’s 425… Read more