Category : Featured

Vintage West End Avenue elevator building sells for $51M
Deals & DealmakersFeatured

Vintage West End Avenue elevator building sells for $51M

REW
JLL Capital Markets announced that it has completed the $50.75 million sale of 740 West End Ave., a 101-unit, pre-war, mixed-use, elevator building on Manhattan’s Upper West Side. JLL represented the seller, Wolk Properties, LLC, a long-term family ownership group, and procured the buyer, Aya Acquisitions, the investment firm founded by Amir...
60,000 S/F Renewal a Bellwether for Office Recovery
Deals & DealmakersFeatured

60,000 S/F Renewal a Bellwether for Office Recovery

REW
JLL announced that Berkley Insurance Company has renewed its lease at 757 Third Ave., a 504,953 square foot office building in Midtown East owned by BentallGreenOak. Berkley Insurance Company will continue to occupy 60,000 square feet  across the 10th and 11th floors under an eight-year lease in the building that it...
BOMA New York Announces Nominations for 2022 Pinnacle Awards
EventsFeatured

BOMA New York Announces Nominations for 2022 Pinnacle Awards

REW
The Building Owners and Managers Association of Greater NewYork (BOMA New York) is pleased to announce a total of 38 nominees across 17 categories for its upcoming annual Pinnacle Awards celebration at Pier Sixty on Thursday, September 29, 2022 beginning at 5:30 PM. The nominees of these awards are exemplary...
JLL arranges 60,000-SF headquarters lease for children’s care group at 825 Seventh Avenue
Deals & DealmakersFeatured

JLL arranges 60,000-SF headquarters lease for children’s care group at 825 Seventh Avenue

REW
JLL has arranged a transaction to relocate New Alternatives for Children (NAC), a group that helps some of the city’s most vulnerable children, to 60,000 square feet at 825 Seventh Ave., the redeveloped midtown office tower owned in joint venture by Edward J. Minskoff and Vornado Realty Trust.  The non-profit...
Colliers Arranges $192.5 Million Construction Financing from Square Mile Capital for 200,000 Square-Foot Development 
Deals & DealmakersFeatured

Colliers Arranges $192.5 Million Construction Financing from Square Mile Capital for 200,000 Square-Foot Development 

REW
Colliers Capital Markets announces that it has arranged $192.5 million in construction financing for the development of 100 Chestnut Street, a state-of-the-art life sciences development totaling approximately 200,000-square-feet in the Brickbottom District of Somerville, Massachusetts. Colliers secured the construction loan on behalf of the borrower, North River Leerink (“NRL”), from...
Two Exemplary NYC Buildings Win BOMA International TOBY® Award
EventsFeatured

Two Exemplary NYC Buildings Win BOMA International TOBY® Award

REW
 BOMA New York, the City’s most influential commercial real estate trade organization, is proud to announce that 10 Hudson Yards and 11 Madison Avenue have each won a prestigious BOMA International TOBY® Award at the 2022 BOMA International Conference, hosted by Nashville, TN. The Outstanding Building of the Year® (TOBY) BOMA International Awards are...
How Rising Interest Rates Will Impact Cap Rates
FeaturedViews

How Rising Interest Rates Will Impact Cap Rates

James Nelson
By James Nelson With interest rates going up, there has been a tremendous amount of discussion on how this will impact cap rates. If you read my whitepaper last month, I have shared my thoughts on the topic, but for this month’s post, I wanted to shed some light on...
Fisher, Olnick tap JLL to manage 700K office property
Deals & DealmakersFeatured

Fisher, Olnick tap JLL to manage 700K office property

REW
JLL has been selected to provide property management services to Headquarters Plaza, a 760,000-square-foot office property located in Morristown, New Jersey. Located on Speedwell Avenue just off the Morristown Green, Headquarters Plaza is a Class A complex consisting of three commercial office buildings, a retail concourse, a newly renovated 256-room...
Rosenberg & Estis defeats retailer’s appeal for COVID rent stoppage
FeaturedRetail

Rosenberg & Estis defeats retailer’s appeal for COVID rent stoppage

REW
Rosenberg & Estis, P.C. has successfully defeated an appeal by The Gap Inc. and Old Navy LLC in an action seeking, among other things, to terminate the long-term leases at their flagship stores in the heart of Times Square and avoid paying millions of dollars of both past-due and current...
Historic National Black Theatre to Break Ground on Mixed-Use Development in Harlem  
Featured

Historic National Black Theatre to Break Ground on Mixed-Use Development in Harlem  

REW
National Black Theatre (NBT) announced today it has begun construction on the long-awaited, state-of-the-art, permanent home for the venerable Harlem institution at the intersection of 125thStreet and Fifth Avenue. The 21-story project is being developed in partnership with LMXD and RAY. In addition to NBT’s multi-floor space, the plans will...