Deals & Dealmakers
Scissura has eye on future as he gets busy at NY Building Congress today
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The new head of the New York Building Congress (NYBC) is bringing an outer borough mentality to the 96-year-old organization, focusing on bringing in members
Retail
Target to open third Manhattan location at 10th Avenue
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RKF arranged a lease with Target to anchor the retail component of a new apartment tower at 615 Tenth Avenue in Hell’s Kitchen. Photo by Mike Mozart/ Flickr
Deals & Dealmakers
Report: Lower Manhattan vacancy drops to lowest number since 2014
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Lower Manhattan is the strongest commercial leasing market in NYC, according to a new report. The neighborhood experienced its highest year-to-date leasing
Construction & Design
SWAP SHOP: Investors mull retail to industrial conversion
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As online shopping continues to cut into traditional retail, some desperate shopping centers are also contemplating a switch to ecommerce.
Deals & Dealmakers
Knakal shown the door at Cushman & Wakefield
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Veteran commercial real estate executive Bob Knakal parted ways with Cushman & Wakefield this week, reportedly after the firm got wind he was in talks
Construction & Design
NEW DEVELOPMENT: HFZ begins closings at 11 Beach; Leasing underway at LIC’s tallest apartment tower
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● HFZ CAPITAL Closings beging at 11 Beach HFZ Capital Group has launched closings at 11 Beach Street, the BKSK Architects and Thomas Juul-Hansen-designed
Debt & Equity
FINANCE: Berkadia arranges $19M in Brooklyn, Houlihan secures $30M loan in Westchester
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● BERKADIA $19M for Brooklyn midrise Berkadia announced $19.6 million in financing for 240 Meeker, a mid-rise multifamily property in Brooklyn.
Construction & Design
Olayan Group looks to breathe new life into 550 Madison
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One of the city’s youngest landmarks is gearing up for a facelift. The Olayan Group wants to spruce up the street-level design of 550 Madison Avenue, formerly
Deals & Dealmakers
NEW DEVELOPMENT: Leasing launched at 20 Broad, Closings to begin at The Lindley
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● METRO LOFT Leasing underway at 20 Broad Developer Metro Loft announced the launch of leasing at 20 Broad Street, a 29-story, luxury rental development.
Featured
ICSC: Demise of retail has been greatly exaggerated
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By Holly Dutton and Kyle Campbell The annual ICSC New York conference kicked off this year by confronting the elephant in the room head on through a marketing campaign.
Featured
WATCH: Avison Young’s James Nelson and City Planning Commission chair Mariso Lago talk NYC’s growing population
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In the August edition of the Nelson Report, a REW video series featuring James Nelson, Avison Young principal and head of investment sales, Nelson interviews
Featured
Tech industry stymied by NYC regulations
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When it comes to attracting new businesses, sometimes less is more, according to executive director of Tech:NYC, Julie Samuels. “New York City essentially