New York
$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
Michael Okun Joins Cresa, Brings his Team
Michael Okun has joined Cresa as a principal of the New York office. He previously worked at Coldwell Banker Commercial… Read more
Onyx and GMF Plan Gut Renovation for Offices Across from Moynihan Station
Onyx Equities and GMF Capital reportedly paid $60 million for a ground leasehold interest in 320 W. 31st St., a… Read more
Rockefeller, Mitsubishi Plan 46-Story NY Tower
New York-based Rockefeller Group and sister company, Mitsubishi Estate New York, filed plans with New York’s Department of Buildings, seeking… Read more
Speyside Equity Claims 2.6K-SF Penthouse at Boutique Office Building at 145 E. 57th St.
Speyside Equity has signed a lease for the entire 2,650-square-foot penthouse at 145 E. 57th St., a boutique office building… Read more
Retailers Fill 30K-SF at Empire State Building
Tacombi has opened its fifth and largest taqueria in the Empire State Building. The deal completes the first phase of… Read more
Fast Leasing for Luxury Apartments at Exhibit at 60 Fulton
At the beginning of 2018, more than 65% of the luxury apartments had already leased at Exhibit at 60 Fulton… Read more