Category : Blog

Who’s News: JLL hires IBM exec, Jonathan Rose branch has new president
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Who’s News: JLL hires IBM exec, Jonathan Rose branch has new president

REW
JLL appointed former IBM executive Sanjay Rishi as Chief Executive Officer for its Americas Corporate Solutions business. John Forrest, who has held a dual role of Global and Americas CEO for Corporate Solutions since 2014, will now fully focus on the Global CEO position for Corporate Solutions. At IBM Rishi...
Restoration Hardware leases Hamptons warehouse
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Restoration Hardware leases Hamptons warehouse

REW
Rechler Equity Partners entered into a lease agreement with RH, Restoration Hardware, enabling the design leader to create a warehouse presence on Long Island’s East End. The lease for more than 16,000 s/f at 200 Roger’s Way at the Hampton Business District in Westhampton Beach, New York will provide RH...
On the Scene: Cushman tackles 7 Queens properties, GFI closes $9M Flatbush deal
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On the Scene: Cushman tackles 7 Queens properties, GFI closes $9M Flatbush deal

REW
AGENTS Cushman & Wakefield announced that the firm has been retained on an exclusive basis to arrange the sale of seven properties located in Queens. A team led by Senior Managing Director Stephen R. Preuss will represent the sellers in all marketing efforts. • 31-79 Steinway Street in Astoria is...
SL Green makes $440M Hudson Yards play
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SL Green makes $440M Hudson Yards play

REW
SL Green Realty Corp. announced that it has entered into a contract to purchase a majority and controlling interest in 460 West 34th Street, in Manhattan.
Fast-growing Knotel signs first deal with SL Green
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Fast-growing Knotel signs first deal with SL Green

REW
Knotel, the agile workspace provider, has finalized a 17,258 s/f lease at SL Green Realty Corp’s 110 Greene Street, a.k.a., The SoHo Building. The deal is the first-ever agreement between Knotel and New York City’s largest office property owner. The new lease encompasses the entire 2nd floor of the 13-story,...
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Taco truckers roll into tony Upper West Side

REW
Olshan Properties announced that popular taqueria Tacombi has signed a 15-year lease at 173 West 78th street in Manhattan’s tony upper West Side district. The restaurant, which opens for business early 2019, will become Tacombi’s sixth location in the city. Tacombi is a hospitality company focused on spreading their love...
BBG buys Jerome Haims appraisal firm
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BBG buys Jerome Haims appraisal firm

REW
BBG has purchased independent New York firm Jerome Haims Realty and will bolster its Manhattan office with more appraisers and litigation expertise.
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IDA okays incentives for mixed-use Harrison project

REW
The Westchester County Industrial Development Agency (IDA) has approved financial incentives for a $76.8 million transit-oriented, mixed-use residential project to be built next to the Metro-North train station on Halstead Avenue in Harrison. The IDA Board approved $1,352,966 in sales tax exemptions for Avalon Bay Communities to develop the three-building...
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Square Mile funds $161M One Broadway loan

REW
Square Mile Capital Management has originated a $161 million loan secured by One Broadway, a 12-story office building adjacent to Battery Park in Downtown Manhattan. The loan was made to a joint venture between Rockwood Capital and Midtown Equities, and it includes proceeds for the acquisition of the mostly-vacant property...
Workforce housing positioned to outperform market
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Workforce housing positioned to outperform market

REW
Strong market fundamentals are attracting a wide variety of investors to workforce housing, creating good returns and helping to preserve affordable accommodation in lower-income communities, according to the latest research from CBRE. Workforce housing—rental communities that are affordable for low- to median-income workers—has outperformed the overall multifamily market for the...