Deals & Dealmakers
Techies exit New York City for Industry City
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Innovation company ?What If! is moving its New York office to Industry City, on the Brooklyn waterfront. The global innovation company, headquartered in
Deals & Dealmakers
Ground lease on Lafayette worth $150M
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Developer CBSK Ironstate has struck a $150 million deal with Olmstead Properties for a NoHo ground lease. The Hoboken, NJ-based developer plans to develp
Retail
Shabtai launches Flatiron showpiece
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Lori Shabtai and Rachel Rainaldi of TOWN Commercial has been tapped by Centaur Properties to lease the 4,300 s/f retail space at 17 East 27th Street, at
Deals & Dealmakers
Naftali closes on Chelsea parcel, plans development
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The Naftali Group has acquired five contiguous buildings to create a tremendous footprint in the Chelsea submarket, now controlling over 250 feet of frontage
Construction & Design
Life sciences take 500,000 s/f leap forward
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Alexandria Real Estate Equities is set to start work on a 550,000 s/f addition to its New York life sciences campus. The company announced a final agreement
Debt & Equity
TRANSACTIONS: MMCC’s cross country dash; StackSource closes Brooklyn deal
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Marcus & Millichap Capital Corperation announced the following transactions: • A $2,635,000 acquisition loan was arranged for a Walgreens in Windermere, Florida.
Construction & Design
WHO’S NEWS IN CONSTRUCTION & DESIGN: Promotions at Svigals+Partners, Barrie Roberts returns to WSP
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BARRIE ROBERTS Barrie Roberts has rejoined WSP | Parsons Brinckerhoff as a senior engineering manager within its transportation and infrastructure sector.
Residential
Landlords dial back on rent concessions
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Landlords dialed back the concessions last month as they continued their delicate balancing act with renters. According to Citi Habitats May rental report
Construction & Design
Meridian secures $15.4M in financing for East Village condos
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Meridian Capital Group negotiated $15.4 million in acquisition and construction financing for a mixed-use condominium development in the East Village on
Deals & Dealmakers
Avison Young to lease 250 Church in Tribeca
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Photo via Philips International’s website Avison Young announced that it has been engaged to identify a long-term net lessee for 250 Church Street
Deals & Dealmakers
Who’s news: NAI Hanson promotes Anne Remley, Bill Edwards joins Rockefeller Group
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NAI James E. Hanson announced the promotion of Anne Remley to Vice president of Marketing. Along with her promotion, Remley was asked to join fellow marketing
Featured
Sales, prices fell in first quarter 2018 as market adjusts to tax reform
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Manhattan apartment sales hit a six-year low last quarter and the average transaction price fell to its mark in nearly a decade. Brokers and market trackers