New York
Wafra Invests $400M in Digital Colony Platform
New York-based Wafra Inc. is acquiring a minority stake in Digital Colony, the digital investment management division of Los Angeles-based… Read more
NYC Cancels Large-Scale Events Through Sept. 30
Large events requiring a city events permit will be canceled through Sept. 30 as the city works to prioritize open spaces for… Read more
Seattle-Based Sur La Table Closing Stores in Bankruptcy Proceeding
Seattle-based Sur La Table plans to close 56 of its 121 stores as part of a Chapter 11 bankruptcy filing,… Read more
Wealth Management Firm Takes Full Floor at Park Avenue Plaza
Wealth management firm BBR Partners has leased 30,000 square feet at Fisher Brothers’ Park Avenue Plaza, Crain’s New York Business… Read more
NYC Retail Corridors Face Challenges in Recovery: Report
Three key retail corridors across New York City are differently positioned—and challenged—to recover from the pandemic-driven downturn, HR&A Advisors says… Read more
NYC Budgets $80M to Rebuild Chinatown Landmark
The de Blasio administration recently announced $80 million in funding to rebuild 70 Mulberry St., the Chinatown landmark that was… Read more
WeWork, Columbia Cancel Full-Building Lease in Midtown South
Columbia Property Trust and WeWork mutually agreed to terminate WeWork’s lease at Columbia’s 149 Madison Ave. The two companies announced… Read more
Durst Completes Quartet of Deals on Third Ave.
The Durst Organization completed four Midtown East leasing deals. They include Mitsubishi Chemical Holdings America, expanding to 14,218 square feet… Read more
SL Green Agrees to Sell Stonehenge 58
SL Green Realty Corp. and its joint venture partner are in contract to sell 400 E. 58th St., a 126-unit… Read more
Camber Opens Lottery for Central Harlem Senior Units
The housing lottery for 94 newly constructed affordable senior housing units at Victory Plaza in Central Harlem has opened. Located at… Read more
East Village Value-Add Hits the Sales Block
Avison Young’s Tri-State Investment Sales Group is marketing for sale a renovated five-story, 24-unit apartment building at 332 E. 9th St. in… Read more
It’s Time to Nominate an Up-and-Coming Industry Leader
Today’s the due date for submitting nominations for our annual Next Generation Awards. Industry response to our request has been… Read more
BREAKING NEWS: Blackstone Buys Big Stake in Hudson Pacific
New York-based Blackstone is acquiring a 49% interest in Hudson Pacific Properties, Inc.’s three Hollywood studios and five on-lot or… Read more
City Combines Open Streets and Open Restaurants Programs
The de Blasio administration has combined two popular programs, Open Streets and Open Restaurants, announcing expanded seating options for restaurants… Read more
JPMorgan Chase Finalizes Deal for Bank of China HQ
JPMorgan Chase has closed on its acquisition of 410 Madison Ave. from Bank of China, according to public records. Chase… Read more
Lendlease, L+M Close on Financing for Morningside Heights MXU
Lendlease and L+M closed on $250 million in construction financing for 100 Claremont Ave., a 354,000-square-foot mixed-use building in Northern Manhattan’s Morningside Heights.… Read more
SL Green Closes on $510M Loan for News Building
SL Green Realty Corp. said Tuesday it had closed on a new $510-million mortgage financing secured by 220 E. 42nd… Read more
Central Harlem Development Site Goes on Sale
Ariel Property Advisors was retained to sell 161-165 W. 132nd St., a four-story, 60-foot-wide, residential or commercial conversion property in… Read more
Lockdowns Lead Banks to Consider Trimming Branches and Office Space
A year after JPMorgan Chase opened a 12,500-square-foot branch on Madison Avenue, the 1,714 branches for Chase and other banks that anchor commercial… Read more