New York
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
Boston Properties’ New York Office to Get New Leadership as John Powers Retires
Hilary Spann will succeed John Powers as head of Boston Properties’ (BXP) New York office effective Jan. 1, 2022. Powers… Read more
Global Holdings Acquires $115M Mortgage on Mondrian Park Avenue
Cushman & Wakefield has arranged the $115-million sale of the mortgage on the Mondrian Park Avenue, a luxury 190-key hotel at 444… Read more
Compass’ Adelaide Polsinelli Closes Sale of Medical Condos Near NYU Langone
Compass vice chairman Adelaide Polsinelli closed on the sale of a package of medical office condos, at the Corinthian, located… Read more
Team Doshi Arranges $22M Deal for Yorkville Multifamily Duo
Meridian’s Amit Doshi and Shallini Mehra have closed on 409 and 413 E. 84th St., two contiguous apartment buildings in… Read more
Grocery-Anchored Centers Stay Hot in Phoenix
Two grocery-anchored retail centers in Phoenix recently sold for a combined total of $14 million. The first property, Safeway Shops… Read more
Flatiron Building’s TIC Owners File for Partition Sale
Four of the five Tenants in Common owners of the historic Flatiron Building at 175 Fifth Ave., represented by Jeffrey… Read more
Family Services Nonprofit Renews in Manhattanville
The Janus Property Company has closed a lease with Graham Windham at the Sweets Building, 423 W. 127th St. in West Harlem’s… Read more
Charter School Signs Full-Building Lease in Inwood
Transwestern Real Estate Services (TRS) represented Zeta Charter Schools in a 124,000-square-foot transaction that will make it sole occupant of 400 W.… Read more
Avison Young’s Polakoff Promoted to Executive Director
Brandon Polakoff has been promoted to principal and executive director of Tri-State Investment Sales at Avison Young. He has served as senior director in… Read more
Digital Partner Moves Up Madison Avenue
George Comfort & Sons and its partners Jamestown and Loeb Partners Realty have secured of a new 5,014-square-foot lease agreement… Read more
MRC Upsizes Existing Loan on West Harlem Condo Project
Madison Realty Capital (MRC) provided an upsized, new $160.4-million loan to Bespoke Living. The loan represents a $22.4-million increase in the principal amount… Read more
CXP Previews Repositioning of 149 Madison in NoMad
Columbia Property Trust (CXP) on Tuesday previewed its ongoing transformation of 149 Madison Ave. in the NoMad neighborhood of Midtown… Read more