New York
As Port Traffic Ramps Up, So Does Warehouse Development
Increasing amounts of containerized cargo are flowing through the country’s major maritime port complexes, in turn driving demand for warehouse… Read more
Legal Aid Society Consolidates into 199K SF at 40 Worth St.
Social justice law firm Legal Aid Society has signed a 30-year lease for 198,900 square feet of commercial office condominium space at 40… Read more
Ariel Closes Mixed-Use Sale in Kips Bay
Ariel Property Advisors arranged the $3.5-million sale of 597-601 Second Ave., a three-unit, mixed-use building on 33rd Street in Kips… Read more
Common Named Co-living Operator at LIC’s ALTA
Simon Baron Development has named Common the co-living operator at ALTA in Long Island City. The developer bought the site in 2015; it’s… Read more
Avison Team Markets Mixed-Use in Chelsea
The New York Investment Sales group for Avison Young has been hired to sell 453-455 W. 17th St., a 21,091-square-foot, mixed-use, four-story elevator… Read more
Naftali Lands $103M in Construction Loans on Upper East Side Project
The Naftali Group has obtained $102.7 million in construction financing for 1165 Madison Ave., a 13-story luxury residential condominium development… Read more
Bakery Chain Comes to Midtown for First U.S. Location
Wolkonsky Bakery & Café will establish its first U.S. location at Jack Resnick & Sons’ 8 W. 40th St. in Midtown’s Bryant Park neighborhood. The bakery… Read more
Avison Young Lists UES Portfolio Through Ten-X
The Tri-State Investment Sales Group for Avison Young announced a June 21 deadline to submit bids through the Ten-X platform for a commercial… Read more
Latham & Watkins Expansion Brings 1271 Sixth Ave. to Full Occupancy
Global law firm Latham & Watkins LLP has leased an additional half floor at Rockefeller Group’s 1271 Ave. of the Americas. The… Read more
Financial Technology Firm Relocates HQ to Austin
Green Dot Corp. is the latest company to leave California for Texas, relocating its corporate headquarters from Pasadena, CA to… Read more
Freight Bottlenecks Cost U.S. Economy $42B in 2019
Freight bottlenecks cost the U.S. economy more than $42 billion in 2019, a hidden tax on the American people that… Read more
BHI Furnishes $60M for Bulk Condo Deal in Hell’s Kitchen
BHI, a full-service commercial bank, provided $60 million in financing for the bulk acquisition of 70 residential condominium units in… Read more
AI-Driven Fundraising Platform Leases Headquarters Space at Industry City
Fundraise Up—an AI-powered fundraising platform for nonprofits including UNICEF USA, the American Heart Association and the World Health Organization Foundation—has opened… Read more
Latch Expands Platform into Office Sector
Latch, Inc. has expanded its full-building enterprise software-as-a-service (SaaS) platform, LatchOS, into commercial offices. LatchOS for offices is launching with Latch Visitor Express, a new contactless visitor… Read more
Google Will Open First Physical Store Near Chelsea Campus
Google plans to open its first-ever physical store in Chelsea, near its urban campus that includes its New York headquarters,… Read more
RICS Sees Infrastructure Focus Driving Americas Construction Uptick
RICS’ global Q1 2021 Construction Monitor shows that activity is continuing to pick up gradually for the Americas. Both Canada and the… Read more
JLL Adds SVP for Hotel Asset Management
JLL Hotels & Hospitality has hired 15-year hotel industry veteran Erin Green as SVP for the company’s Global Hotel Asset Management… Read more
East Coast Warehouse Inks 500K-SF Industrial Lease in Savannah
Temperature-controlled logistics services provider East Coast Warehouse has signed a 499,200-square-foot industrial lease in Savannah at 521 Morgan Lakes Blvd.… Read more
New Empire Launches Sales at LES Condos
Sales have officially commenced at New Empire Corp.’s 208 Delancey, a 12-story, 85-unit new luxury condominium on Manhattan’s Lower East Side, reportedly… Read more