Deals & Dealmakers
Jumbo deals pushed Midtown leasing to two-decade high in 2017, more action expected in 2018
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Manhattan’s office market weathered a sluggish start to close the year with the lowest vacancy rate in 18 months and the highest leasing rate Midtown has
Featured
New retail idea a winner with ‘board’ NYC shoppers
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A new café is opening on the Upper East Side as part of a booming trend that has seen old school board games breathe new life into the befuddled retail sector.
Debt & Equity
Benenson, Rose secure $179M Wells Fargo refinance
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Rose Associates and Benenson Capital Partners have refinanced their Hoyt & Horn apartment development in Downtown Brooklyn. The developers secured
Deals & Dealmakers
JMH ditches Long Island City hotels, now eyes mixed-use apartment building
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JMH Development has abandoned its plan to build a five-story, 289-key luxury hotel project in Long Island City. Instead, it will use the same property
Featured
List of 2018’s must-have apartment amenities – and why it may surprise you
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By Rick Haughey Since 2011, the number of residents living in rental housing has increased by an average of nearly 1.7 million every year, according to
Construction & Design
Port Authority unveils $32 billion Capital Plan
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The Port Authority has proposed spending $32 billion improving New York’s transportation network over the next ten years. In what it called an “unprecedented”
Featured
Airbnb partners with Jersey City apartment developer to offer home sharing services to residents
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Jersey City Urby today announced a major collaboration with Airbnb that will make it the first new building development in the tri-state area to take part
Deals & Dealmakers
What to expect when you’re expecting rent regulated returns
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With the passing of the new rent regulations in Albany, drastically limiting the ways landlords can raise rents, developers have been researching new ways
Deals & Dealmakers
Hudson Square JV lands its biggest tenant
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Publicis Groupe has signed a 960,000 s/f lease at 375 Hudson Street, the largest, longest-term deal signed in the portfolio since the formation of the
Deals & Dealmakers
City considering street closures as part of East Midtown rezoning
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The city is exploring closing down under-utilized streets in East Midtown as part of its plan to rezone the district. The possible closures, which are
Featured
Extell proves to be view master with cloudbuster Brooklyn condo
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Condo buyers at Brooklyn Point, Extell Development’s first project in Brooklyn, will be in rare air once the project is move-in ready sometime in mid-2020.
Deals & Dealmakers
GIC-Paramount’s $1.04B 60 Wall Street buy buoys NYC office sales in Q1
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GIC and Paramount Group’s $1.04 billion purchase of 60 Wall Street accounted for half of the value of all office properties sold in the city during the