New York
RZO Renews at Renovated Tower of Rockstars
Music industry giant RZO has leased the entire 23rd floor, totaling 12,600 square feet, at 250 W. 57th St. RZO… Read more
The Effect of Trump’s Presidency on His Real Estate
In an effort to see how and if President Trump’s status as President is affecting his real estate holdings, realtor.com… Read more
RCA Reports US CRE Prices Increase in January
New York-based Real Capital Analytics (RCA) released its latest CPPI summary report that shows U.S. commercial property prices climbed further in January… Read more
Chase Plans New 70-Story HQ in New York’s Midtown
JPMorgan Chase plans to develop a new 70-story headquarters on New York’s Park Avenue, where its existing HQ now sits.… Read more
$210M Refinancing for Refurbished 1450 Broadway
The Zar Group borrowed a total of $210 million from Goldman Sachs to refinance its 42-story office property at 1450… Read more
Savanna Breaks Ground on Plaza District Boutique Office at 106 W. 56th
Savanna, an investment manager and developer based in New York City, started construction on a 90,000-square-foot office tower at 106… Read more
$300M for HNA’s Office Tower at 1180 Avenue of the Americas
Northwood Investors, a firm led by John Kukral, paid at least $300 million for 1180 Avenue of the Americas, a… Read more
CRE Construction Volume Declined 7% in 2017
Many of the leading U.S. metropolitan areas for commercial and multifamily construction starts showed reduced activity in 2017 compared to… Read more
Healthcare Companies Rent 5K SF at Office Tower
Two healthcare companies recently leased 5,485 square feet of space at 119 W. 57th St., an office building in Midtown… Read more
Empire State Building Saves $800K-Per-Year
A mobile app reduced the cost to operate the Empire State Building by more than $800,000 per year. “The app… Read more
Top Property Manager Matt Duthie Joins NKF
Matt Duthie has joined NKF to oversee and direct property management services in the New York metro area. “Matt is… Read more
Kobeyaki Comes to Jersey City
Fast-casual Japanese chain Kobeyaki has opened a 1,706-square-foot restaurant at 525 Washington St. in Jersey City, NJ. “Kobeyaki’s expansion reflects… Read more
Execu|Search Group Renews for 28K-SF with Benefits
The Execu|Search Group signed an early lease renewal for 28,151 square feet of space at 675 Third Ave., an office… Read more
Counting Cranes: Construction and Development By the Numbers
It’s a bird, it’s a plane…. it’s a (good amount of) cranes. Rider Levett Bucknall (RLB), an international property and… Read more
Global Appetite for CRE Investment Remains Voracious
The appetite for income-producing commercial real estate continued unabated in 2017. Research by Real Capital Analytics (RCA) shows global acquisition… Read more
Google’s $2.5B Deal for Chelsea Market, NYC’s 2nd Largest
Google’s corporate parent, Alphabet, cut a deal to acquire New York’s Chelsea Market for $2.5 billion, which would rank as… Read more
Developers Buy More Sites: News from Ariel’s “Coffee and Cap Rates” Presentation
The renewal of New York’s biggest tax break for development encouraged developers to buy more land in 2017. The number… Read more
Co-Working Company Focused on Wellness Picks 251 W 30th St
Primary, a co-working company focused on wellness, will move into 31,083 square feet at 251 W. 30th St., a 16-story… Read more
$11M for Retail Condo at the Grand Beekman Condominium
BLDG Management Co. paid $10.9 million for a retail condominium at the base of the Grand Beekman Condominium at 900… Read more