New York
MRI Software Expands Platform Through Acquisitions
Proptech pioneer MRI Software, headquartered in Solon, OH, has expanded its platform with two acquisitions. MRI acquired Leverton, an AI-powered… Read more
Apartment Turnover Rate Continues to Fall; Lowest in Two Decades
New research by Los Angeles-based CBRE shows multifamily turnover, the percentage of total rented units not renewed each year, fell… Read more
VC Firm Sets Up Shop at Newly Renovated 165 Mercer
Venture capital firm Spark Capital has signed on at 165 Mercer St. in Soho. The 4,897-square-foot office lease runs for seven years.… Read more
Olshan Tallies Quartet of Leases at 99 Hudson
Olshan Properties has completed a quartet of new leasing transactions totaling more than 72,000 square feet at its 99 Hudson St.… Read more
Far West Side Parcel Finds Buyer
Ariel Property Advisors has facilitated the sale of 440 W. 36th St., a development site in the Hudson Yards neighborhood.… Read more
GFI Markets Harlem Retail Condo Package
GFI Realty Services has been named the exclusive sales agent for 1325 and 1330 Fifth Ave., a 33,047-square-foot retail condominium package… Read more
Silverstein Caps Building-Wide Revamp of 120 Broadway
Silverstein Properties recently celebrated the completion of its $50-million capital improvements project at the Equitable Building at 120 Broadway. Tenant… Read more
Mid-Block Offices Trade with Repositioning Potential
ABS Partners Real Estate arranged the $37.25-million sale of 62 W. 45th St., a 12-story, mid-block Class B office building… Read more
BH Properties Expands Arizona Footprint, Invests $55M
BH Properties of Los Angeles targeted investments further east — in Arizona — spending a total of $55.3 million for… Read more
Brookfield Place Rolls Out Collection of Tourism Packages
Brookfield Place (BFPL) New York has rolled out a new collection of tourism products for the travel industry categorized under… Read more
American Landmark Taps Tepperman for Capital Markets Lead
Multifamily owner/operator American Landmark has appointed David Tepperman as global head – capital markets. He will be based in New… Read more
Amtrak Launches Nonstop Acela Service
Amtrak plans to launch nonstop Acela service between New York Penn Station and Washington Union Station beginning in September. Initially,… Read more
WeWork Targets $3.5B IPO for September
WeWork is looking at a September launch for its initial public offering, Bloomberg News reported. The co-working company is targeting… Read more
530 Seventh Draws Diverse Tenant Base in Latest Leases
Savitt Partners has finalized a number of new leases and expansions at 530 Seventh Ave. A Savitt team of Brian… Read more
Interpublic Expands within ESRT Portfolio
The Interpublic Group of Companies, a global provider of marketing solutions, has signed a 26,134-square-foot lease on the sixth floor… Read more
McGee Media Relocates from Hudson Square
Documentary production company McGee Media has signed a new 5,132-square-foot lease at 9 E. 37th St. The lease covers the… Read more
Procore to Acquire Honest Buildings
Carpinteria, CA-based Procore Technologies, Inc., is acquiring New York-based Honest Buildings, Inc., a leading provider of project management software for… Read more
Expansion Completed at Upper West Side Cathedral School
JRM Construction Management has completed the expansion of the Cathedral School of St. John the Divine in Morningside Heights. The… Read more
Architect Cesar Pelli Dies at 92
Cesar Pelli, who designed landmarks on four continents yet downplayed his own style, died July 19 at age 92 in… Read more