Category : Featured

Manhattan market looking up: Correction persists, but brokerages are optimistic about 2020

Sabina Mollot January 16, 2020 January 16, 2020

by Sabina MollotJanuary 16, 2020January 16, 20202802

Manhattan’s floundering residential sales market is finally showing some signs of rebounding despite still being in a state of correction, new reports covering activity in the fourth quarter of 2019 are showing. Douglas Elliman’s report covering the borough showed that while sales fell down annually for the eighth tine in...

Deals & Dealmakers Featured

Harbor Group makes record $1.85B apartment acquisition

REW January 15, 2020 January 15, 2020

by REWJanuary 15, 2020January 15, 20203971

Biggest multifamily transaction in the US since 2016.

Construction & Design Featured

Permits filed for new life science building

REW January 15, 2020 January 15, 2020

by REWJanuary 15, 2020January 15, 20203500

New York Health + Hospitals filed its' third and final stage permits for a 21-story building on East 30th Street between First Avenue and the FDR.

Events Featured Office Market

Manhattan office market headed for further growth, CBRE says

Sabina Mollot January 15, 2020 January 15, 2020

by Sabina MollotJanuary 15, 2020January 15, 20203943

CBRE projects another strong year for Manhattan office real estate in 2020; highlighted by foriegn investmet inflows, the cities robust transportation amenities and the work, life, play balance of New York City.

Deals & Dealmakers Featured

Convicted Croman buys Sutton Place building

Linda O'Flanagan January 15, 2020 January 15, 2020

by Linda O'FlanaganJanuary 15, 2020January 15, 20203165

Landlord Steve Croman, convicted in 2017 for fraudelent practices, has returned to acquiring buildings in Manhattan after purchasing 340 East 58th Street.

Featured

Modellʼs leases 300,000 s/f logistics center

REW January 9, 2020 January 9, 2020

by REWJanuary 9, 2020January 9, 20202666

Sporting goods retailer Modells has leased a 300,000 s/f distribution facility in New Jersey. CBRE brokered the deal for 312,373 s/f of industrial space at 201 Old York Road in Bordentown, a town within the Central New Jersey industrial market, one of the country’s most dynamic distribution hubs. The facility...

Deals & Dealmakers Featured

MIR funds $275M multifamily portfolio

REW January 9, 2020 January 9, 2020

by REWJanuary 9, 2020January 9, 20202319

Urban American has refinanced a 1,400-unit, $275 million workforce housing portfolio with private equity firm Madison International Realty. The properties are located in prime New York neighborhoods, including Astoria, Washington Heights, Westchester, and Brooklyn. Ronald M. Dickerman, founder and president of Madison International Realty, said, “Despite the changing regulatory environment,...

Construction & Design Featured

State to acquire full block for Penn Station expansion

REW January 8, 2020 January 8, 2020

by REWJanuary 8, 2020January 8, 20203482

Governor Andrew Cuomo this week unveiled a new plan to combine Penn Station with the soon-to-be-finished Moynihan Train Hall to create a train and subway complex almost double the current size. Calling his vision the Empire Station Complex, Cuomo told the Association for a Better New York his plan would...

Deals & Dealmakers Featured

Manhattan office leasing shows its FAANGs

Sabina Mollot January 8, 2020 January 8, 2020

by Sabina MollotJanuary 8, 2020January 8, 20202211

Facebook, Amazon, Apple, Netflix and Google — a group now officially dubbed FAANG — have helped drive Manhattan office leasing to its highest levels in nearly two decades.

Deals & Dealmakers Featured Leases

Tishman Speyer inks 530,000 square foot lease at The Spiral

REW January 7, 2020 January 7, 2020

by REWJanuary 7, 2020January 7, 20202690

Debevoise & Plimpton LLP will relocate its firm headquarters to The Spiral, a 65-story office tower currently under construction at 66 Hudson Boulevard in Manhattan, in a lease announced by Tishman Speyer.