New York
Vornado Extends Loan on Midtown Headquarters
Vornado Realty Trust has completed an extension of the $375-million loan on 888 Seventh Ave., a Midtown office property where… Read more
WeWork Commits to 212K SF Near Its NYC Headquarters
WeWork has signed a lease for more downtown space that happens to be around the corner from its NY headquarters.… Read more
L’Occitane Takes Full Floor of Office with ESRT
Cosmetics retailer L’Occitane Inc. has signed a full-floor lease at Empire State Realty Trust’s 111 W. 33rd St. The company… Read more
Savanna Snaps Up 521 Fifth from SL Green JV
Savanna has acquired 521 Fifth Ave., a 498,711-square-foot office and retail building, for $381 million. The owner/operator also announced a… Read more
Blackstone, Prologis Making Run at Singapore’s GLP $20B Industrial Portfolio
The U.S. division of Singapore’s GLP is trying to sell its industrial portfolio in the United States, and the pool… Read more
NYC’s Home Sales Market Reverses Months-Long Slide
Pending home sales spiked citywide in April, especially in Manhattan, where they jumped 26.6% year over year, StreetEasy reported. Although… Read more
Hope Street’s DUMBO Project Poised to Launch Sales
Hope Street Capital’s 98 Front St. in DUMBO has launched a teaser website that provides interested buyers a first look… Read more
Hudson Square BID Selects Design Team for New Streetscape
The city and the Hudson Square Business Improvement District have selected a joint consultancy team to create new pedestrian space… Read more
Related Midwest Brings in COO from Parent Company
Related Midwest has brought Frank Monterisi over from parent organization the Related Companies to serve as COO. Monterisi’s role with… Read more
Knotel Signs Deals at Two Fifth Ave. Locations
Thor Equities has leased a combined 17,600 square feet at two Fifth Avenue properties to Knotel. The flexible office space… Read more
San Francisco Reaches the Top of the Global Heap Despite Quality of Life Challenges
San Francisco has unseated Zurich from its long-held top ranking for both wages and disposable income in the latest Deutsche… Read more
Where are Best Places to Get a Summer Job?
This summer’s job market is likely going to be challenged by the tight U.S. labor market. The national unemployment rate… Read more
Blackstone Sets $5B Target for Latest Debt Fund
New York-based Blackstone Group LP is reportedly targeting a $5-billion capital raise for Blackstone Real Estate Debt Strategies IV. The… Read more
Headquarters by WeWork Comes to Seventh Ave. Tower
WeWork has entered into an agreement with the Adler Group to secure 52,477 square feet at 550 Seventh Ave. in… Read more
New York-Presbyterian Moves Ahead with Washington Heights MXU
New York-Presbyterian (NYP) plans to build a 13-story, mixed-use project near its Washington Heights campus. Via architectural firm Arquitectonica, the… Read more
Google Adds Milk Building to NYC Holdings
Already the owner or tenant of much of the commercial property between West 15th and West 16th streets in Manhattan,… Read more
AT&T Relocation Means Retail Opportunity at Empire State Bldg.
AT&T has extended its store lease at the Empire State Building for 10 more years. Simultaneously, it is relocating within… Read more
Guidepoint Moves HQ to 675 AOA, Takes Minority Stake
Technology platform Guidepoint is relocating its headquarters to 50,000 square feet at 675 Ave. of the Americas, while also taking… Read more
Sifting Through Proptech’s Many Options (VIDEO)
The plenitude of choices for proptech vendors is a boon for commercial real estate, but at the same time the… Read more