Deals & Dealmakers
WHO’S NEWS: Cresa hires new principal, Denholtz announces new director of leasing
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Barry Lewen has joined Cresa as a principal of the New York office. Lewen has specialized in tenant representation assignments, commercial property leasing
Deals & Dealmakers
Partners refinance cold storage facility with $35M fixed rate loan
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Holliday Fenoglio Fowler arranged a $35.75 million refinancing for a fully leased, 182,154 s/fClass A, state-of-the-art cold storage facility located at
Deals & Dealmakers
New York Times taps NGKF to market 250,000 s/f at its headquarters
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The New York Times has retained Newmark Grubb Knight Frank (NGKF) to market 250,000 s/f of office space at its iconic Times Square headquarters building.
Deals & Dealmakers
State releases small portion of $2B promised for housing
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State officials approved $150 million in funding for affordable and supportive housing, a fraction of the $2 billion in the state budget that Gov.
Deals & Dealmakers
Investors enjoying a merry dance with senior housing
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The appetite for seniors housing acquisitions remains strong, with nearly two-thirds of investors planning to increase the size of their portfolios over
Construction & Design
Service station re-born as small business hub
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The 150,000 s/f former Studebaker Service Station in Crown Heights has re-opened as a hub for new and growing companies. Designed by Selldorf Architects with
Deals & Dealmakers
Coach buys chunk of first Hudson Yards tower
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By Linda O’Flanagan Coach will buy a 600,000 s/f chunk of the first Hudson Yards tower to be built. Mayor Michael Bloomberg announced that upscale handbag
Deals & Dealmakers
TIAA-CREF buys 425 Park Avenue land for $315 million
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425 Park Avenue, PropertyShark By Roland Li TIAA-CREF, a major New York-based pension fund manager and institutional investor, has purchased control of
Construction & Design
Pinnacle inks franchise deal for co-working space
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Serendipity Labs, Inc.and The Pinnacle Companies announced that they have signed an exclusive franchise agreement to develop co-working spaces across Northern
Deals & Dealmakers
First-time buyers zeroing in on Brooklyn market
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By Konrad Putzier When veteran broker Bob Knakal recently remarked that most investment properties are now being bought by first-time buyers from outside
Deals & Dealmakers
LCOR collects gold following Madison marathon
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By Al Barbarino DAVID SIGMAN With the recent signing of investment advisor Peter B. Cannell & Co. at 545 Madison Ave., LCOR’s redeveloped, LEED Gold
Deals & Dealmakers
Sharp learning curve puts money maker Lewis on the fast track to next big thing
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By Konrad Putzier Many developers spend their entire career specializing on one region or asset type. Peter C. Lewis has found success by doing the exact opposite.